Stakool, Inc. announced that on March 15, 2012, Peter Hellwig, Kenji Katayama and Christian Breda (Prior Directors) resigned from all officer and director positions with the company held by the Prior Directors, including President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer and Director, and immediately prior to such resignations, there were no officers or directors of the company other than the Prior Directors. Prior to their departure, the Prior Directors appointed Joseph C. Canouse as President, Chief Executive Officer and Director of the company, effective upon the resignation of the Prior Directors. Mr. Joseph C. Canouse, age 49, combines over twenty plus years of experience in finance, consulting and public company restructuring.

From 2011 through present, Mr. Canouse has been the Chief Executive Officer for Quasar Aerospace Industries, Inc.