After a lengthy and productive tenure as chairman, Dr. George Adams has advised the board that he will be retiring as a director of Sernova Corp. at the end of his term and has stepped down as chairman of the board. The company announced that Frank Holler has been appointed chairman of the board.

Mr. Holler brings a wide-range of experience to his role as Sernova's Chairman of the Board. An active investor and successful entrepreneur, Mr. Holler is currently the CEO and fund manager for BC Advantage Funds.