Terence Urges Forward Industries Shareholders To Vote For Director Nominees

(RTTNews) - Terence Bernard Wise, the largest shareholder and member of the board of directors of Forward Industries, Inc. (FORD), issued a statement hailing the substantial support shareholders and employees have been demonstrating for his nominees and confronting Forward's entrenched Board of Directors on its continued misrepresentations.

Terence Bernard Wise urged the company's shareholders to vote the GOLDproxy card today for his five board nominees, who have demonstrated exceptional accomplishments in the key areas required to unlock substantial value at Forward and provide the leadership Forward's shareholders deserve.

"Mr. Johnson's claims that he approached me with an offer to buy Forward multiple times are flatly incorrect. Mr. Johnson has only informally approached me once, offering a sale of all Forward's assets to leave Forward as a public company shell intended to fund his M&A pipe dreams. In addition, just this week Mr. Johnson presented a second offer to me pleading for an additional nine-months for him and his directors to shop and sell Forward's assets. For some reason, Mr. Johnson seems to believe that the business of a company should change to suit the experience and interests of its chairman and appointed managers.," Bernard Wise said.

"What Mr. Johnson fails to recognize is that Forward is not his private M&A shell vehicle - it is a long-standing public company with customers, suppliers, employees and shareholders. If the chairman, directors and managers of the company do not have the experience and interest to effectively manage these customers, suppliers and employees in the service of its shareholders, then the answer is to change the chairman, directors and managers and not the company's business," Bernard Wise said.