World Reach Limited announced the appointment of Mr. Trevor Moyle as an Independent Non-Executive Director. The appointment was made by the board late on August 13, 2012. Mr. Moyle was also elected Chairman of the board.

Over 30 years senior executive and corporate advisory experience in equity capital markets, banking, structured finance, venture capital, corporate strategy, M&As and funds management. His roles as an adviser have been augmented by roles as a board member and chairman of a number of companies. The company also announced that Mr. Dennis Payne has stepped down from his Executive Director position effective from August 13, 2012.

Mr. Payne was appointed a Director on June 14, 2012 to take the place of Mr. John McCormack who resigned suddenly due to ill health. Mr. Payne remains the Company Secretary and Chief Financial Officer. Mr. Payne's resignation allows the Company's board to be comprised of three members, two of whom are Independent Non-Executive Directors, in keeping with good corporate governance.