Elite Books Inc. announced that as a result of a private transaction, the control block of stock of the company, represented by 2,000,000 shares of common stock, has been cancelled by Vesna Pesic, and 2,020,000 shares of common stock have been issued to Terrence Tecco, and a change of control of the company has occurred. Upon the change of control of the company, which occurred on January 26, 2016, the existing director and officer resigned immediately. Accordingly, Vesna Pesic, serving as the sole director and as the only officer, ceased to be the company's director and Principal Executive Financial and Accounting Officer.

At the effective date of the change of control, number of directors constituting the board of directors of the Company was set at three. Brad Fretti, Michael Fasci and Terrence Tecco assumed the role of directors of the Company. Terrence Tecco was appointed as the President and Chief Executive Officer of the Company.

Brad Fretti was appointed as the Chief Financial Officer of the Company. Terrence Tecco has over twenty years' experience in the oil and gas industry and the public markets. Michael Fasci is a 30 year veteran in the finance sector having served as an officer and director of many public and private companies.

He is a seasoned operator across various industries and has served in both CEO and CFO capacities for both growth and turnaround situations. Brad Fretti is a Senior Analyst at TCA Fund Management Group. Prior to joining TCA Fund Management Group, Mr. Fretti developed a range of experiences in finance, sales, marketing, and investment research.

These responsibilities extended to research in areas such as master limited partnerships, oil and gas royalties, and real estate investment trusts. Mr. Fretti joined TCA for analysis and due diligence of target companies as well as ongoing monitoring of investments.