Confederate Motors Inc. announced that on June 3, 2013, Joseph Mitchell resigned as Chief Financial Officer of the company to pursue other interests. In his capacity as Chief Financial Officer, Mr. Mitchell also served as the company's Principal Financial and Accounting Officer. Mr. Mitchell has agreed to continue his service on a consulting basis in order to facilitate the accurate transparent reporting of financial documents on behalf of the Company.

On June 3, 2013, Jay Etheridge, the Company's controller, was delegated as interim Principal Financial and Accounting Officer. Jay Etheridge, has served as the company's controller since April 2013. In 2008, Mr. Etheridge received his A.A. in Accounting from the University of Phoenix.

From July 2009 to April 2013, Mr. Etheridge was the Chief Executive Officer of SBA Accounting Services. From August 1996 to July 2009, Mr. Etheridge worked in various capacities for NCP Solutions LLC, where he assisted in the manufacture and printing of documents for financial institutions.