Kraig Biocraft Laboratories Selects Second New Member for Expanded Board of Directors

Kraig Biocraft Laboratories have named a new member to its expanded Board of Directors, who will be joining the company as an independent director.

ANN ARBOR, Mich.–(BUSINESS WIRE)–$KBLB #KBLB–Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers, announces today that it has selected Ms. Julie Bishop for its expanded Board of Directors. Ms. Bishop currently serves as the Senior Director of Global Accounting at Verizon Media and has held senior accounting positions at Yahoo and HD Waterworks. Prior to this, Ms. Bishop spent seven years serving as an auditor for publicly traded companies while working at Ernst & Young.

“We are pleased to welcome Julie, who will be joining the Kraig Lab’s board, as a new independent director,” said chairman and CEO, Kim Thompson. “Julie’s background, experience, and leadership, in corporate finance, accounting, merger and acquisitions, and audit, will be a tremendous asset to our corporate governance as we continue on our growth trajectory.”

The addition of Ms. Bishop to the board will expand the overall skillset, perspective and experience necessary to support and drive growth for all of the Company’s stakeholders. Ms. Bishop is a licensed C.P.A. with extensive experience in finance and auditing for publicly traded companies.

Ms. Bishop’s term will begin during the fourth quarter and she will serve on the audit and compensation committees for the duration of her time as a director.

“I am thrilled to have been selected for appointment to the Kraig Labs Board of Directors,” said Ms. Bishop. “I look forward to helping oversee the company as it moves to commercialize its next generation protective textile products and realize the potential of its cutting edge technology.”

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