LION Further Restructures Management
Former NAMB President Tuck Marshall Named President of Lioninc.com
SEATTLE, March 16 /PRNewswire/ -- LION Inc. (OTC Bulletin Board: LINC - news) today announced the appointment of Tuck Marshall as president of its wholly owned subsidiary, Lioninc.com. The management change provides LION with strong leadership and enhances the company's ability to deliver cutting edge online business-to-business products and services for the mortgage industry.
Responsible for fulfilling the company's growth strategy for 2000 and beyond, Tuck Marshall provides Lioninc.com with a proven and well-respected leader in the mortgage industry. Marshall, former president of the National Association of Mortgage Brokers (NAMB), brings with him connections at all levels of Congress and state governments. He also has strong relationships with national and state mortgage associations, as well as the nation's leading mortgage corporations.
``Tuck is a perfect fit for Lioninc.com at this point in the company's growth,' said John McMillan, chairman of the board and CEO of LION Inc. ``As the president of two successful mortgage companies, he brings the experience needed to take this company to the next level.'
With Marshall taking on responsibilities as president of Lioninc.com, Sam Ringer will take on the role of Chief Technology Officer (CTO). In this position, Ringer will be able to focus on new technologies, enhancements to its core products and future product development.
``Sam is the co-architect and author of the LION software,' said Marshall. ``This move will allow him to maximize his expertise and focus on the company's ASP initiative. With Sam's guidance, the new ASP service will expand LION's strong position as a leading provider of online business-to-business products and services for the mortgage industry.'
In addition to the Lioninc.com management changes, LION's board of directors also underwent a restructuring. John McMillan, former CEO of Nordstrom, has been given the additional responsibility as chairman of the board. To lesson McMillan's workload, Allen Ringer will reassume his former position as president of LION.
About Lioninc.com
Lioninc.com is a pioneer provider of online business-to-business products and services since 1995. It has emerged as the premier provider of cutting-edge Internet products for the over $1 trillion mortgage industry. Lioninc.com brings together borrowers, real estate companies, mortgage brokers, mortgage lenders and financial institutions in order to facilitate home loans in an easy, efficient and quick manner.
Lioninc.com's headquarters are located at 2201 Lind Ave. SW, Renton, WA 98055. Telephone: 800-546-6463. Fax: 425-902-4141. For more information, visit the company web sites, at www.lioninc.com and www.lionchoice.com. For more information on LION, Inc. (formerly Plenum Communications) visit www.lioncorp.net.
Actual results will vary because of factors such as: mortgage market trends, interest rate changes, housing/consumer trends affecting home purchases, internet competition, risks of system interruption management of potential growth risks of new business areas, new internet technology, joint-marketing and sales agreements, strategic alliances and other issues discussed in the company's Form 10-K and 10-Q reports which are on file with the Securities and Exchange Commission.
SOURCE: Lioninc.com |
