THCG, Inc. Implements Aggressive Expansion of V3 Professional Team
NEW YORK--(BUSINESS WIRE)--June 22, 2000--
THCG's U.S. Operation Gains Industry Specialists With Expertise In Areas Ranging From Strategic Internet Technologies To International
Corporate Finance To Venture Banking Services
THCG, Inc. (Nasdaq:THCG), a leading architect and builder of global Internet enterprises, today announced that the THCG V3 team has been dramatically enhanced with the addition of several new industry specialists and professionals. Each brings to THCG advanced expertise and a network of established resources in areas that are critical to the ongoing delivery of V3 - Venture Development, Venture Banking and Venture Funding services to technology and established businesses with high potential, globally. Those joining the Company's New York-based operations include:
Neal Ghura - Managing Director; Venture CTO
Since 1994, Neal has served as Chief Technology Officer/technical lead on several B2B and B2C e-Commerce projects, with the most recent being iiCaptain. He also boasts tremendous entrepreneurial experience having led the start-up of five companies. As Managing Director and Venture CTO of THCG, Neal will leverage his technological and entrepreneurial expertise in the evaluation of prospective investments while providing hands-on management and supervision over select technology projects and services.
Peter Keuls, Managing Director
Peter joined THCG from Merrill Lynch where he was a Director of the International Private Client Group. Prior to Merrill Lynch, Peter was a Principal at Gemini Consulting in London where he advised international companies on marketing and strategy. Peter will be developing wholly owned new ventures for THCG.
Tina Prountzos, Managing Director
For the past nine years, Tina has advised Internet and telecommunications companies on capital raising and merger and acquisition activities, most recently as Director of the Internet investment banking practice at Ladenburg Thalmann & Co., Inc. As a senior member of the THCG Venture Banking Group, she will assist THCG portfolio companies and promising Internet businesses in realizing their financial objectives.
Scott Gegenheimer - Senior Vice President; Venture CFO
Before THCG, Scott spent 12 years engaged in international joint ventures, corporate development, treasury and corporate finance work for Motorola, Cisco Systems and Adaptive Broadband. At Motorola, he was responsible for establishing the initial operations and running the financial organizations of various wireless start-ups within the Network Ventures Division. In his new role as Venture CFO, Scott will provide strategic financial direction to each of the Company's portfolio partners.
Fiona McKone, Vice President
Prior to joining THCG, Fiona worked in the Corporate Finance department at Commonwealth Associates, a merchant and investment bank offering venture capital services to early stage, high-growth Internet and technology companies. At THCG, Fiona will focus on providing Venture Funding and Venture Banking services for portfolio companies.
Jon Jensen, Vice President
Jon has an extensive online advertising and e-Commerce background, leading teams in both the B2B and B2C spaces - most recently at ChipCenter. Jon will help THCG's portfolio companies to refine, focus and streamline internal operations to ensure greater revenue potential and maximize market valuations.
Priti Agarwal, Associate
Priti joins THCG from Monitor Company, an international strategy consulting firm renowned for its blue chip client list composed mainly of the Fortune 500. Working in Venture Development, Priti will be responsible for advising THCG portfolio companies on strategy and business development activities.
Alan Weinfeld, Associate
Alan joins THCG from Goldman Sach's Global Investment Research Division where he was a financial analyst. As a THCG Associate, Alan will be focusing on creating value for portfolio companies in their competitive space and acting on opportunities in the marketplace.
Jeff Brickman, Analyst
Jeff participated in a Management Development Program within the Global Cash and Trade department at Bankers Trust Company. At THCG, he will participate in all three components of the V3 model, as well as participate in financial and strategy development projects for portfolio companies and fundraising activities.
Yael Berger, In-House IR/PR Liaison
Yael brings to THCG experience in human resources, communications and administrative services, having served vital roles in these capacities at Young and Rubicam, Inc. prior to joining the Company. As In-House IR/PR Liaison, Yael, in cooperation with management and the Company's financial public relations firm, will work to foster ongoing communication with THCG's shareholders, the retail investment community and with analysts and institutions providing sponsorship of the Company.
Brad Rothschild, Summer Associate
While Brad is pursuing his MBA at Columbia Business School, he will assist THCG in both Venture Development and Venture Banking projects. Formerly, Brad served as Director of Communications at the Permanent Mission of Israel to the United Nations.
Larry Smith, President of THCG, Inc., stated, "THCG firmly believes that its V3 approach to building potential billion dollar Internet organizations is a strategy that will create the standard by which all others will have to abide in order to remain competitive in the Internet incubation space. We are delighted that many of our portfolio companies are `proof positive' that the V3 formula for success is working, as evidenced by the consistent achievement of established corporate milestones and financial objectives. On both an individual and a combined basis, the new members of our V3 team bring to THCG a wealth of capabilities, expertise, talent and depth that is expected to enhance and accelerate positive momentum for both THCG and its partners."
About THCG, Inc.
Based in New York City, THCG, Inc. is rapidly building a portfolio of global Internet partnership businesses. Its incubation efforts center around Web technologies, wireless, communications, network security, and supply chain and customer relationship management. In addition, the Company, which is also pursuing e-Commerce and Web-content transactions with a "bricks and clicks" focus, currently has equity positions in eight early-stage partner companies including Convergence MediaGroup, Inc. (www.cmg-us.com), ENJEWEL (www.enjewel.com), Global Credit Services, Inc. (www.globalcreditservices.com), Globecom Interactive, Inc., IT Utility, Inc. (www.itutility.com) and Test University, Inc. (www.testu.com).
THCG also holds investments in over 10 Internet and technology businesses it acquired through direct investment, equity for services or acquisitions, including iBeauty.com (www.ibeauty.com); insci-statements.com, Corp. (NASDAQ: INSI, www.insci.com) Passport New Media, Inc. (www.yourownworld.com), TechOnLine, Inc. (www.techonline.com); RealTimeImage, Inc. (www.realtimeimage.com); SoftWatch, Ltd. (www.softwatch.com); SunShine Media Corporation (www.bikini.com) and webMethods, Inc. (NASDAQ: WEBM, www.webmethods.com).
THCG Giza Israel, a THCG wholly owned subsidiary, is serving as the Company's global technology "center of excellence" and is focused on sourcing, screening and developing promising companies in the areas of Broadband, Wireless, Internet Enabling Technologies and Telecom Infrastructures.
For more information, please visit the Company's Web site at www.thcg.com.
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, risks associated with startup or early stage enterprises, the effect of demand for public securities, activity in the secondary securities markets, general economic, political and market conditions, and other risks described in the Company's Securities and Exchange Commission filings.
CONTACT: Continental Capital & Equity Corporation, Longwood, FL
Dodi Handy, 407/682-2001
dodi@insidewallstreet.com
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