THCG, Inc. Announces Promotions and Appointments of Key Personnel
NEW YORK--(BUSINESS WIRE)--Oct. 11, 2000--
Company Expands Management Team and Support Infrastructure To Accommodate Accelerated Corporate Growth Initiatives
THCG, Inc. (Nasdaq:THCG), a leading architect and builder of global Internet enterprises, today announced that Mr. Evan M. Marks has been promoted to Executive Vice President and Chief Operating Officer, Ms. Maria Iannitti has been promoted to Vice President and Director of Operations, Mr. Daniel A. Halpern has been appointed Vice President, Corporate Development and Investor Relations and Ms. Adina Loberfeld has been appointed Accounting Manager, effective immediately.
Mr. Marks continues to serve as President, THCG Ventures, and as Senior Managing Director responsible for coordinating the Company's unique V3 service offerings (Venture Development, Venture Funding and Venture Banking). Mr. Marks brings experience in corporate finance and operational management, having previously served as President of G. Soros Realty, Inc., a George Soros Partnership, Managing Director of Wasserstein Perella & Co., and Senior Vice President of Lazard Freres & Co. Mr. Marks holds an MBA degree from the Wharton School of the University of Pennsylvania and a BA degree from Brown University. Mr. Marks succeeds Mr. Shai Novik as Chief Operating Officer, who left the Company to pursue personal interests.
"We genuinely appreciate Shai Novik's important contributions to the growth of the Company," said Joseph D. Mark, THCG Co-Chairman and Chief Executive Officer. "We wish him every success in his future endeavors."
Ms. Iannitti previously served as Office Manager, responsible for human resources and real estate, among other areas, with Tower Hill Securities, Inc., THCG's predecessor company. Ms Iannitti brings over 15 years of management experience in investment banking, law and real estate. Ms Iannitti holds a BA degree from Pace University.
Mr. Halpern will assume a lead role in the Company's expansion plans and in targeting communications to investors, the media and entrepreneurial growth companies. Most recently, Mr. Halpern served as Managing Director of Midwest Capital Group, a corporate finance and business development consulting firm based in Minneapolis. Previously, he served in business development, sales and marketing roles with technology companies, including U.S. General Manager and Director, Investor Relations for Elron Electronic Industries Ltd. (Nasdaq: ELRNF), a technology-based industrial holding company headquartered in Israel. Mr. Halpern holds an MBA degree in finance from New York University's Stern School of Business and a BA degree from the University of Michigan.
Ms. Loberfeld, who holds a BS degree from Yeshiva University's Sy Sym's School of Business, most recently served as staff accountant with Arthur Andersen LLP.
About THCG, Inc.
Based in New York City, THCG, Inc. is a leading architect and builder of global Internet enterprises that is rapidly building a portfolio of partnership companies and fee-for-service activities. Its incubation and acceleration efforts focus on Internet enabling technologies and the development of promising companies in the areas of broadband, wireless, telecommunications and telecom infrastructure. In addition, the Company is pursuing e-Commerce and Web-content transactions with a `bricks and clicks' focus. THCG Giza Israel serves as the Company's global technology `center of excellence.'
THCG's partner companies include Convergence MediaGroup, Inc. (www.cmg-us.com), ENJEWEL (www.enjewel.com), Global Credit Services, Inc. (www.globalcreditservices.com), Globecom Interactive, Inc. (www.globecom-interactive.com), IT Utility, Inc. (www.itutility.com), Test University, Inc. (www.testu.com) and Xtend Networks, Ltd. THCG also holds investments in over 10 Internet and technology businesses it acquired through direct investment, equity for services or acquisitions.
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, Fla.
Dodi Handy, 407/682-2001
dodi@insidewallstreet.com
or
In the U.S.
THCG, Inc., New York
Daniel A. Halpern, 212/223-0440
Vice President, Corporate Development and
Investor Relations
dhalpern@thcg.com
or
In Israel
Ori Birnbaum
Vice President - Marketing
THCG - Giza Israel
(972-03-640-2350)
obirnbaum@giza.co.il |
