Celerity Announces New Nominees for Board of Directors
Tuesday October 11, 10:12 am ET
ARLINGTON, Va., Oct. 11 /PRNewswire-FirstCall/ -- Celerity Systems, Inc. (OTC Bulletin Board: CESY:) today announced nominations for election of additional members to its board of directors.
The three new proposed members are as follows:
Zev Kaplan (a Preferred Stock Director-Nominee), age 53, is the founder of a law firm concentrating its practice in the areas of transportation, infrastructure, government relations, business and administrative law. Mr. Kaplan is currently General Counsel to Cash Systems Inc., a publicly traded company in the financial services business, a position he has held since March 2005. From April 1995 to the present, Mr. Kaplan has been General Counsel to the Regional Transportation Commission of Southern Nevada, where he played a key policy role in the start-up of the local transit systems and their facilities. In addition, Mr. Kaplan has had a key role in the planning and financing of numerous major public infrastructure projects in Las Vegas. Prior to starting his law firm, Mr. Kaplan spent 15 years in government service in the following capacities: Senior Deputy District Attorney with the Clark County District Attorney's Office-Civil Division; General Counsel to the Nevada Public Service Commission; and Staff Attorney to the U.S. Senate Committee on Commerce, Science and Transportation. Mr. Kaplan received a B.S. from the Smith School of Business at the University of Maryland in 1974, a J.D. from Southwestern University School of Law in 1978 and attended Georgetown University for post-graduate legal studies. He received an M.B.A. from the University of Nevada, Las Vegas in 1978.
Phillip A. McNeil (a Preferred Stock Director-Nominee), age 46, is a Managing Partner and the Chief Investment Officer of SPP Mezzanine Partners, the General Partner of SPP Mezzanine Funding, LP, a position he has held since November 2003. Prior to forming SPP Mezzanine Partners, Mr. McNeill served as Managing Director of Allied Capital Corporation, where he was co-head of its Private Finance and Mezzanine activities and a member of its Investment Committee. From the time of his appointment as Managing Director in 1998 until he left Allied Capital in 2002, the company grew from approximately $740 million in assets to nearly $2.4 billion. Mr. McNeill joined Allied Capital directly from M&T Capital, the SBIC investment division of M&T Bank, where he was a Vice President of M&T Capital/M&T Bank and an investment professional from 1988 to 1993. Mr. McNeill received a B.S in Business Administration, with concentrations in Accounting, Finance, and Law & Public Policy from Syracuse University in 1981 and an M.B.A. from Harvard Business School in 1985.
Carl J Rickertsen (a Common Stock Director-Nominee, age 45, is Managing Partner of Pine Creek Partners, a private equity investment firm, a position he has held since January 2004. From January 1998 until January 2004, Mr. Rickertsen was Chief Operating Officer and a Partner at Thayer Capital Partners, a private equity investment firm. From September 1994 until January 1998, Mr. Rickertsen was a Managing Partner at Thayer. Mr. Rickertsen was a founding Partner of three Thayer investment funds totaling over $1.4 billion and is a published author. Mr. Rickertsen is also a member of the Board of Directors of MicroStrategy, Inc., a software company; Convera Corporation, a search-engine software company; and United Agri Products, a distributor of farm and agricultural products. Mr. Rickertsen received a B.S. from Stanford University in 1983 and an M.B.A. from Harvard Business School in 1987.
Celerity CEO, C Thomas McMillen said, "We are honored to have 3 director nominees with such distinguished careers and substantial investment experience. We look forward to them joining our board and providing the company with their leadership and guidance."
The election of these candidates will be proposed to a special meeting of shareholders which is expected to be held on November 15, 2005. The meeting is also expected to address other matters. Materials will be provided to Celerity's shareholders by its transfer agent, American Stock Transfer & Trust Company, in the ordinary course.
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