THCG, Inc. Announces Promotion and Appointment Of Key Personnel
NEW YORK--(BUSINESS WIRE)--Nov. 15, 2000--THCG, Inc. (Nasdaq:THCG), an international merchant banking firm actively engaged in building and supporting its global portfolio of industry leading technology companies, today announced that Mr. Evan M. Marks has been promoted to President and that Mr. Alan L. Schaffer has been appointed Executive Vice President, Finance of the Company.
Mr. Marks succeeds Mr. Larry Smith as President, who will be leaving the Company effective December 31, 2000 to manage LiveIdea Inc., a wireless applications and services company. "Larry played a critical role in the Company's early stage of development, and we are grateful for his important contributions," said Joseph D. Mark, THCG Co-Chairman and Chief Executive Officer. "We wish him every success in his future endeavors."
Mr. Marks continues to serve as Chief Operating Officer and as President, THCG Ventures. 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. Schaffer brings broad-based financial management experience. He has served, most recently, as Chief Financial Officer of ConnectivCorp. Previously, Mr. Schaffer was employed by Ampal-American Israel Corporation (NASDAQ: AMPL), where he served as Vice President - Finance and Treasurer, the New York Stock Exchange and Price Waterhouse & Co. Mr. Schaffer is a Certified Public Accountant and holds a BBA degree from Pace College.
About THCG, Inc.
Based in New York City, THCG, Inc. (Nasdaq:THCG) is an international merchant banking firm actively engaged in building and supporting its global portfolio of industry leading technology companies. THCG helps its partner companies succeed through an integrated matrix of financial, business and technology development services consisting of Venture Funding, Venture Banking and Venture Development ("V3 Services"). Within the technology sector, THCG's V3 service offerings are targeted in key segments, including Internet-enabling technologies, broadband, wireless, telecommunications and telecom infrastructure, among others. THCG Giza Israel, through its Zinook unit, serves as one of THCG's global technology "Centers of Excellence," sourcing, screening and developing promising early-stage technology companies.
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: For THCG, Inc.
Continental Capital & Equity Corp., Longwood, Fla.
Dodi B. Handy, 407/682-2001
dodi@insidewallstreet.com
or
THCG, Inc., New York
Daniel A. Halpern
VP, Corp. Develop. & Investor Relations
212/223-0440
dhalpern@thcg.com
or
THCG Giza Israel
Ori Burnbaum
VP, Marketing
972-3-640-2350
orib@zinook.com |
