IA Global, Inc. (NYSE AMEX US:IAO) announced today that it has
reconstituted its Board of Directors and appointed a new Chief
Executive Officer. On September 4, 2009, Jack A. Henry, Michael
Garnreiter and Greg LeClaire were appointed to the Company’s Board
of Directors, effective immediately and Brian Hoekstra, an existing
director, was appointed as the new permanent Chief Executive
Officer. Messrs. Henry, Garnreiter and LeClaire will serve on the
Board until the Company’s 2009 Annual Meeting of Stockholders.
As part of the process of reforming the Company’s management
structure, the Board also reconstituted its standing committees. To
this end, each of Messrs. Henry, Garnreiter and LeClaire will serve
on the Company’s Audit, Compensation and Nominating and Corporate
Governance Committees. Mr. Garnreiter will chair the Audit
Committee, Mr. LeClaire will chair the Compensation Committee and
Mr. Henry will chair the Nominating and Corporate Governance
Committee.
With the filing of the Company’s Annual Report on form 10-K with
the Securities and Exchange Commission on September 3, 2009, the
resignations of Masazumi Ishii and Derek Schneideman from the
Board, as well as Mr. Schneideman’s resignation as CEO, have become
effective. Mark Scott will continue as the Company’s Chief
Financial Officer.
“With a newly invigorated management team, including the
continuity provided by Mark Scott, a brand new board of directors,
as well as investors that have committed financial support, the
Company is poised to rebuild itself,” stated Brian Hoekstra, the
Company’s new Chief Executive Officer. “Each of the new directors
brings to bear significant experience in operating, overseeing and
growing successful companies. Moreover, they possess skills and
expertise, whether it be in accounting, finance or operations, of
which management can avail itself and that will serve the Company
and its investors well in our endeavor to rebuild this Company,”
added Hoekstra.
Mr. Henry has served on the board of directors of White
Electronic Designs corp. (NASDAQ: WEDC) since January 2004 and
currently serves as the Chairman of its Audit Committee and is a
member of its Compensation and Operations Review Committees. Mr.
Henry has also served on the board of directors of Grand Canyon
Education, Inc. (NASDAQ: LOPE) since November 2008 and currently
serves as the Chairman of its Audit Committee. He also currently
serves on the boards of directors of several private companies
previously served on the boards of directors of four other
public-reporting companies. Mr. Henry began his career with Arthur
Andersen in 1966, and in 2000 retired as the managing partner of
the Phoenix, Arizona office. He then formed Sierra Blanca Ventures
LLC, a private investment and advisory firm. Additionally, he
serves as President of the Arizona Chapter of the National
Association of Corporate Directors. Mr. Henry holds a Bachelor’s
degree in Business Administration and a Master’s degree in Business
Administration from the University of Michigan.
Mr. Garnreiter is currently President of Rising Sun
Restaurant Group, L.L.C., a private restaurant operating company
and has held that position since August 2006. From
April 2002 through June 2006, Mr. Garnreiter was
Executive Vice President, Treasurer, and Chief Financial Officer of
the Main Street Restaurant Group. Mr. Garnreiter is a director
of Taser International (NASDAQ: TASR), Knight Transportation Inc.
(NYSE: KNX) and Amtech Systems (NASDAQ: ASYS). Mr. Garnreiter
previously served as a general partner of the international
accounting firm of Arthur Andersen from 1974 through
March 2002. Mr. Garnreiter holds a B.S. degree in
accounting from California State University at Long Beach and is a
Certified Public Accountant.
Mr. LeClaire has served as a director and Audit Committee
Chairman of LiveDeal, Inc. (NASDAQ: LIVE) since May 2008. He also
currently serves as a financial, operational and strategic
development consultant in the technology sector. Mr. LeClaire was
Chief Financial Officer and Corporate Secretary of ClearOne
Communications, Inc. (NASDAQ: CLRO), a manufacturer and marketer of
audio conferencing and related products from September 2006 to May
2009. From April 2006 until August 2006, Mr. LeClaire served as
Vice President – Finance and Administration for LiveDeal, Inc., a
private Internet classifieds company that LiveDeal, Inc., the
public company, acquired in 2007. Prior to that, Mr. LeClaire was
Vice President and Chief Financial Officer of Utah Medical
Products, Inc. (NASDAQ: UTMD), a multi-national medical device
corporation. Mr. LeClaire has significant experience in the areas
of finance and accounting, SEC reporting, Sarbanes-Oxley
compliance, budgeting and financial management. He holds a Master
of Science degree in management from Stanford University’s Graduate
School of Business and a Bachelor of Science degree in accounting
from the University of Utah.
Mr. Hoekstra has more than 27 years of professional experience
including corporate management, strategic planning and business
development, as well as extensive technical expertise in lasers,
optics, solar, and materials processing. For the past 10 years, he
was the CEO of Applied Photonics, Inc., a leading laser solutions
provider for the flat panel display industry with an installation
base located primarily in Asia. From February 1998 until September
1999, Mr. Hoekstra was Vice President of Technology at Accudyne
Corporation. From 1992 until 1998, he held various corporate
positions specializing in marketing, technology transfer, and
commercialization. From 1986 until 1992, he was the Deputy Director
of a NASA Commercial Center. From 1983 until 1986, then Captain
Hoekstra was a leading researcher at the Air Force Materials
Laboratory at Wright Patterson AFB. Mr. Hoekstra graduated from
Illinois Institute of Technology with a bachelor’s degree in
physics in 1981. He has been an independent director of Amtech
Systems, Inc. (NASDAQ: ASYS) since February 19, 2007.
About IA Global,
Inc.
IA Global, Inc. (“IA Global”) is a Business Process Outsourcing
(“BPO”) and Financial Services corporation targeting the B2B and
B2C markets in the Asia Region, the US and Australia. The Company
is seeking to expand its investments in the BPO, B2B and Financial
services sectors. In Japan, IA Global is 100% owner, except as
disclosed, of Global Hotline, Inc., a BPO organization, operating
several major call centers providing primarily outbound
telemarketing services for telecommunications and insurance
products. In the Philippines, IA Global operates as Global Hotline
Philippines Inc., a BPO organization, providing inbound and
outbound telemarketing services, and collocation facilities to a
variety of industries. In the Asia region, the Company has equity
investments of 20.25% in Slate Consulting Co Ltd. and 12.6% in
Taicom Securities Co. Ltd., except as disclosed.
For further information, contact:Investor RelationsIA Global,
Inc.101 California Street, Suite 2450San Francisco, CA
94111415-946-8828 (t)415-946-8801
(f)ir@iaglobalinc.comwww.iaglobalinc.com
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: This press release contains forward-looking
statements (within the meaning of Section 27a of the Securities Act
of 1933 and Section 21e of the Securities Exchange Act of 1934)
regarding us and our business, financial condition, results of
operations and prospects. Forward-looking statements in this press
release reflect the good faith judgment of our management and the
statements are based on facts and factors as we currently know
them. Forward-looking statements are subject to risks and
uncertainties and actual results and outcomes may differ materially
from the results and outcomes discussed in the forward-looking as a
result of either the matters set forth or incorporated in this
press release generally or certain economic and business factors,
some of which may be beyond the control of IA Global. Specifically,
we are exposed to various risks related to legal claims, our need
for additional financing, our level of indebtedness, our NYSE AMEX
listing, our investment in Taicom Securities Co Ltd., declining
economic conditions, our Global Hotline business, our controlling
shareholder groups, the sale of significant numbers of our shares
and a volatile market price for our common stock. Readers are urged
not to place undue reliance on these forward-looking statements
which speak only as of the date of this press release. We undertake
no obligation to revise or update any forward-looking statements in
order to reflect any event or circumstance that may arise after the
date of the press release.
IA Global (AMEX:IAO)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
IA Global (AMEX:IAO)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
