NEW YORK, May 16, 2017 /PRNewswire/ -- Barington/Hilco
Acquisition Corp. (NASDAQ: BHAC) (the "Company") announced today
that Jeffrey D. Nuechterlein has
been elected as the Chairman of the Company's Board of Directors,
effective immediately. The Board appointed Mr. Nuechterlein
as Chairman in connection with the Company entering into a Merger
Agreement with Oomba, Inc., a social media and software development
company. The Board believes that Mr. Nuechterlein's strong
background of working with and investing in technology companies
will be invaluable in consummating the merger with Oomba, Inc. and
positioning the Company for growth and success after the
merger.
Mr. Nuechterlein has been a member of the Company's Board of
Directors and Chairman of its Audit Committee since its inception
in July 2014. Mr. Nuechterlein replaces James A. Mitarotonda, the former Chairman, who
will remain a director of the Company.
Mr. Nuechterlein is Managing Partner of Nue Capital LLC, an
investment management company he founded in 2000 to manage public
and private equity investments. Based in Alexandria, Virginia, Mr. Nuechterlein manages
a portfolio of approximately 30 venture capital investments, public
market investments across sectors, and numerous private equity fund
investments. He has 20 years of experience investing in a
wide array of early stage technology companies. In addition
to his role at the Company, Mr. Nuechterlein also is Chairman of
the Board of Directors of Cartica Capital (an SEC-registered equity
manager with approximately $3 billion
in assets under management that is focused on investments in public
companies in emerging markets) and he serves on the board of
Chesapeake Lodging Trust (a NYSE-listed company). Mr.
Nuechterlein is a member of the Public Company Accounting Oversight
Board's Standing Advisory Group. He earned his BA and JD from
the University of Virginia and his MA
and DPhil from Oxford University.
About Barington/Hilco Acquisition Corp.
Barington/Hilco Acquisition Corp. is a Delaware corporation formed for the purpose of
entering into a merger, share exchange, asset acquisition, stock
purchase, recapitalization, reorganization or other similar
business combination with one or more businesses or entities.
Forward-Looking Statements
This press release includes "forward-looking statements" that
are not historical facts, and involve risks and uncertainties that
could cause actual results to differ materially from those expected
and projected. Words such as "expects", "believes", "anticipates",
"intends", "estimates", "seeks" and variations and similar words
and expressions are intended to identify such forward-looking
statements. Such forward-looking statements relate to future events
or future performance, but reflect the Company's management's
current beliefs, based on information currently available. A number
of factors could cause actual events, performance or results to
differ materially from the events, performance and results
discussed in the forward-looking statements. For information
identifying important factors that could cause actual results to
differ materially from those anticipated in the forward-looking
statements, please refer to the Risk Factors section of the
Company's prospectus for its offering filed with the Securities and
Exchange Commission. Except as expressly required by applicable
securities law, the Company disclaims any intention or obligation
to update or revise any forward-looking statements whether as a
result of new information, future events, or otherwise.
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SOURCE Barington/Hilco Acquisition Corp.