Conihasset Capital Partners Announces Addition to Its Board of Directors
14 Diciembre 2010 - 8:54AM
Marketwired
Conihasset Capital Partners, Inc. (PINKSHEETS: CNHA) (the
"Company") has announced that Paul W. Stephenson has been elected
as an independent member of its Board of Directors (the "Board").
The election of Mr. Stephenson brings the number of directors of
the Company to five, three of whom are independent directors.
In making the appointment Bradley Hoecker, Chairman of the Board
stated, "We are pleased to welcome Paul to the Board of Conihasset.
Paul brings a tremendous level of depth and experience to the Board
as a result of his many years in finance, investments and
operations management."
Mr. Stephenson is the founder of PWS Management LLC. PWS invests
in early-stage high-growth companies. He spent the previous four
years as a Product Manager for TradeWeb LLC where he oversaw the
development of its corporate bond trading platform. In addition, he
spent 16 years as a corporate bond salesman and sales manager (four
years with Salomon Brothers and twelve years with Merrill Lynch).
Prior to that, he was a CPA with Peat, Marwick, Mitchell & Co.
In 1994, Mr. Stephenson participated in the leveraged buyout of
Yancey Bros Co., a construction equipment dealership in Atlanta,
Georgia where he is a member of its Board of Directors. He is also
on the Board of Directors of NYLX Inc. since making an investment
in that company in 2007. NYLX provides web based product
eligibility and pricing services to the retail mortgage industry.
He is a member of the Board of Trustees at Spring Brook Country
Club where he has also been President since 2008. Since 2009, he
has served on the Board of Trustees of Link Community School. Mr.
Stephenson holds an MBA and a BS from Tulane University.
In accepting the position Mr. Stephenson stated, "I look forward
to working with Brad, the Board and the management of Conihasset as
they continue their strategy of acquiring and managing small
manufacturing, service and distribution companies. As we move past
the economic hardship of the past few years, we see great
opportunities ahead. I am pleased to be a member of a group
dedicated to meeting the challenges that these opportunities will
provide."
About Conihasset: Conihasset Capital
Partners, Inc. is a holding company quoted on the OTC Pink Sheets
under the ticker CNHA. The Company currently owns 100% of
Diversified Fluid Systems ("DFS") and MH Gaming ("MHG"). DFS
designs, manufactures and services chemical blending and management
systems for the semiconductor, solar and other industries. MHG has
been capitalized to invest in and manage senior arcades in the
state of Florida.
FORWARD-LOOKING
STATEMENTS: Statements included in this press release that are
not historical facts are "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995
(the "1995 Act"). Words such as "believe," "expect," "anticipate,"
"intend," "look forward," "opportunities," and similar expressions
identify forward-looking statements. The Company cautions readers
that forward-looking statements reflect the Company's current
expectations and assumptions that are subject to certain risks and
uncertainties which could cause actual results to differ materially
from those projected in the forward-looking statements. Statements
made herein are made in reliance on the safe harbor for
forward-looking statements contained in the 1995 Act. The Company
assumes no obligation to update or revise any forward-looking
statements made herein or any other forward-looking statements
otherwise made by the Company.
Contact: Jeffrey Leach (201) 874-0684
(USOTC:CNHA)
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