Hampden Group Announces New Management Team
8/12/05
CHANDLER, Ariz., Aug 12, 2005 /PRNewswire-FirstCall via COMTEX/ --
Hampden Group, Inc. (OTC: HPNG), a provider of payday and title loans, insurance premium finance, and sub-prime auto financing, today announced the appointment of Randy Humphrey as CEO, Roger Marach as CFO and Mark Stumm as CTO/CMO. Hampden Group also announces it has secured additional capital to grow operations.
The new management team will continue Hampden Group's current business plan with the focus on payday and auto title loans, insurance premium finance, and sub-prime auto loans. The company operates online websites http://www.CityCash.com, http://www.CashCar.com, and http://www.PrePaidMotors.com. Hampden Group has moved the corporate office to North Scottsdale, Arizona.
Appointed Randy Humphrey CEO
Randy brings 18+ years' experience in the financial industry building a successful individual brokerage business as well as starting and operating a very successful retail brokerage operation. He has experience with both the expense containment and sales growth aspects of operation.
Appointed Roger Marach CFO
Roger has over 34 years' experience in financial management, the last 22 of which were spent in senior executive positions with publicly and privately held corporations. Roger has vast experience with raising money and running profitable businesses on the public and private scale. Roger has raised $230 million in the space of three years in various public offerings. Marach holds a Master of Management degree in finance from the Kellogg Graduate School of Management of Northwestern University and a Bachelor of Science degree in Economics from the Illinois Institute of Technology. Marach is also a U.S. Marine Corps veteran who served in Vietnam.
Appointed Mark Stumm CTO/CMO
Mark has 20+ years in marketing and sales experience with technology oriented companies at the vice president or director level. One highlight of his career is Anacom Inc., which Mark grew from $0 to $100 million for the digital revenue service part of the business in a span of seven years. We bring Mark to Hampden Group to support our technology and sales/marketing efforts.
"Hampden Group is poised for continued growth and I'm excited to be joining at such a pivotal point in Hampden's development. This industry has been growing and we have started many programs the company had in its product pipeline. I look forward to building on the Company's first profitable quarter and creating shareholder value. We have already implemented our growth strategy for this quarter and have been increasing our loan portfolio. I look forward to updating our shareholders in the near future," said Randy Humphrey, CEO.
Those interested in learning more about Hampden Group can request to be added to the investor email list at ir@HampGroup.com.
Investors are encouraged to visit http://www.otcgrowth.com for a recent research profile on HPNG.
For more information about Hampden Group, Inc. (OTC: HPNG) please contact Finn Walstad at 253-564-9254 or ceo@otcgrowth.com.
Corporate website: http://www.hampgroup.com
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties, as well as other uncontrollable or unknown factors, could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward- looking statements.
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SOURCE Hampden Group, Inc.
Finn Walstad, +1-253-564-9254, ceo@otcgrowth.com, for Hampden Group, Inc. http://www.prnewswire.com