had anyone read this?
KILLEEN, Texas -- James Monroe Capital Corp. (PINK SHEETS:JMCP) President Frank Love, stated, "Now that we are a 100% bona fide Oil Company with several large Oil deals signed and sealed, it's time to announce who our Chief Financial Officer is."
Mr. Anthony (Tony) Gouveia CFO:
Mr. Gouveia is a CFO or Director of a number of companies in various industries. His expertise is focused on acquisition of capital, sale and acquisition of companies, IPO process and formulating effective business strategies to maximize return to shareholders and investors. Mr. Gouveia was the Vice President of Finance and Corporate Controller for the Unilab Corporation (Unilab). Mr. Gouveia was involved in the following regarding his tenure at Unilab: (1) taking the company public raising $125 million; (2) subsequent to the IPO, the company sold 9.2 million shares in a secondary offering; and (3) the company was sold for approximately $900 million. The market cap of Unilab, when Mr. Gouveia joined the company, was under $200 million. Unilab's IPO was considered one of the most successful IPO's as reported by The Wall Street Journal. Unilab had the highest profit margins in the industry. Prior to Unilab, Mr. Gouveia was the CFO for Winston Tire Company (Winston). In two years, Mr. Gouveia improved annual cash flow by $2 million increasing the value of the company by $20 million, acquired 3 companies and integrated their operations and developed a long-term plan to reverse 10 years of losses prior to Mr. Gouveia joining the company, which was on target during his tenure at Winston. Mr. Gouveia spent several years as an auditor for large international accounting firms.
Mr. Gouveia's approach will be to assist Mr. Love to invest our financial resources in a disciplined manner to provide the best possible return to investors/shareholders. This means focusing on the right businesses/products. Mr. Gouveia stated, "As CFO, I will assist Mr. Love in evaluating our businesses/products to ensure that they meet our standards for financial performance, growth and return on investment."
Love further stated, "This caliber of Chief Financial Officer, directly reflects the direction in which James Monroe Capital Corp. is headed."
This press release does not constitute an offer of any securities for sale. This press release contains certain 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. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
