SPO Networks Inc (SPOI)

[learner1156]

100% sale? Or maybe partly a transfer among related entities?

http://sec.edgar-online.com/sti-group-inc/s-1a-securities-registration-statement/2008/04/02/Section29.aspx

The following is an excerpt from a S-1/A SEC Filing, filed by STI GROUP INC on 4/2/2008.

The following table sets forth as of March 31, 2008, the names and ages of our current directors and executive officers, and the principal offices and positions with our company held by each person.


Name Age Position Since
David Walters 44 Chairman, Chief Executive Officer and Chief Financial Officer December 2006
Thomas W. Friedberg 47 Director April 2007
Kim McCaffrey 50 President of STI November 2006



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David Walters has been the Company's Chairman of the Board of Directors, Chief Executive Officer, and Chief Financial Officer since December 2006. Mr. Walters has served as Chairman and Chief Executive Officer of Bounce Mobile Systems, Inc., since July 2006. Since February 2000, he has served as a managing member of Monarch Bay Capital Group, LLC, a consulting company and since March 2006, as a managing member of Strands Management Company, LLC, also a consulting company. Since April 2006, he has served as a managing member of Monarch Bay Associates, LLC, a FINRA registered firm. Mr. Walters has extensive experience in investment management, corporate growth development strategies and capital markets. From October 1992 through July 2000, he served as executive vice president and managing director in charge of Capital Markets for Roth Capital (formerly Cruttenden Roth, "Roth"). As an equity partner and a key senior management member, he was instrumental in building the company's revenues from $7 million to $65 million. He managed the capital markets group and led over 100 financings (public and private), raising over $2 billion in growth capital. Mr. Walters sat on Roth's Board of Directors from 1994 through 2000. Previously, Mr. Walters has served as a vice president for both Drexel Burnham Lambert and Donaldson Lufkin and Jenrette in Los Angeles, and has run a private equity investment fund. Mr. Walters earned a B.S. in Bioengineering from the University of California, San Diego in 1985. Mr. Walters also serves as Chairman of the Board of Directors of Monarch Staffing, Inc. and Remote Dynamics, Inc. and a member of the Board of Directors of Precision Aerospace Components, Inc. As Mr. Walters serves as an executive officer and/or board member of several other companies and as a principal of a FINRA registered broker dealer and a corporate services consulting firm, we estimate that Mr. Walters will devote no more than 20-25 hours per month to activities for our Company.


Thomas W. Friedberg has been a member of our Board of Directors since April 2007. Since 2004, he has been President of Mineral King Partners, LLC (and its predecessor TWF Consulting), a strategic consulting firm that provides competitive benchmarking, competitive and strategic financial analysis, and valuation services. Previously, Mr. Friedberg advised various technology companies, automobile salvage processors, specialty financial institutions, and telecommunications service providers, with an emphasis on wireless providers, for more than twenty years at firms such as Hambrecht & Quist, Piper Jaffray, and Tucker Anthony Sutro, and as a partner at Genesis Merchant Group Securities. Mr. Friedberg also served as Director of Investor Relations and Strategic Financial Analysis at US WEST NewVector Group, US WEST’s former publicly traded cellular and paging subsidiary where he directed the financial aspects and analysis of all merger and acquisitions undertaken by the Company. Mr. Friedberg received his MBA from the Wharton School at the University of Pennsylvania and BA and BS degrees from Stanford University. From 1999 to 2007, Mr Friedbery served on the Governor’s Commission on Science and Technology for the State of Colorado at the appointment of Governor Bill Owens. Mr. Friedberg is a member of the Board of Directors of Systems Evolution, Inc., Monarch Staffing, Inc. and Remote Dynamics, Inc. Since March 2007, Mr. Friedberg has also been an independent FINRA-registered representative associated with Monarch Bay Associates, LLC. MBA provides placement agent and other investment banking services to us. See “CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS”. Mr. Friedberg does not perform any services related to MBA’s engagement by us and does not have any direct or indirect pecuniary interest in MBA’s engagement by us.


Kim McCaffrey has been the President of STI since November 2006. Mr. McCaffrey has 25 years of industry experience and was president of BluBat, Inc. from 1993 until its acquisition by DataLogic in November, 2005. Prior to that, Mr. McCaffrey was Vice President of Worldwide Sales for Simpact Associates, a company specializing in proprietary data communications. Before that, Mr. McCaffrey was National Sales Manager for System Industries, a public company specializing in networked storage. He also founded Puroptix, a local broadband company that provides turnkey fiber to the home solutions to service providers wishing to offer increased bandwidth to their customer base. Mr. McCaffrey serves on the board of directors of three companies and received his BA in Psychology and BS in Business Administration from Chico State University

All Directors of the Company hold office until the next annual meeting of the stockholders, or until their successors have been elected and qualified. Officers of the Company are elected by the Board of Directors and hold office at the pleasure of the Board.