The Golden Lounge

[SkeBallLarry]

SCYA ...P/R >

Press ReleaseSource: Security Asset Capital Corp.
Top Executive and Director to be Appointed CEO of Security Asset Capital Corp.
Thursday February 13, 9:44 am ET
LAS VEGAS--(BUSINESS WIRE)--Feb. 13, 2003--Security Asset Capital Corp. (OTCBB:SCYA - News) announced today that Daniel J. Hill will become chief executive officer of Security Asset Capital Corp. subject to board approval.
ADVERTISEMENT
Hill has been a director of the company since 1998 and will be filling the position vacated by David Walton, who has been with the company for 10 years. Hill has over 25 years management experience in the high technology electronics business, where his focus has been high growth companies, startups and turnarounds. From 1999 to 2001, Hill was executive vice president and chief operating officer of Cerprobe Corp., a Nasdaq traded semiconductor equipment company. Hill directly oversaw the operations of nine manufacturing plants in eight countries and played a significant role in helping the company double revenues and return to profitability. Additionally, Hill was an integral part of the sale and transition of Cerprobe to Kulicke & Soffa Industries Inc. (Nasdaq:KLIC - News), where shareholder value was increased from $50 million to $200 million through January 2001. From 1998 to 1999 Hill was executive director for Price Waterhouse Coopers responsible for the firms focus on the semiconductor industry. From 1995 to 1998 Hill was the founder and chief executive officer of 1ST SILICON previously InterConnect Technology located in Sunnyvale, Calif. & Kuching, Malaysia. Hill effectively structured and closed funding agreements with equity partners and banks to finance construction of a $180 million R&D center in California, and a $1.4 billion foundry in Malaysia. From 1991 to 1995 Hill was president, chief executive officer and chairman of board for Micro Component Technology (MCTI) in St. Paul, Minn. MCTI had operations and manufacturing in the U.K., France, Germany, Italy, Malaysia, Singapore and Japan. From 1980 to 1991 Hill held various positions with National Semiconductor, Santa Clara, Calif. including, vice president, general manager of their discrete products division, and managing director of Malaysian operations where he was responsible for over 6,000 employees. Recent accomplishments include, in July 2002 being a participant in an industry roundtable held by "The Conference Board" and Stanford Law School as a post-Enron post mortem for creating a Blueprint for Best Corporate Governance Practices and early warning systems. Hill is a renowned industry speaker and publisher in the semi-conductor field and has served on the board of 20 different technology companies in eight countries.