She owns Bertner Advisors (in NYC) and her team is taking over IR duties at a whopping 20k/month paycheck. Titan Mgt parted ways with Beverly Brooks recently and made the move to Sherry Bertner which is effective 7/7 !
Her main task is to get Wall St. interested in our little gem and there is wording written into her contract that if Titan gets acquired, she really gets PAID !!
PR reads:
Titan Medical Inc. Retains New York-Based Bertner Advisors, LLC for Investor Relations Services June 17th, 2014
TORONTO, ONTARIO–(Marketwired – June 17, 2014) - Titan Medical Inc. (“Titan” or the “Company“) (TSX VENTURE:TMD)(OTCQX:TITXF) announced today that it has retained Bertner Advisors, LLC as its investor relations advisor. Services to be provided in the United States to Titan by Bertner Advisors include counsel on investor relations strategy.
Headquartered in New York City, Bertner Advisors is a financial communications consulting firm providing strategic investor relations services to health care companies. The Titan Client Management Team providing these services includes Monique Kosse, Managing Director, and Lena Adams, Associate Director. Bertner Advisors, LLC is privately held and solely owned by Sherry L. Bertner, who founded the firm in 2013.
Sherry Bertner, Chief Executive Officer of Bertner Advisors, commented, “Our team is thrilled to partner with Titan Medical. We look forward to working with management to design and execute an investor relations strategy that includes introducing the Titan story to Wall Street.”
John Hargrove, Chief Executive Officer of Titan, said, “We believe Bertner Advisors will enable us to extend our investor reach and to build awareness on Wall Street. The Firm is a perfect fit for Titan as we continue to move closer to commercialization of the SPORT™ Surgical System and will enhance a great team, a great technology and a tremendous opportunity.”
The agreement for the engagement of Bertner Advisors will commence on July 7, 2014 for a term of 36 months. Bertner Advisors will be paid fees of US$20,000 per month for its services, with an annual increase of 5% on such monthly fee. An additional fee of six times the monthly fee shall be paid to Bertner Advisors in the event that a merger, acquisition, consolidation, or other transaction occurs, pursuant to which all or substantially all of the stock, assets, or other interests in Titan are sold or otherwise conveyed, and such transaction results in a new person or entity obtaining a fifty percent (50%) or greater ownership interest in or control over Titan.
The Company’s current investor relations and financial communications services contract with Brooks Communications will end effective on June 30, 2014. Titan would like to take the opportunity to thank Beverly Brooks for her services to the Company.
About Bertner Advisors, LLC
Founded by Sherry Bertner, Bertner Advisors, LLC is a financial communications consulting firm providing strategic investor relations services to health care companies. For more information, visit http://bertneradvisors.com/.
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