Equus Resources Announces Advisory Board
Thursday January 19, 4:30 pm ET
ATLANTA, GA--(MARKET WIRE)--Jan 19, 2006 -- Equus Resources, Inc. (Other OTC:EQUR.PK - News) ("Equus") today announced the formation of a financial services advisory board and named Marty Zell, Joe Stingone, Tim Betros, and Bert Watson, Jr. as the initial advisory directors.
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Marty Zell, after a highly successful career in business and finance, including Government guaranteed lending and the secondary mortgage market, retired in 1998 to manage personal and family investments. During the 1970s and 1980s, Marty was a financial consultant and advisor to a dozen community banks in Virginia regarding processing, funding and servicing government guaranteed loans. Prior to retiring, Marty also served for several years as President and CEO of the Business Loan Center, one of the first of a small group of non-bank lenders in the SBA loan program.
Joe Stingone has enjoyed a distinguished career in the insurance, real estate and financial services industries. During his 33 year tenure with Prudential Insurance Company, he held several executive and management positions. As Vice President-Regional Marketing, Joe was in charge of 1200 employees in Alabama, Florida and parts of Georgia, and he remains today the only V.P. of Prudential to capture the prestigious President's Trophy (# 1 in the world) 8 times. Joe is currently President and CEO of an office complex developer in Jacksonville, Florida and a Director of Sunset Financial Services, a NYSE mortgage company. Joe has also served as Chairman and CEO of a high-end Florida homebuilder and the Chairman of a 280 branch residential mortgage company.
Tim Betros has over 20 years experience in the construction, real estate and mortgage industries. He is currently the owner and operator of a Florida-based residential and commercial construction company, as well as the owner and operator of one of north Florida's largest residential mortgage brokers. Tim is also a partner in a large Florida-based real estate company and the partner and manager of a title company and has served as regional and district manager for several wholesale and retail mortgage companies.
Bert Watson, Jr. has had a highly successful career in the securities industry as an investor, trader and market maker. Bert founded and currently owns and operates a privately held investment firm in Michigan. Previously, he was a Managing Director of UBS Investment Bank in charge of all trading, risk management and market-making activities in the telecommunications, networking and cable sectors. Bert has degrees in Finance and Computer Information Systems from James Madison University and is a general securities principal, holding Series 7, 24, 5 and 63 licenses from the NASD.
In making this announcement, Steve Cunningham, Chairman of Equus, commented: "Some may find it surprising that our relatively small company can attract such a stellar group of individuals to our advisory board. It is really not surprising, however, when you look not at where Equus is today, but where we plan to be tomorrow. Their willingness to become active participants in our growth (with the emphasis on 'active') is a clear indication to me that they see the big picture of our future (with the emphasis on 'big'). It also validates our vision of making Equus the preferred single source provider of financial services to mainstream America."
Randy Harris, President, added: "With over a century, collectively, of experience and knowledge in all aspects of the financial services industry and with innumerable contacts in that industry, this new Advisory Board represents an incredible resource for our management team to draw upon in shaping our strategies and achieving our goals. And, of utmost importance, each individual has the highest standards of integrity and is the quality type person that we want and need representing and advising our company."
All of the advisory board members expressed enthusiasm and excitement to be associated with Equus and see a very bright future for the company.
In other news, Equus announced plans to institute an education advisory board in the near future to provide input and advice regarding its educational and training services.
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