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TMMI Expands Board and Announces New MembersWILMINGTON, Del., Dec. 14, 2016 /PRNewswire/ -- TMM, Inc. (OTC PNK: TMMI) ("TMMI" or the "Company") is pleased to announce the expansion of its Board of Directors from three to five and its new board members. The two new seats have been filled by Paul B. Healy and Pat Cory Arcadipane, both successful industry professionals with deep expertise in media, finance, business and entrepreneurship. Paul B. Healy is an accomplished, established executive with entrepreneurial and financial skills, experienced in the media/communications and financial services arenas, having applied his skills in critically demanding business situations. Mr. Healy is currently a partner in Gulfstream Limited, an independent New York and London based international risk management solutions and advisory services firm, serving private organizations in mergers and acquisitions and private equity. In addition to his extensive background in financial services, beginning at Chase Manhattan Bank as Vice President and Client Executive, Global Media and Telecommunications Group, Mr. Healy served as the President and CEO of Connexity, LLC, a leading supply chain analytics database/research company, sold to Bloomberg, LLC in 2010. Mr. Healy served for a decade as Executive Vice President, Corporate Development and Investor Relations with Hollinger International, Inc., at the time a leading publically traded international newspaper publisher with extensive media assets. These assets included the Telegraph in the UK, the Chicago Sun-Times, and more than 100 community papers in the Chicago area, and the Jerusalem Post among others. Mr. Healy led investor relations and all bank financing, investment banking relationships. He managed $7 billion in various bank/bond/equity and derivative facilities. Mr. Healy was the primary spokesman at various Equity and Bond conferences as well as to the media while overseeing the global budgeting process across all divisions and final corporate roll-up to assure debt and derivative compliance covenants during the growth of the company from a $100 million EBITDA to $450 Million successfully attracting and maintaining a blue-chip, value-oriented shareholder base. Pat Cory Arcadipane is a Certified Public Accountant and seasoned business executive with extensive development and finance experience ranging from entrepreneurial start-ups to Fortune 100 companies. Mr. Arcadipane has been responsible for many corporate functions inclding mergers and acquisitions; business re-engineering, R&D partnerships and joint ventures; manufacturing and corporate development; corporate finance and marketing. During his career he has been the catalyst for generating over $500 million in revenue and $ 200 million in cost savings. Mr. Arcadipane's entrepreneurial achievements include inventing a new, patented milk product for which he founded Milk-Made, Inc. and created the brand "Cool Cow". He launched the product in over 3,000 outlets, selling nearly every major supermarket chain in the New York Metro area. He also founded and served as CEO/CFO of Electronique, a manufacturer and distributor of mechanical and electrical components. Mr. Arcadipane's experience involves high profile companies serving as Director of New Business Development for the Advertising Solutions Group of Harris Corp.; the Vice President of Strategic Marketing Planning for the US Consumer Banking Group at Citicorp; and Director and Manager of Financial Planning and Analysis at RCA Records and Paramount Pictures respectively. While at Citicorp, Mr. Arcadipane created the first global Intranet Service Provider with automatic sign-on, browser, email and Boolean search features. Mr. Arcadipane currently serves as the Chief Operating Officer and Director of Millisecond Technologies Corp., where he developed and commercialized a new pasteurization technology that produces the first fresh milk product with a long shelf life that retains all of the nutrition and taste, currently preparing for market. "TMMI shareholders are truly fortunate that these two powerful leaders have joined the Board of Directors," said TMMI President, Gerard V. Cavanaugh. "They both bring decades of innovative leadership, practical vision and deep relationships that align perfectly with TMMI's mission to become the essential infrastructure technology for video applications throughout the world." "The Company will now escalate the marketing effort of the Company's new patent pending technology from the development stage to the rapidly expanding and diverse video marketplace." ON BEHALF OF THE TMMI BOARD OF DIRECTORS OF TMM, INC.: For more information, please visit the Company's Website at http://www.tmmi.us. About TMM, Inc. Safe Harbor Statement: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/tmmi-expands-board-and-announces-new-members-300377664.html SOURCE TMM, Inc. |