WILMINGTON, Del., – May 15th, 2017 - TMM, Inc. (OTC PNK: TMMI) ("TMMI" or "the Company") is pleased to announce the appointment of Mr. Paul B. Healy as President and Chief Executive Officer and Mr. Leonard J. DeRoma to the Board of Directors of TMMI. Mr. Healy has served on the TMMI Board of Directors since November 2016 and Mr. DeRoma has served on TMMI's Advisory Board since November 2012.
Paul B. Healy is an accomplished, established executive with entrepreneurial and financial skills. Having applied his skills in critically demanding business situations, he is experienced in the media/communications, financial services arenas, and public markets. He 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 Connexiti, 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 publicly 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 and 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.
Mr. Leonard J. DeRoma is a founding partner and Chief Financial Officer of the Invictus Group LLC, a bank advisory and data intelligence company. Invictus has created a complete series of proprietary analytics and a massive database for the analysis and comparison of banks. Invictus provides strategic planning and M&A strategy to numerous bank clients around the United States. He is also President and Chief Executive Officer of Wildwood Capital LLC, a consulting and business development firm that provides financial forecasting, planning, and IP licensing advisory to small and medium size companies.
Mr. DeRoma has spent the last 40 years in financial services in both corporate finance and fixed income trading. Prior to Invictus and Wildwood Mr. DeRoma spent 5 years at Citibank pioneering financial planning and forecasting for middle market companies. Subsequently he spent 5 years as SVP/Managing Director at Lehman Brothers creating term collateralized financing vehicles. At BZW (predecessor to Barclays Capital) Mr. DeRoma served as President of US fixed income including trading, sales, underwriting, research and derivatives and was responsible for global securities financing. Subsequent to Barclays Mr. DeRoma was appointed Senior Managing Director of fixed income for McDonald Investments and KeyCorp. Mr. DeRoma has served on the Board of Directors of the Bond Market Association, the Microcap Fund, and McDonald Investments, Inc. and has been a speaker on numerous financial topics in the US, Europe and Asia. In addition he serves on a number of advisory boards across several industries.
Mr. DeRoma holds a Bachelor of Science in Electrical Engineering from the Massachusetts Institute of Technology and a Masters in Business Administration from the Harvard Business School.
"We are pleased to be able to assist TMMI's transition to the next phase of its development. The Company's new technology provides unique solutions for many unmet needs in the image processing marketplace. Our focus is bringing this dynamic technology to the market and steering the Company's growth." – Joint statement by Paul Healy and Leonard J. DeRoma.
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.
TMM, Inc. (OTC PNK: TMMI) is a technology company headquartered in Wilmington, Delaware, specializing in digital video compression, video scaling and image management. Founded in 1990, the company is dedicated to improving bandwidth utilization and video image quality. TMMI develops digital video compression and scaling technologies that provide end-to-end workflow and distribution solutions for digital cinema; streaming media; cable TV; sports; mobile; intelligence, surveillance and reconnaissance; defense; security; medical imaging; space exploration; video game applications; training and distance learning.
TMMI has completed the development of new and distinctive digital compression and scaling technologies unrelated to its original fractal technology or any subsequent applications of that code. TMMI’s new non-fractal technology includes proprietary algorithms incorporated in provisional patent applications filed by TMMI in 2015. TMMI has been awarded one patent out of the five (5) patent applications filed involving its new technologies. As a result, TMMI is directing its resources to further developing, refining and integrating its superior new technologies in the market for a pending 2017 roll out.
The information in this release contains forward-looking statements which involve risks and uncertainties, including statements regarding the Company's capital needs, business strategy and expectations. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements, which may be identified by terminology such as "may," "should," "will," "expect," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential," "forecast," "project," or "continue," the negative of such terms or other comparable terminology. Readers should not rely on forward-looking statements as predictions of future events or results. Any or all of the Company's forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions, risks and uncertainties and other factors which could cause actual events or results to be materially different from those expressed or implied in the forward-looking statements. Factors may cause the Company's actual results to differ materially from any forward-looking statement. In addition, new factors emerge from time to time and it is not possible for the Company to predict all factors that may cause actual results to differ materially from those contained in any forward- looking statements. The Company disclaims any obligation to publicly update any forward-looking statements to reflect events or circumstances after the date of this document, except as required by applicable law.