Wilmington, Delaware – December 14, 2016 - 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 including 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.:
GERARD V. CAVANAUGH
CHAIRMAN AND PRESIDENT
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.
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.