Richard Fox Joins TMMI Advisory Board
WILMINGTON, DELAWARE -- September 27, 2012 - TMM, Inc. (Pink Sheet: TMMI) ("TMMI" or "the Company") is pleased to announce the appointment of Richard M. Fox to its advisory board, effective September 15, 2012.
Mr. Fox is a Managing Director of Cross Atlantic Capital Partners of Radnor, Pennsylvania, a venture capital firm with $550 million under management. A venture capitalist with extensive co-investment experience in Software, Mobile/Wireless and Internet Technologies, he has in-depth expertise with a wide array of companies including NetSuite, Infoblox, ICG Commerce, R2 Technology, Navini Networks, and Interactions.
He is also currently an Adjunct Associate Professor at NYU in New York, conducting intensive credit seminars for domestic and international banking.
The former President of Penn Janney Advisory, he managed Penn Mutual''s direct venture capital investments and alternative asset portfolio as well as those of its wholly owned subsidiary, Janney Montgomery Scott. At Penn Janney, he served on the investment advisory boards of numerous alternative asset and private placement funds of over $300 million.
Prior to that, he managed an extensive portfolio of large U.S. corporate relationships as Vice President with PNC Financial Corp. He began his career with Chemical Bank''s (now JP Morgan Chase) Latin American Division where he managed a $300 million loan portfolio in Puerto Rico and was involved in a number of sovereign debt restructurings.
Mr. Fox is a 1977 graduate of the University of Connecticut (B.A) and Georgetown University (M.A.).
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.
Safe Harbor Statement
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.
118 School Road
Wilmington, DE 19803
--- end ---