NEW YORK - May 23, 2016 - FORM Holdings Corp. (NASDAQ: FH), a diversified holding company, today announced that Salvatore Giardina has been elected to the Company's Board of Directors where he will serve as Chair of the Audit Committee. "I am ...
NEW YORK - May 23, 2016 - FORM Holdings Corp. (NASDAQ: FH), a diversified holding company, today announced that Salvatore Giardina has been elected to the Company's Board of Directors where he will serve as Chair of the Audit Committee.
"I am pleased to have Salvatore join the Board of Directors as Audit Chair. We believe that Salvatore's extensive financial background, public accounting and practical management experience will be extremely beneficial as we continue to expand our business as a profitable holding company," said Andrew Perlman, Chief Executive Officer of FORM Holdings.
"I am honored to join the FORM Holdings Board of Directors as Chairman of the Audit Committee. This is an exciting time for the company and I look forward to being a part of its continued growth as a diversified holding company. I believe the company has an impressive management team and has solidified a strong foundation for future success," said Mr. Giardina.
Mr. Giardina has served as Chief Financial Officer of Pragma Securities LLC and its holding company, Pragma Weeden Holdings LLC, since 2009. From 2006 through 2008, Mr. Giardina served as S.V.P. and Chief Financial Officer of G-Trade Services LLC and ConvergEx Global Markets LLC. From 2002 through 2006, Mr. Giardina served as Vice President and Chief Financial Officer of Ladenburg Thalmann Financial Services Inc., the publicly-traded holding company of Ladenburg Thalmann & Co., Inc., where Mr. Giardina served as its Executive Vice President and Chief Financial Officer from 1998 through 2006 and as its Controller from 1990 through 1998. From 1983 through 1990, Mr. Giardina was an auditor with the national public accounting firm of Laventhol & Horwath. Mr. Giardina is also a director of National Holdings Corporation where he has served since 2012 and has been the chairman of its Audit Committee since 2013. Mr. Giardina is a certified public accountant and is Series 24 and Series 27 registered.
About FORM Holdings Corp.
FORM Holdings Corp. is a diversified holding company that specializes in identifying, investing in and developing companies with superior growth potential. FORM's current holdings include Group Mobile, Fli Charge, Infomedia and Intellectual Property Assets. Group Mobile is a provider of rugged, mobile and field-use computing products, serving customers worldwide. Fli Charge designs, develops, licenses, manufactures and markets wire-free conductive power and charging solutions. Infomedia is a leading provider of customer relationship management and monetization technologies to mobile carriers and device manufacturers. The Intellectual Property division is engaged in the innovation, development and monetization of intellectual property. To learn more about Form Holdings Corp., visit: www.FormHoldings.com.
This press release includes forward-looking statements, which may be identified by words such as "believes," "expects," "anticipates," "estimates," "projects," "intends," "should," "seeks," "future," "continue," or the negative of such terms, or other comparable terminology. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein. Factors that could cause actual results to differ materially include, but are not limited to: our inability to license and monetize our patents, including the outcome of litigation; our inability to monetize and recoup our investment with respect to patent assets and other businesses that that we have acquired or acquire in the future; our inability to develop and introduce new products and/or develop new intellectual property; our inability to protect our intellectual property rights; new legislation, regulations or court rulings related to enforcing patents, that could harm our business and operating results; unexpected trends in the mobile phone and telecom computing industries; our inability to raise additional capital to fund our combined operations and business plan; our inability to maintain the listing of our securities on a major securities exchange; general economic conditions and level of information technology and consumer electronics spending; the potential loss of one or more of our significant Original Equipment Manufacturer ("OEM") suppliers, the potential lack of market acceptance of our products; market acceptance, quality, pricing, availability and useful life of our products and services, as well as the mix of our products and services sold; potential competition from other providers and products; our inability to retain key members of our management team; our liquidity and other risks and uncertainties and other factors discussed from time to time in our filings with the Securities and Exchange Commission ("SEC"), including our Annual Report on Form 10-K for the year ended December 31, 2015 filed with the SEC on March 10, 2016. FORM expressly disclaims any obligation to publicly update any forward-looking statements contained herein, whether as a result of new information, future events or otherwise, except as required by law.
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Source: FORM Holdings Corp. via Globenewswire
Source(s) : FORM Holdings Corp.
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