NEW YORK, June 18, 2018 /PRNewswire/ -- Seven Stars
Cloud Group, Inc. (NASDAQ: SSC) ("SSC" or the "Company"), announced
today the hiring of Mr. Richard
Frankel and Mr. Manuel Ron to
oversee the Company's Digital Advisory Services subsidiary, Red
Rock Global Capital Ltd. Mr. Frankel will be Chairman &
CEO of Red Rock and Mr. Ron will
be Chief Operating Officer.
Red Rock Global Capital Ltd ("Red
Rock"), a wholly owned subsidiary of the Company, is a part
of SSC's global partner sales and monetization network that enables
the unlocking of value through tokenization, securitization, and
fractionalization of assets into digital form. Mr. Frankel
and Mr. Ron, via Red Rock, will
provide advisory services, to further enhance SSC's
blockchain-based financial solutions and Initial Exchange Offering
(IEO) platform, across various industry verticals.
Mr. Frankel and Mr. Ron will serve as lead advisors, executives,
and operators of Red Rock, in
support of SSC's overall strategy to become the world leader in the
creation and ownership of digital assets. Red Rock will focus on identifying
monetization opportunities for SSC's digital asset focused
operating activities.
Mr. Richard M. Frankel, a
graduate of Ithaca College and
Quinnipiac Law School, served for more than 25 years in public
service, the majority of his career with the Federal Bureau of
Investigation (FBI). Mr. Frankel led several FBI field
divisions as the Special Agent In-Charge and also directed
multi-agency initiatives and major response to threats against
persons and property, while developing extensive liaison programs
through outreach to entities in the public, private, academic and
non- profit sectors, as well as with community groups. He
currently serves as Counsel at Ruskin Moscou Faltischek P.C., where
he focuses on Cybersecurity and White-Collar Crime &
Investigations. Additionally, Mr. Frankel is an on-air
contributor for ABC News in the area of Law Enforcement, Terrorism,
and Intelligence.
Mr. Manuel D. Ron has
participated in many international and domestic financial and
business transactions either as an entrepreneur, principal
investor, advisor, or capital arranger. Mr. Ron has served as
Managing Director of Griffin Investment Management LLC, a
New York subsidiary of UK-based
Griffin Securities plc, and a Co-Manager of the Griffin Crossover
Fund which focused on making private investments in public and
private companies. Previously, he was the Chief Operating
Officer of New York based DC Asset
Management LLC where he helped launch the DC Opportunity Fund LLC,
a hedge fund investing in the private securities of public U.S.
companies.
Mr. Ron earned a Juris Doctorate from the St. John's University School of Law and an M.B.A.
in Finance from New York University's
Leonard N. Stern School of
Business.
SSC Chairman & CEO Bruno Wu,
stated, "Mr. Frankel's breadth of experience across regulatory,
compliance, intelligence, and investigative matters will be of
great value to SSC and will allow the Company to leverage and
capitalize on his public and private sector networks across
blockchain-related market opportunities. Mr. Ron's 25 years
of experience in the financial, investment, and venture capital
space will allow SSC to rapidly expand its portfolio of Digital
Finance products and market opportunities across, while
capitalizing on the securitization of assets that fit within SSC's
overall ecosystem. As the Company rapidly moves to create a
blockchain and AI powered ecosystem, and further extend its
strategic partnerships and distribution channels globally, both Mr.
Ron and Mr. Frankel's vast expertise and far-reaching networks will
be an important element to furthering SSC's strategy."
About Seven Stars Cloud Group, Inc.
(http://www.sevenstarscloud.com/)
SSC is aiming to become a next generation
Artificial-Intelligence (AI) & blockchain-powered, fintech
service company, focusing on digital asset production and
distribution. The Company facilitates and enables the
transformation from traditional financial markets into the asset
digitization era. SSC acts as the manager and service
provider of an ecosystem for securitization and digital currency
tokenization as well as trading system integration.
Safe Harbor Statement
This press release contains certain statements that may
include "forward looking statements." All statements other than
statements of historical fact included herein are "forward-looking
statements." These forward looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involve known and unknown risks
and uncertainties. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. You should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including those discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission
and available on its website (http://www.sec.gov). All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
CONTACT:
Jason
Finkelstein
VP, Investor
Relations
Seven Stars Cloud Group,
Inc.
212-206-1216
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SOURCE Seven Stars Cloud Group, Inc.