Alliance MMA, Inc. Appoints Charles Miller, Long-Time Financial and Technology Executive, to Board of Directors
October 31 2018 - 8:15AM
Business Wire
Company Seeks to Expand Board’s Expertise in
Anticipation of Completion of SCWorx Acquisition
Alliance MMA, Inc. (NASDAQ: AMMA) announced the appointment of
Charles K. Miller to its Board of Directors, including its
Compensation and Audit Committees. The Board of Directors appointed
Mr. Miller because of his strong corporate governance, business
finance and technology expertise, all of which skills will be
essential upon completion of the Company’s previously announced
anticipated acquisition of SCWorx., Corp., a privately held
provider of data content and services related to the repair,
normalization and interoperability of information for healthcare
providers and big data analytics for the healthcare industry.
Mr. Miller has been a member of the board of directors of
Intercloud Systems, Inc., a publicly traded IT infrastructure
services company, since November 2012. In addition, he has, since
June 2017, acted as an independent business consultant. He was the
Chief Financial Officer of Tekmark Global Solutions, LLC, a
provider of information technology, communications and consulting
services, from September 1997 until June 2017. Since May 2017, he
has been a director of Notis Global, Inc., a diversified holding
company, in the industrial hemp industry, that manufactures,
markets and sells hemp derivative products such as cannabidiol
(“CBD”) distillate and isolate. Mr. Miller graduated from Rider
University with a Bachelor of Science in Accounting and an MBA. He
is a Certified Public Accountant and boasts more than three decades
of experience.
Alliance MMA’s President, John Price, expressed enthusiasm about
Mr. Miller’s joining the board, “Mr. Miller’s governance, finance
and technology expertise should greatly benefit our board’s
deliberations, particularly given our anticipated completion of the
SCWorx acquisition.”
About Alliance MMA, Inc.
Alliance MMA, Inc., is a professional mixed martial arts (MMA)
company which has scaled back its operations and is currently
focused on consummation of the SCWorx acquisition, as well as its
MMA promotion ticket solution, CageTix.
The completion of the SCWorx acquisition is subject to
satisfaction of a number of conditions, including shareholder
approval of the transactions by both companies, as well as Alliance
(and the combined company) maintaining listing on the NASDAQ
Capital Market.
Forward-looking Statements
This press release contains “forward-looking statements” that
involve substantial risks and uncertainties for purposes of the
safe harbor provided by the Private Securities Litigation Reform
Act of 1995. All statements, other than statements of historical
facts, included in this press release regarding strategy, future
operations, future financial position, prospects, plans and
objectives of management are forward- looking statements. Examples
of such statements include, but are not limited to, statements
relating to the structure, timing and completion of the proposed
acquisition of SCWorx, which may not be completed; the combined
company’s listing on Nasdaq after closing of the proposed
transaction; expectations regarding the capitalization, resources
and ownership structure of the combined company; the nature,
strategy, results, focus, growth, profitability and market
opportunities of the combined company; the executive and board
structure of the combined company; and expectations regarding
voting by Alliance MMA and SCWorx shareholders. Alliance MMA and/or
SCWorx may not actually achieve the plans, carry out the intentions
or meet the expectations or projections disclosed in the
forward-looking statements and you should not place undue reliance
on these forward-looking statements. Such statements are based on
management’s current expectations and involve risks and
uncertainties. Actual results and performance could differ
materially from those projected in the forward- looking statements
as a result of many factors, including, without limitation, risks
and uncertainties associated with shareholder approval of and the
ability to consummate the proposed transaction through the process
being conducted by Alliance MMA and SCWorx, the ability to project
future cash utilization and reserves needed for contingent future
liabilities and business operations and the availability of
sufficient resources of the combined company to meet its business
objectives and operational requirements.
The forward-looking statements contained or implied in this
press release are subject to other risks and uncertainties,
including those discussed under the heading “Risk Factors” in
Alliance MMA's Annual Report on Form 10-K for the fiscal year ended
December 31, 2017, filed with the Securities and Exchange
Commission (SEC) and in subsequent filings with the SEC. Except as
otherwise required by law, Alliance MMA disclaims any intention or
obligation to update or revise any forward-looking statements,
which speak only as of the date they were made, whether as a result
of new information, future events or circumstances or
otherwise.
No Offer or Solicitation
This communication shall not constitute an offer to sell or the
solicitation of an offer to sell or the solicitation of an offer to
buy any securities, nor shall there be any sale of securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
A proxy statement and a proxy card will be filed with the SEC
and will be mailed to Alliance MMA’s shareholders seeking any
required shareholder approvals in connection with the proposed
transactions. Before making any voting or investment decision,
investors and shareholders are urged to read the proxy statement
(including any amendments or supplements thereto) and any other
relevant documents that Alliance MMA may file with the SEC when
they become available because they will contain important
information about the proposed transactions.
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version on businesswire.com: https://www.businesswire.com/news/home/20181031005261/en/
Alliance MMA, Inc.John Price,
Presidentjprice@alliancemma.com
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