Equus Total Return, Inc. Announces Appointment of Kenneth I. Denos as Chief Executive Officer and Brett M. Chiles as Secretary
August 10 2007 - 6:54PM
PR Newswire (US)
HOUSTON, Aug. 10 /PRNewswire-FirstCall/ -- Equus Total Return, Inc.
(NYSE:EQS) ("Equus" or the "Fund") today announced that on August
10, 2007, the Fund's Board of Directors appointed Kenneth I. Denos
as the Fund's Chief Executive Officer. Mr. Denos served as
Executive Vice President of the Fund and is presently the Chief
Executive Officer of MCC Global NV ("MCC"), an international
strategic, financial advisory and investment services company. MCC
trades on the Frankfurt Stock Exchange. From 2001 to 2006, Mr.
Denos served as the Executive Vice President and General Counsel of
Moore, Clayton & Co., Inc., a wholly-owned subsidiary of MCC.
During his tenure at MCC, he was responsible for worldwide mergers
and acquisitions, legal and compliance issues, and served as a
member of the investment committee. From 2006-2007, he served as a
director of Tersus Energy PLC, a clean energy operating and
investment company traded on the Alternative Investment Market
("AIM") of the London Stock Exchange. From 2005-2006, he was a
director of Healthcare Enterprise Group PLC, a healthcare products
distribution and investment company traded on the AIM. Mr. Denos
has worked with a number of private and public small cap companies,
assisting in the areas of corporate finance, strategic and legal
services and corporate governance. Anthony Moore, Equus Co-Chairman
and President said, "I am delighted with the appointment of Ken
Denos as CEO. Having worked with Ken for several years both at MCC
Global and Equus, I believe the Fund will benefit from his
expertise and experience in the financial services and investment
industry." The Fund's Board of Directors also appointed Brett M.
Chiles as the Fund's Secretary. Since 2005, he has served as
Assistant Vice-President of Moore Clayton Capital Advisers, Inc.
("MCCA"), the Fund's registered investment adviser. Prior to
joining MCCA, Mr. Chiles served as Internal Wholesaler for AIM
Investments from 2000-2003 and he obtained an MBA from Rice
University. Equus is a business development company that trades as
a closed-end fund on the New York Stock Exchange, under the symbol
"EQS." Additional information on Equus may be obtained from its
website at http://www.equuscap.com/. This press release may contain
certain forward-looking statements regarding future circumstances.
These forward-looking statements are based upon the Company's
current expectations and assumptions and are subject to various
risks and uncertainties that could cause actual results to differ
materially from those contemplated in such forward-looking
statements including, in particular, the risks and uncertainties
described in the Company's filings with the Securities and Exchange
Commission. Actual results, events, and performance may differ.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as to the date hereof.
The Company undertakes no obligation to release publicly any
revisions to these forward-looking statements that may be made to
reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events. The inclusion of any
statement in this release does not constitute an admission by the
Company or any other person that the events or circumstances
described in such statements are material. CONTACT: Brett Chiles
(713) 529-0900 DATASOURCE: Equus Total Return, Inc. CONTACT: Brett
Chiles of Equus Total Return, Inc., +1-713-529-0900 Web site:
http://www.equuscap.com/
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