TMM, Inc.: Charles Wright Joins Advisory Board
May 23 2012 - 9:30AM
Marketwired
TMM, Inc. (PINKSHEETS:TMMI) ("TMMI" or the "Company") is pleased to
announce that Charles F. Wright, who has a long distinguished
career in founding and managing diverse business interests, has
joined the Company's Advisory Board.
Mr. Wright is Co-Chairman of the Fall River Group, Inc. (a
manufacturing company in Wisconsin) and has been associated with
the Fall River Group since 1973. He currently serves on the board
of Prolitec, Inc. From 1992 to 1997, he served as chairman of
Caribbean Communications Company Ltd. ("CCC"). During this time,
CCC continued building and operated a radio network throughout the
English-speaking Caribbean Islands. In 1997, Cumulus Media, (which
was a start-up venture of Quaestus & Co. Inc.) (CMLS) acquired
CCC. Since October 1991, he has also been the chairman and co-owner
of Questus & Co., Inc., a venture capital firm located in
Milwaukee, Wisconsin. He served as chairman and co-owner of
Kilbourn Capital Management LLC, which manages the Kilbourn
Diversified Strategy Fund, a hedge fund of funds, from March 2003
through October 2005. Mr. Wright was a founding member of Fall
River Capital, LLC. He recently retired from the TradeStation Group
(TRAD) Board, after having served for over 10 yrs, following its
recent sale to the Monex Group.
During the 1980s, Mr. Wright was an IOM member of the Chicago
Mercantile Exchange and actively day-traded S&P futures. He
served as editor of the System Trading and Development Newsletter,
published by Omega Research, Inc. He has taught several different
trading seminars over the years, including System Trading and
Development, and Trading as a Business. Mr. Wright served as
president of the Private Industry Council of Milwaukee County from
June 1996 through September 1997. The Private Industry Council was
responsible for implementing and overseeing "Wisconsin Works" or
"W2", Wisconsin's innovative welfare reform program, in Milwaukee
County, Wisconsin during his tenure as President.
In the non-profit sector, in 2005 he stepped down as chairman of
Goodwill Industries of Southeastern Wisconsin and Metropolitan
Chicago, after having served on its board for 24 years, and
currently serves on the board of the Second Harvest Food Bank
Foundation. He is a past commissioner of the Milwaukee Social
Development Commission, and a previous member of the Greater
Milwaukee Committee. He served on the board of the University
School of Milwaukee and the Good Hope School in St. Croix, U.S.
Virgin Islands. In the private sector, Mr. Wright served as a
director of U-Line Corporation for over 20 years. Uline
manufactures built-in, undercounter ice making and refrigeration
products.
Mr. Wright holds a Bachelor of Arts degree from the University
of South Florida and a Master's Degree in Business Administration
from Harvard Business School.
Mr. Wright is the author of the book, Trading as a Business,
published by Omega Research, Inc. (1998).
TMM, Inc. is continuing development of its TRUDEF(TM) Fractal
Video compression technology making it commercially viable to meet
the growing demands of the high-definition video market. Charlie
Wright will offer guidance to the Company in significant corporate
matters, including financing of the Company's endeavors.
ON BEHALF OF THE TMMI BOARD OF DIRECTORS OF TMM, INC.:
GERARD V. CAVANAUGH, CHAIRMAN AND PRESIDENT
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.
Contacts: Via Mail: TMM, Inc. 118 School Road Wilmington, DE
19803 TMM, Inc. Gerard V. Cavanaugh Chairman and President 1 302
476-2288info@tmmi.us www.tmmi.us
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