Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - Bonds.com Group, Inc. | bonds-8k_0301.htm |
| EX-10.1 - LETTER AGREEMENT - Bonds.com Group, Inc. | ex-10_1.htm |
Exhibit
99.1
Bonds.com
Group, Inc. Announces Management Changes;
Elects
New Director to its Board
Boca
Raton, Florida (Marketwire – March 4, 2010) – Bonds.com Group, Inc. (OTC.BB:
BDCG) announced today that John J. Barry, IV, the company’s founder,
has assumed the role of Vice Chairman and Chief Strategic Officer. In
his new role, Mr. Barry will focus his efforts on the company’s strategic growth
and build a core team to target specific clients and business
opportunities. Michael Sanderson, formerly the Chief Operating
Officer of our New York, New York office and BondStation Pro line of business,
has assumed the role of Chief Executive Officer. Prior to joining the
company, Mr. Sanderson served as Executive Director of Laidlaw & Company
(UK) Ltd., an investment banking and advisory firm. He began his
career at Merrill Lynch where he spent 23 years in roles including serving as
Chairman and CEO of Merrill Lynch Canada. Subsequent to his years at
Merrill Lynch, Mr. Sanderson was CEO of Instinet, Inc. and later became Chairman
& CEO of Reuters Americas.
“We are
very pleased to have John focusing all of his efforts on strategic growth and
key sales efforts, and to have Michael Sanderson, a well-known and experienced
financial industry executive, filling the role of Chief Executive Officer,” said
Edwin L. Knetzger, III, Co-Chairman of the company’s Board of
Directors.
Additionally,
the company announced that Jeffrey M. Chertoff has joined our Board of Directors
and will chair our Audit Committee. Mr. Chertoff is a highly
experienced financial industry executive. He currently serves as a
Managing Director and Chief Financial Officer of Stonecastle Partners LLC, an
asset manager with over $3.1 billion under management that focuses its
investments on U.S. community banks. Prior to joining Stonecastle
Partners, Mr. Chertoff served as Chief Financial Officer of Labranche & Co
Inc. (NYSE: LAB), Cantor Fitzgerald-ESpeed, Inc. (NASDAQ: ESPD) and Daiwa
Securities America, Inc. Mr. Chertoff also is a past President of the
Financial Management Division of the Securities Industry Association (now known
as SIFMA).
To be
added to the Bonds.com investor email list, please email investorrelations@bonds.com
with BDCG in the subject line.
About
Bonds.com Group, Inc.
Bonds.com
Group, Inc. (OTC.BB:BDCG - News), through its subsidiary Bonds.com, Inc., serves
institutional fixed income investors by providing a comprehensive zero
subscription fee online trading platform. The company designed the BondStation
and BondStationPro platforms to provide liquidity and competitive pricing to the
fragmented Over-The-Counter (OTC) Fixed Income marketplace.
The
Company differentiates itself by offering through Bonds.com, Inc. an inventory
of over 35,000 Fixed Income securities from more than 175 competing sources.
Asset classes currently offered on BondStation and BondStationPro, our Fixed
Income trading platforms, include municipal bonds, corporate bonds, agency
bonds, certificates of deposit (CDs), emerging market debt, structured products
and U.S. Treasuries.
This
press release includes forward-looking statements. These statements relate to
future events (including John J. Barry, IV’s new role and future efforts), and
involve known and unknown risks, uncertainties and other factors that may cause
actual events to be materially different from any events expressed or implied by
these forward-looking statements. Such risks include the risk that
the parties are unable to negotiate and agree upon a definitive new employment
agreement for Mr. Barry, in which case Mr. Barry might not continue on as an
employee of the Company. You should not place undue reliance on
forward-looking statements since they involve known and unknown risks,
uncertainties and other factors. We assume no obligation to publicly
update or revise these forward-looking statements for any reason, or to update
the reasons actual events may differ materially from those expressed or implied
in these forward-looking statements.
Bonds.com
Investor Relations Website: http://ir.bonds.com.
CONTACT:
Bonds.com
Group, Inc.
Christopher
G. Loughlin
Chief
Operating Officer
(877)
880-BDCG (2324)
cloughlin@bonds.com
www.bonds.com