Williamsville Sears Adds More Members to Its Board

NEW YORK, April 09, 2018 (GLOBE NEWSWIRE) -- Williamsville Sears Management Inc. (OTC Pink:WSML) (“WSML” or the “Company”) is pleased to announce that it has appointed two new members to its board of directors, effective May 1, 2018.

The new board members are:

  • Mr. David A. Smith: currently President at Palewater IAC Accoustics, Inc.
  • Mr. Yen Chew: former Budget Officer at Federal Home Loan Bank of Atlanta.

The Chairman of the Board of Williamsville Sears Management Inc., Mandla J. Gwadiso: “We plan to swiftly start putting together proper governance processes that will help us in our growth plans. This will make us transparent and accountable to our shareholders; I welcome the new addition to our Board.”

About David A. Smith

David is a non-executive director of Williamsville Sears Management Inc. He is a Senior Level Executive, Business Leader and Strategic Advisor with an extensive breadth of experience across private equity, fortune 500 and Family Owned Organizations in complex manufacturing operations, high-growth, turnaround and resource challenged environments. He is a highly engaged and respected business leader who draws upon a background in engineering, manufacturing and organizational development as well as deep knowledge of capital markets, private equity, strategic planning, change management and turnaround operations.

Thought leader with a successful track record of conceptualizing, developing and executing value creation roadmaps and business models that accelerate revenue growth, altering the trajectory of a business and maximizing shareholder return. Partners a rigorous understanding of critical business drivers with an enterprising approach to transform strategy and execution into measurable, repeatable processes with top and bottom line impact.

Successful track record as a growth and strategic leader at these World Class Companies. Before Williamsville, he was the President of IAC ACOUSTICS, a company he cofounded. Before that he was the President & CEO of The Money Corporation a Private Family office, he also served as the President & CEO of Optellios, Inc, EMS Technologies, Inc and lastly as a CEO and Managing Director of an Australian Private Equity firm, Metal Storm, Inc.

Mr. Smith graduated from the United States Naval Academy with a Bachelor of Science degree in Mechanical Engineering. He then went into Naval Aviation where he flew a number of Navy Tactical and Surveillance aircraft. After the Navy, Mr. Smith started a business career at the General Electric Company. Whilst there, he held various management positions and was appointed to Senior Program Manager while managing the US $2 billion Combat System for the SEAWOLF Submarine. Mr. Smith left General Electric Company to become the Executive Vice President of Operations for Amphenol, a US $1 billion Global Electronic connector manufacturer. In this capacity, Mr. Smith managed all of Amphenol’s North American operations (5 locations with over 3.5 million Sq Ft of manufacturing operations).

Mr. Smith also holds an MBA from Syracuse University and was an Entrepreneurial Fellow at the University of Pittsburgh. He presently lives in the Chicago, IL metropolitan area.

About Yen Chew

Yen is a non-executive director of Williamsville Sears Management Inc. He is a 20 year business professional with expertise in finance, operations, logistics and business intelligence. Most recently Yen served as the Budget Officer and Banking Officer at Federal Home Loan Bank of Atlanta (FHLB Atlanta).

Prior to FHLB Atlanta, Yen has worked in media and telecommunication industry for 15 years with Fortune 50 companies such as Comcast, Verizon and AT&T. He has extensive experience in strategic planning, financial analysis, business planning, customer service, operations improvement and digital transformation.

Yen is a veteran of the United States Navy and a Lieutenant in the Navy Reserve. He is currently serving as logistic planner with U.S Navy 6th Fleet in Europe and North Africa. Yen speaks Cantonese, Mandarin and Malay language and has regional expertise in South-east Asia, Singapore and Malaysia, Europe and East Africa. Yen earned a MBA in Financial Management from Manchester Business School, United Kingdom. He is also a graduate of the U.S Navy Supply School and U.S Naval War College.

About Williamsville Sears Management Inc.
Williamsville Sears Management is a diversified holding corporation that was formed by Mandla J. Gwadiso. The group operates its own assets through a range of subsidiary companies up under its purview. The group’s primary focus is in real estate, mining, media, transportation, entertainment and technology. The group uses vertical integration as a strategy of diversification and growth. The group plans to grow through acquisitions in Africa, United Kingdom and the United States.

Williamsville Sears Management actively seeks a select portfolio of high-calibre strategic subsidiaries which it acquires based on market trends and their ability to deliver strong returns to shareholders whilst enhancing the communities in which the investments are located. www.williamsville.us

Forward-Looking Information:
Cautionary Note:
The statements in this press release constitute forward-looking statements within the meaning of federal securities laws. Such statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, such forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Potential risks and uncertainties include, but are not limited to, technical advances in the industry as well as political and economic conditions present within the industry. We do not take any obligation to update any forward-looking statement to reflect events or developments after a forward-looking statement was made.

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Source:Williamsville Sears Management Inc