WASHINGTON--(BUSINESS WIRE)-- Rounder Inc. (Pink OTC Market: RNDR) Welcomes Thomas J. Parilla.
Thomas J. Parilla has been named the new President of Rounder Inc., and has also accepted a seat on its Board of Directors. With nearly 20 years of international and domestic blue chip experience, in both the retail brokerage and investment banking sectors, Mr.Parilla brings a wealth of Wall Street knowledge to the Rounder family.
Mr. Parilla is charged with leading Rounder, Inc. through its transitional period, and will assist the company in locating and closing quality acquisitions. This will provide the company with both growth potential, and the ability to attract proper funding to strengthen its balance sheet. Mr. Parilla was quoted as saying "It's a new day at Rounder, Inc. and I pledge 100% of my efforts to create a well-run and efficient company that will be strictly run from the top with great strength and determination. I believe that, over time, we'll create something here that all of us - both management and shareholders alike - can be proud to be a part of. My top priority is creating a great company that produces legitimate shareholder value."
Mr. Parilla also stated that, "Under my direction, effective immediately, Rounder, Inc. will quickly become a much more transparent company. Its shareholders will be treated accordingly. Three of my directives will go into effect immediately: First: Rounder Inc. will seek new SEC counsel as Andrew Stack has resigned as corporate counsel. Second: Rounder, Inc. will begin a weekly conference call between shareholders and Rounder management. In order to reserve your spot on next week’s conference call, simply call our IR firm, Sterling Capitol, to reserve your spot; Third: All incoming investor calls will be returned within 24 hours, either by our IR firm, Sterling Capitol, or by the management of Rounder, Inc."
Mr. Parilla graduated from Mercyhurst University in Erie,Pa in 1988 and his ties to the university remain close to this day. He currently serves on its Board of Trustees Investment Committee. He has been featured multiple times in magazines, and also was the economics expert featured on a CBS morning segment entitled “Ask the Experts". Born and raised in the small steel and coal town of Mineral Ridge, Ohio, Mr. Parilla learned the value of a strong work ethic at an early age. This work ethic will help to create a successful management team at Rounder, Inc.
In closing, Mr. Parilla stated, "This company is moving forward. It will be set on a course to prosper long-term and, as soon as possible, will begin efforts to qualify for trading on the OTCBB. This may take a few months to accomplish. In this way, we will once again make this company a stable platform for growth."
This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly revise any forward-looking statements.
Source: Rounder Inc.