NEW YORK, March 27, 2013 (GLOBE NEWSWIRE) -- Tommy G. Thompson, who served four terms as Governor of Wisconsin and served as the Secretary of Health and Human Services under President George W. Bush, has accepted an appointment as Chairman of the Board of Poliwogg Holdings, Inc. effective immediately. Gregory C. Simon, the CEO of Poliwogg, announced the appointment of Gov. Thompson today:
"Governor Thompson brings a wealth of experience to the Poliwogg team," said Simon, who collaborated with Thompson on global health issues as head of FasterCures. "Governor Thompson is one of the nation's leading advocates for the health and welfare of all Americans and we are gratified that he has agreed to lead our Board. All of us at Poliwogg look forward to working with Governor Thompson to develop innovative solutions to the healthcare and economic challenges facing American families, businesses, communities, states and the nation as a whole."
Tommy Thompson has devoted much of his life to public service. He was first elected to the Wisconsin State Assembly in 1966 and then served as Wisconsin's first four-term Governor from 1987-2001. He then joined the U.S. Cabinet as Secretary of Health and Human Services, holding the seat from 2001-2005. After leaving government service he became a senior partner at the law firm of Akin, Gump, Strauss, Hauer & Feld LLP from 2005 through early 2012. From 2005 to 2009 Governor Thompson was a senior advisor at the consulting firm Deloitte and Touche USA LLP and was the founding independent chairman of the Deloitte Center for Health Solutions. Governor Thompson currently serves on the Board of Directors of the following public companies: CareView Communications, Inc., as Chairman of the Board; Centene Corporation; C.R. Bard, Inc.; United Therapeutics Corporation; Cytori Therapeutics, Inc.; and, TherapeuticsMD, Inc.
"I am pleased to be working with Greg Simon again, and look forward to assisting him and Poliwogg founder Jeff Feldman on the launch of one of the most important developments in capital formation in the past 80 years," says Thompson. "I believe that the JOBS Act, which creates the ability for accredited investors to participate directly in the private economy and crowdfunding, will provide the fuel to fund the innovation economy and will put America back to work and drive a new prosperity."
Poliwogg is developing an online marketplace that matches emerging privately held companies with individual accredited investors. It will be an introducing broker/dealer as envisioned by the JOBS Act. Poliwogg's crowdfunding marketplace will go live once the SEC adopts funding portal rules and approves regulations governing this new and exciting means of capital formation for small- and mid-sized private companies. Poliwogg will initially focus its efforts on investment opportunities with innovative companies in healthcare and the life sciences, community-based businesses and projects, and in portfolios of high-yielding investment grade assets.
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Private investment marketing and other broker-dealer services are currently offered through a partnership with SDDCO Brokerage Advisors, LLC, member FINRA/SIPC ("SDDCO-BA"). Poliwogg and its affiliates are independent and unaffiliated with SDDCO-BA. All such services offered by Poliwogg-associated persons are done so in their capacities as registered representatives of SDDCO-BA.