Global Triad Names Board of Directors and Officers
MIAMI, FL (ots)
Global Triad, Inc. (OTC: GTRD) a publicly traded company currently on the OTC Pink Sheets, announced today the full slate of directors and officers of the corporation. As their biographies indicate, each Director and Officer brings unique skills and qualifications to the task of operating Global Triad and its subsidiaries for the benefit of its shareholders.
Mr. John Medico Chief Executive Officer Chairman of the Board
Mr. Medico is the C.E.O. of Global Triad, Inc. He brings more than 25 years of business experience with international expertise in the areas of executive management, operations, finance, materials and logistics. He is a registered Professional Industrial Engineer and has a BS Degree in Industrial Engineering and a Masters in Business Administration. He has served as the CEO of a NASDAQ listed business software company, as Director of Operations and General Manager for oil companies in the Middle East, and as Vice President of Operations for a high-volume/hi-tec electronics manufacturer. Mr. Medico has significant business contacts in Asian and American manufacturing circles, which will benefit the Company through lower costs for key customer location hardware and set-top boxes. He is thoroughly familiar with International Procurement and Contracts Administration, Mergers & Acquisitions, Consolidations and International Distribution.
Anthony Mellone Sr. President
DirectorMr. Mellone has enjoyed a successful career in the construction industry since 1964. Mr. Mellone has held the positions of owner and supervisor of Custom Builders of San Fernando Valley California. Mr. Mellone was involved with such projects as designing and constructing Universal Studios California theme park, designing and constructing Goldwin studios sound stages, and prop sets for many other large film studios.
Mr. Anthony Mellone Jr. Executive Vice President
DirectorMr. Mellone is the founder of Global TV, Inc., "MILLENNIUM ENTERTAINMENT Group, and "Third Coast Teleproductions." He has been the driving force in the company for the development of a breakthrough design for the worldwide delivery of high speed Internet services and video on demand. Over the past few years Mr. Mellone, Jr., has designed and implemented the engineering of the revolutionary RF VideoMagic video card that will permit the transmission of DVD quality video entertainment to private residences and business locations. This proprietary technology has been successfully integrated into existing technology to insure production quality, scalability, and low cost. Integrating existing technologies by creating technical enhancements is core to Mr. Mellone Jr.'s commitment. Standardization and economies of scale are necessary for low cost delivery systems to reach the home and small business market. Mr. Mellone, Jr. is an accomplished inventor, starting at a very young age by designing and developing the Hydro Ski Disc, the Hydro Skimmer, and his own wet suit line for the water ski industry. In his capacity as Executive Vice President, he will continue to create and research promising technologies and opportunities for the Company. Mr. Mellone has more than 20 years of experience in the entertainment industry. He has numerous key contacts in the film industry and will be a key resource for negotiating and acquiring product for video on demand. His technical experience will lend itself to the future deployment of video games on demand, using the same platform as VOD. Once again his contacts and understanding of the technology and delivery system will be a strong advantage for the company by making its product offerings timely and exciting. Mr. Mellone, Jr. has also been involved in various film productions including "Scar Face", "Lethal Weapons III", "Dukes of Hazards", "Magnum PI", "Terminator 1 & 2" and "The Thornbirds." He has also taught film safety methods for performers, and been involved in production, coordination, and filming. He is an accomplished motion picture and video photographer, with numerous credits.
Mr. Tom Terwilliger Chief Technology Officer
DirectorMr. Terwilliger has over 25 years to telecommunications experience. Mr. Terwilliger has founded and sold many start-up businesses to publicly traded companies such as MCI, Times Mirror Publishing, ICG Corp., and Espire. He has been president of an Association of Long Distance Telephone Companies for 13 years. He has served on the President's Oversight Committee of the U.S. Small Business Administration for Telecommunications. He is well known on Capital Hill for his involvement with telecommunications issues. Mr. Terwilliger has for many years operated a research and development company specializing in telecommunications technologies including data, voice and video. His technology has been deployed in the U.S., Mexico and in many countries in Latin, South and Central America. Currently he sits on the boards of various Internet, Telephone and R&D companies.
David Levine Director
Mr. Levine has 18 years of business experience and is an entrepreneur. Mr. Levine primary focus has been on production and internal operations in the Real estate sector of the business world. Mr. Levine's has managed and staffed Wholesale and Retail mortgage facilities. He has managed the operations staff for Real estate offices in Florida. He is currently Vice President of Mortgage Operations for Financial Freedom Investment Group Inc. He is responsible for the production, marketing, and implementing ongoing quality control of the retail mortgage operation. Mr. Levine overseas all Commercial projects from inception to completion. He is also responsible for establishing guidelines and protocols for their wholesale and hard equity product as well as establishing and maintaining secondary market relationships with investors. Mr. Levine has served on the Board of Directors of the Florida Association of Mortgage Brokers both on a local and state level. He has lobbied both on a State and Federal level on behalf of the organization. He is also a Past President of the Gold Coast Chapter of the FAMB in Broward County.
Tom Smith Chief Financial Officer
A degreed professional and highly experienced accounting and corporate finance manager with 22 years experience in small to large sized organizations. Extensive experience in multi-unit financial statements consolidations and SEC reporting. Mr. Smith's duties and Experience consist of: Directing enterprise-wide budgeting processes; preparing all period-ending closing adjustments; preparing all financial reports, including SEC, Tax and Internal Performance Variance; preparing all SEC Section 16 reports; preparing all cash flow forecasts and analysis reports; preparing/completing all business plans, requests for funding, and all associated Loan Documents, Promissory Notes, Mortgage and Security Agreements, Convertible Debenture Agreements, Stock Purchase Agreements, Registration Rights Agreements, and Warrants and Options Agreements and favorably negotiating all business points thereof; performing internal audit; and performing all M&A financial due diligence/audit and preparing business valuations on targeted M&A candidate companies. Accomplishments include: Designed and prepared the strategic merger/acquisition plans and favorably negotiated all business points that facilitated the value-added, vertical integration consolidation of separate operating entities under the public parent company which resulted in an immediate 37% increase in consolidated top-line revenues; prepared all integration plans and directed all post-closing systems integration management resulting in a seamless, under "Integration Budget" consolidation; designed, implemented and directed formal enterprise-wide operating budget process with strict direct cost controls that produced a 15% increase in enterprise-wide Gross Profit, which when combined with the above consolidation and with strict overhead budget adherence, resulted in a significant turnaround to profitability and an increase in earnings per share of 1,100%; arranged for, negotiated all business points, and drafted all legal agreements related to $32 million in favorable debt/debt-restructuring/equity/convertible funding and equity transactions; reduced monthly closing from 38 days to 10 days, and directed efforts of outside auditors and SEC legal counsel resulting in timely completion of audits and a 35% reduction in audit and SEC legal fees.
Jay Wright Officer / Secretary
Jay O. Wright received his Bachelor of Science degree in Business Administration summa cum laude from Georgetown University in 1991. He then studied law at The University of Chicago where he received his Juris Doctor degree in 1994.
After graduation from law school, Jay practiced corporate law, specializing in mergers and acquisitions, first with Foley & Lardner in Chicago and then with Skadden, Arps, Slate, Meagher & Flom in New York. He then worked as an investment banker with Merrill Lynch & Co.
From 1999 to 2001, Jay served as Chief Financial Officer of SPEEDCOM Wireless Corporation, a fixed wireless equipment manufacturer, where he led the process by which SPEEDCOM became a publicly traded company on the Nasdaq Stock Market. After leaving SPEEDCOM, Jay served as Chief Financial Officer of TAMSCO, a $115 million revenue government IT services provider where he successfully led the sale of the company to Engineered Support Systems, Inc., a Nasdaq listed company.
Jay currently is President and Chief Executive Officer of MobilePro Corp., a wireless telecommunications company based in Maryland with operations in Dallas and Beaumont, Texas. He also serves as a partner in Chesapeake Partners, Inc., a Potomac, Maryland based telecommunications and government advisory company and is an adjunct professor of finance at Georgetown University.
SAFE HARBOR
Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Reform Act of 1995. Forward-looking statements made by Global Triad, Inc. is not a guarantee of future performance.
This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Global Triad and Global TV, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, the availability of technical personnel, changes in technology and competition.
Contact:
Michael Bokzam
Phone: +1-954-782-6290
Worldwide Financial Marketing, Inc
Phone: +1-954-360-9998
E-Mail: Info@wwfinancial.com
Internet: www.globaltriad.net