Growth Prompts Name Change to ‘Remington Capital’

July 21, 2010 By Leave a Comment

Growth Prompts Name Change to ‘Remington Capital’
New name reflects Remington’s growing reputation as the world’s best access to commercial capital

PR Newswire

SCOTTSDALE, Ariz., July 20

SCOTTSDALE, Ariz., July 20 /PRNewswire/ — “Remington has outgrown its old name. So we changed it to Remington Capital,” Remington Chairman Andy Bogdanoff explained when announcing the company’s new corporate name and logo.

“Remington has grown substantially over the years,” Bogdanoff said. “Along the way, we earned an international reputation for being the best access to commercial capital. We chose the name ‘Remington Capital’ because it better reflects that reputation.”

Founded by Bogdanoff in 1993, Remington has grown from a national financial services company into an international commercial real estate investment banking firm. Over the years, Remington has arranged more than $5 billion in financing transactions for thousands of commercial real estate and corporate clients, including almost a billion dollars in capital approvals received during 2008-2009.

“In addition to Remington’s unmatched financing expertise and top-notch advisory services,” Bogdanoff said, “what really distinguishes Remington Capital from others is Remington’s access to a global network of some 600 public and private sources of capital ready to commit billions of dollars to finance, refinance and recapitalize commercial projects in the U.S. and abroad.”

“The name ‘Remington Capital’ will also serve the company well as we extend Remington’s presence outside the U.S.,” Bogdanoff said. Specializing in international projects of $5 million or more, Remington has already secured financing for projects in Costa Rica, Canada, and Mexico, where we opened an office in Sonora. More recently, Remington opened an office in Australia and has begun exploring the impressive growth opportunities in India and other countries.

Optimistic about the future, Remington recently occupied new and more spacious corporate offices in Scottsdale, expanded its facilities in Denver, and added a number of highly experienced loan officers, financing experts, and specialists to the company’s Capital Markets Group.

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Jefferies Announces Addition to Global Equity Sales Team

June 11, 2010 By Leave a Comment

LONDON & NEW YORK–(Business Wire)–
In a further expansion of the firm`s Global Equity Sales & Trading Business,
Jefferies today announced the appointment of David Craven as a Managing Director
and Equity Research Salesperson in London. Mr. Craven has more than 26 years of
industry experience and joins the firm from ICAP Equities.

Andrew Shortland, Head of International Equities at Jefferies, commented, “We
continue to invest in Jefferies` equity sales and trading business globally and
are delighted that David has joined our firm. His significant experience,
coupled with his longstanding relationships, will bring immediate value to
Jefferies` institutional clients globally.”

“Hiring David further underlines Jefferies` commitment to establishing a deep
and lasting relationship with the UK account base,” added Hamish MacLellan, Head
of International Equity Sales at Jefferies.

This appointment is a further next step in the ongoing expansion of Jefferies`
global sales and trading capabilities across equities and fixed income. The
equities group, which is focused on the sales, sales-trading, trading and
research of equity securities, consists of nearly 700 professionals in the US,
Europe and Asia focused on cash equities, equity research, algorithmic trading
and other electronic trading solutions, prime brokerage, securities finance,
equity derivatives and equity capital markets.

Mr. Craven joins the firm from ICAP Equities, where he spent a year and was a
Managing Director. He previously spent eight years at JP Morgan as an Executive
Director for Equity Sales, and has held similar positions at HSBC, Greig
Middleton, Gerrard Vivian Grey and BZW.

Jefferies, a major global securities and investment banking firm, has served
companies and their investors for more than 48 years. Jefferies & Company, Inc.
is the principal US operating subsidiary of Jefferies Group, Inc. (NYSE: JEF:
www.jefferies.com), and Jefferies International Limited is the principal UK
operating subsidiary. Jefferies International Limited, a UK-incorporated
company, is authorised and regulated by the UK Financial Services Authority.

Jefferies & Company, Inc.
Tom Tarrant, 203-708-5989
ttarrant@jefferies.com
or
Jefferies International Limited
Desiree Maghoo, +44 20 7029 8085
dmaghoo@jefferies.com
or
CJP Communications
Josh Passman, 212-279-3115, x203
jpassman@cjpcom.com

Copyright Business Wire 2010

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MacroSolve Signs Investment Banking Agreement With Source Capital Group

June 3, 2010 By Leave a Comment

TULSA, OK, Jun 02 (MARKET WIRE) —
MacroSolve, Inc., (OTCBB: MCVE), a leading provider of mobile business
apps, announced today that it has signed an investment banking agreement
with Westport, Connecticut based Source Capital Group, Inc. Source
Capital Group’s Investment Banking division raises capital for
high-growth small cap companies in industries including
telecommunications. The investment banking firm also offers after-market
support and distribution of selected equities through its network of
retail offices in nine states throughout the U.S.

“Source Capital has deep industry knowledge in our space. They understand
the value of our mobility technologies and our potential to capture a
meaningful share of the growing $5 billion mobile business app market. We
are pleased to work with them and look forward to deploying growth
capital which will enhance our competitiveness in the market and build
shareholder value,” stated MacroSolve president and CEO Clint Parr.

“MacroSolve plays in the sweet spot of mobility, digital media and
e-commerce/m-commerce,” stated Vik Grover, CFA, who leads telecom and
digital media investments at Source Capital Group.

“Within the next few years, mobile data subscribers will surpass fixed
broadband subscribers. At the same time, the shift of content and
applications to the mobile web is accelerating, forcing enterprises and
institutions to integrate mobility into their sales, marketing and
operational plans. MacroSolve’s mobile app development platform, ReForm
XT, was developed over the past decade at a cost of millions of dollars
and tens-of-thousands of man hours. Because it is compliant with all
major mobile operating systems, we believe it has the potential to
generate substantial revenues from direct and indirect sales and
licensing. We look forward to introducing MacroSolve to numerous
potential strategic partners and investors over the coming weeks,”
continued Grover.

MacroSolve has over 13 years of experience in the mobile marketplace and
delivers the bottom-line benefits of mobility to organizations while
specializing in serving small and medium-sized businesses and government.
MacroSolve’s patent-pending ReForm XT(TM), a mobile app development
platform, is being deployed by a growing number of businesses across a
broad array of enterprise uses and vertical markets. Apps powered by
ReForm XT are available on iPhone, BlackBerry, Windows Mobile, and will
be available on Android in the 4th quarter 2010. The company’s
DineInsight(TM) and ClubInsight(TM) branded mobile business apps, both
‘Powered by ReForm XT,’ serve the needs of the restaurant and hospitality
industry; and golf, sports and membership clubs industry, respectively.
The apps are sold through app stores, as well as directly by MacroSolve
and a growing network of resellers and licensees.

About Source Capital Group
Source Capital Group, Inc. was founded in
1992 by a management team with extensive financial industry experience at
firms such as Bankers Trust, Chemical Bank, and Smith Barney. Source
Capital began as a boutique investment banking firm specializing in small
to medium-sized transactions, and the firm continues to focus its
investment banking activities in those segments of the market. Source
Capital has grown to include businesses in general securities, emerging
market securities, distressed and high yield debt securities, investment
management, mortgages, and business lending. For more information about
Source Capital Group please visit www.sourcegrp.com, and for Vik Grover’s
bio please visit http://www.sourcegrp.com/grover.html.

About
MacroSolve
MacroSolve, Inc. is a pioneer in delivering mobile apps and
solutions to businesses and government. Founded in 1997, the company has
an extensive network including the top name brands in wireless hardware
and software as well as carriers. MacroSolve’s mission is to become the
leader in delivering mobile business apps, a market projected to grow by
double digits to $11.6 B by 2012. The company operates through its
subsidiaries including Anyware Mobile Solutions
(http://www.goanyware.com/). For more information, visit
http://www.macrosolve.com/ or call 800-401-8740.

Safe Harbor Statement

This press release contains projections of future results and other
forward-looking statements that involve a number of risks and
uncertainties and are made pursuant to the Safe Harbor Provisions of the
Private Securities Litigation Reform Act of 1995. Important factors that
may cause actual results and outcomes to differ materially from those
contained in the projections and forward-looking statements included in
this press release are described in our publicly filed reports. Factors
that could cause these differences include, but are not limited to, the
acceptance of our products, lack of revenue growth, failure to realize
profitability, inability to raise capital and market conditions that
negatively affect the market price of our common stock. The Company
disclaims any responsibility to update any forward-looking statements.

Investor Contact:
Dilek Mir
(310) 591-5619
dmir@corporateprofile.com

Company Contact:
April Sailsbury
(918) 388-3529
april.sailsbury@macrosolve.com

Copyright 2010, Market Wire, All rights reserved.

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Gulf Oil leak could take years to subside, would poison aquatic life for years to come

May 14, 2010 By Leave a Comment

Washington, May 14 (ANI): If efforts fail to cap the leaking Deepwater Horizon wellhead in the Gulf of Mexico oil could gush for years—poisoning coastal habitats for decades, experts say.

Last week the joint federal-industry task force charged with managing the spill tried unsuccessfully to lower a 93-ton containment dome over one of three ruptures in the rig”s downed pipe.

Crystals of methane hydrates in the freezing depths clogged an opening on the box, preventing it from funneling the spouting oil up to a waiting ship. The scientists seem to be running out of alternatives, National Geographic reports.

“We don”t have any idea how to stop this,” Matthew Simmons, retired chair of the energy-industry investment banking firm Simmons & Company International said of the Gulf leak.

Some of the proposed strategies—such as temporarily plugging the leaking pipe with a jet of golf balls and other material—are a “joke,” he added.

“We really are in unprecedented waters,” he said

If the oil can”t be stopped, the underground reservoir may continue bleeding until it”s dry, Simmons suggested.

The most recent estimates are that the leaking wellhead has been spewing 5,000 barrels (210,000 gallons, or 795,000 liters) of oil a day.

And the oil is still flowing robustly, which suggests that the reserve would take years to deplete.

At that rate, it”s possible the Gulf oil spill”s damage to the environment will have lingering effects akin to those of the largest oil spill in history, which happened in Saudi Arabia in 1991, said Miles Hayes, co-founder of the science-and-technology consulting firm Research Planning, Inc., based in South Carolina.

Up to 89 percent of the Saudi marshes and 71 percent of the mud flats had not bounced back after 12 years, the team discovered.

“It was amazing to stand there and look across what used to be a salt marsh and it was all dead—not even a live crab,” Hayes said.

There could be similar devastation in US Gulf Coast marshes.

As the nurseries for much of the sea life in the Gulf of Mexico, coastal marshes are vital to the ecosystem and the U.S. seafood industry.

“Once it gets in there, we”re not getting it out,” said Hayes.

“We have to hope for the best,” says Simmons, “but plan for the worst.” (ANI)

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Morgan Joseph Adds Two Marketing Professionals to Its Convertible Bond Sales and Trading Group

April 16, 2010 By Leave a Comment

NEW YORK–(Business Wire)–
Morgan Joseph & Co. Inc., a leading full-service investment banking firm serving
middle market companies, today announced the addition of two individuals -
Gregory K. Sullivan and John R. Anderson – with a total of approximately 28
years Wall Street experience to its Convertible Bond Sales and Trading group.
Both were named Senior Vice Presidents.

“Both Greg and John have a wealth of experience and knowledge of the convertible
bond market, and represent important additions to our expanding presence in the
market place,” said Joe Castro, a Managing Director and Head of Convertible
Sales & Trading. “These two individuals will help us to expand our foot print in
the convertible market. Greg and John are senior sales people and will be
tremendous assets for Morgan Joseph.”

Mr. Sullivan, most recently a senior vice president at BTIG LLC, previously
spent four years with the Argent Financial Group International LLP in Dubai,
UAE, where he served as a Managing Director in the Brokerage Division and as a
member of the Executive Committee. As Vice President, Institutional Convertible
Bond Sales at McMahan Securities, in Greenwich, CT, he was a senior salesperson
selling new issue convertible securities and involved in secondary
sales/trading. Mr. Sullivan also was a VP, International Convertible Bond Sales
with Lehman Brothers, both in New York City and London, marketing non-dollar
(European, Japanese and Asian currencies, among them) and dollar denominated
convertible securities, derivatives and synthetic products. He holds a BA in
History from Ohio Wesleyan University.

Mr. Anderson joins Morgan Joseph from Knight-Libertas, in Greenwich, CT, where
he was Director, Convertible Bond Sales. For 12 years, through 2008, he was also
associated with Wachovia Securities, in New York City, and Forum Capital
Markets, a boutique convertible bond broker/dealer acquired by Wachovia in 2002.
At Wachovia, he was an Associate Trader and more recently Vice
President/Convertible Bond Sales. He began his Wall Street career with Mercator
Partners, a NYSE specialist firm. Mr. Anderson has a BA in Communications/Public
Relations from Marist College.

About Morgan Joseph

Morgan Joseph & Co. Inc., a New York City headquartered full service investment
bank, provides financial advisory and capital raising services including M&A and
restructuring advice, and equity and debt private placements and public
offerings. In addition, Morgan Joseph provides research and trading for
institutional clients. Morgan Joseph`s staff of over 120 includes more than 65
investment bankers, who are highly experienced professionals mostly from major
Wall Street firms and intimately familiar with the issues facing middle market
companies. The firm is a member of both the Financial Industry Regulatory
Authority (FINRA) and the Securities Investors Protection Corp. (SIPC).

Media Contacts:
Anreder & Company
212-532-3232
Steven S. Anreder
steven.anreder@anreder.com
Cristina Bacon
cristina.bacon@anreder.com

Copyright Business Wire 2010
NEW YORK–(Business Wire)–
Morgan Joseph & Co. Inc., a leading full-service investment banking firm serving
middle market companies, today announced the addition of two individuals -
Gregory K. Sullivan and John R. Anderson – with a total of approximately 28
years Wall Street experience to its Convertible Bond Sales and Trading group.
Both were named Senior Vice Presidents.

“Both Greg and John have a wealth of experience and knowledge of the convertible
bond market, and represent important additions to our expanding presence in the
market place,” said Joe Castro, a Managing Director and Head of Convertible
Sales & Trading. “These two individuals will help us to expand our foot print in
the convertible market. Greg and John are senior sales people and will be
tremendous assets for Morgan Joseph.”

Mr. Sullivan, most recently a senior vice president at BTIG LLC, previously
spent four years with the Argent Financial Group International LLP in Dubai,
UAE, where he served as a Managing Director in the Brokerage Division and as a
member of the Executive Committee. As Vice President, Institutional Convertible
Bond Sales at McMahan Securities, in Greenwich, CT, he was a senior salesperson
selling new issue convertible securities and involved in secondary
sales/trading. Mr. Sullivan also was a VP, International Convertible Bond Sales
with Lehman Brothers, both in New York City and London, marketing non-dollar
(European, Japanese and Asian currencies, among them) and dollar denominated
convertible securities, derivatives and synthetic products. He holds a BA in
History from Ohio Wesleyan University.

Mr. Anderson joins Morgan Joseph from Knight-Libertas, in Greenwich, CT, where
he was Director, Convertible Bond Sales. For 12 years, through 2008, he was also
associated with Wachovia Securities, in New York City, and Forum Capital
Markets, a boutique convertible bond broker/dealer acquired by Wachovia in 2002.
At Wachovia, he was an Associate Trader and more recently Vice
President/Convertible Bond Sales. He began his Wall Street career with Mercator
Partners, a NYSE specialist firm. Mr. Anderson has a BA in Communications/Public
Relations from Marist College.

About Morgan Joseph

Morgan Joseph & Co. Inc., a New York City headquartered full service investment
bank, provides financial advisory and capital raising services including M&A and
restructuring advice, and equity and debt private placements and public
offerings. In addition, Morgan Joseph provides research and trading for
institutional clients. Morgan Joseph`s staff of over 120 includes more than 65
investment bankers, who are highly experienced professionals mostly from major
Wall Street firms and intimately familiar with the issues facing middle market
companies. The firm is a member of both the Financial Industry Regulatory
Authority (FINRA) and the Securities Investors Protection Corp. (SIPC).

Media Contacts:
Anreder & Company
212-532-3232
Steven S. Anreder
steven.anreder@anreder.com
Cristina Bacon
cristina.bacon@anreder.com

Copyright Business Wire 2010

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