Toronto, Ontario--(Newsfile Corp. - May 1, 2012) - GC-Global Capital Corp.’s (TSXV: GDE.A) ("Global Capital" or “the Company”) Chief Executive Officer Jason Ewart is pleased to announce, that as part of its structural and strategic realignment, in addition to Mr. Robert Parent’s recent appointment as Chief Operating Officer (COO), Mr. Parent has been appointed Chief Financial Officer (CFO).
Combining the CFO and COO positions will allow Global Capital to coordinate the operational and financial adjustments that will create the basis for Global Capital’s growth going forward. As noted in prior press releases, a focus on operations is consistent with the Company’s recent investments in Marathon Mortgage Corporation, Attorneys Title Guarantee Fund, Inc. and Tanenbaum Landscape & Design Inc.
Mr. Parent has over 10 years of experience working in the financial sector and capital markets in various management roles. Most recently he was Chief Financial Officer for the administrator of a group of investment funds where he was responsible for redesigning the processes to drive operational efficiency. Mr. Parent has a strong background in operations and has rolled out a number of retail products and services. Prior to his most recent CFO role he worked as a senior manager with Scotiabank developing products and services for the retail banking and worked as a high net worth investment advisor. Prior to working in the financial sector, Mr. Parent also spent a number of years working in the space industry developing and operationalizing space flight systems and satellite flight control software.
Mr. Ewart said this additional appointment to the CFO role was another significant step in Global Capital’s focus on providing its partner companies with access to management resources that will help support them and drive their growth. “Mr. Parent brings to the position many years of experience combining finance and operations that will be essential to drive the company as Global Capital and its major investments grow over the next few years," he added. “As noted before, Global Capital is focused on ensuring that it can deliver the full range of management expertise required by our partner companies as they grow their individual businesses.”
Mr. Parent replaces Mr. Andrew Hilton, who has held the position of Chief Financial Officer since August, 2010. "Andrew has provided many years of dedicated service and proven to be a trusted and knowledgeable member of our team” stated Mr. Jason Ewart, Chief. He added "On behalf of our shareholders, board of directors and entire management team, we wish to thank Andrew for his outstanding contribution to Global Capital and wish him all the best going forward with his new role at CRIS Inc., (www.crisinc.ca) a company that provides a range of financial reporting, corporate secretarial and other services to TSX, TSX Venture Exchange, CNSX and pre-public companies.”
About Global Capital
Global Capital is a merchant bank, which provides bridge loan services, to companies across many industries such as oil & gas, mining, real estate, manufacturing, retail, financial services, technology and biotechnology. For further information, please contact Jason G. Ewart, C.E.O. at (416) 488-7760 or visit Global Capital’s website at www.gcglobalcapital.ca.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Source: Fountain Asset Corp.