SALVATORE GIARDINA JOINS THE FORM HOLDINGS BOARD OF DIRECTORS AS CHAIRMAN OF THE AUDIT COMMITTEE
May 23 2016 - 7:05AM
NEW YORK - May 23, 2016 - FORM
Holdings Corp. (NASDAQ: FH), a diversified holding company, today
announced that Salvatore Giardina has been elected to the Company's
Board of Directors where he will serve as Chair of the Audit
Committee.
"I am pleased to have Salvatore
join the Board of Directors as Audit Chair. We believe that
Salvatore's extensive financial background, public accounting and
practical management experience will be extremely beneficial as we
continue to expand our business as a profitable holding company,"
said Andrew Perlman, Chief Executive Officer of FORM Holdings.
"I am honored to join the FORM
Holdings Board of Directors as Chairman of the Audit Committee.
This is an exciting time for the company and I look forward to
being a part of its continued growth as a diversified holding
company. I believe the company has an impressive management team
and has solidified a strong foundation for future success," said
Mr. Giardina.
Mr. Giardina has served as
Chief Financial Officer of Pragma Securities LLC and its holding
company, Pragma Weeden Holdings LLC, since 2009. From 2006 through
2008, Mr. Giardina served as S.V.P. and Chief Financial Officer of
G-Trade Services LLC and ConvergEx Global Markets LLC. From 2002
through 2006, Mr. Giardina served as Vice President and Chief
Financial Officer of Ladenburg Thalmann Financial Services Inc.,
the publicly-traded holding company of Ladenburg Thalmann &
Co., Inc., where Mr. Giardina served as its Executive Vice
President and Chief Financial Officer from 1998 through 2006 and as
its Controller from 1990 through 1998. From 1983 through 1990, Mr.
Giardina was an auditor with the national public accounting firm of
Laventhol & Horwath. Mr. Giardina is also a director of
National Holdings Corporation where he has served since 2012 and
has been the chairman of its Audit Committee since 2013. Mr.
Giardina is a certified public accountant and is Series 24 and
Series 27 registered.
About FORM
Holdings Corp.
FORM Holdings Corp. is a
diversified holding company that specializes in identifying,
investing in and developing companies with superior growth
potential. FORM's current holdings include Group Mobile, Fli
Charge, Infomedia and Intellectual Property Assets. Group Mobile is
a provider of rugged, mobile and field-use computing products,
serving customers worldwide. Fli Charge designs, develops,
licenses, manufactures and markets wire-free conductive power and
charging solutions. Infomedia is a leading provider of customer
relationship management and monetization technologies to mobile
carriers and device manufacturers. The Intellectual Property
division is engaged in the innovation, development and monetization
of intellectual property. To learn more about Form Holdings Corp.,
visit: www.FormHoldings.com.
Forward-Looking
Statements
This press release includes
forward-looking statements, which may be identified by words such
as "believes," "expects," "anticipates," "estimates," "projects,"
"intends," "should," "seeks," "future," "continue," or the negative
of such terms, or other comparable terminology. Forward-looking
statements are statements that are not historical facts. Such
forward-looking statements are subject to risks and uncertainties,
which could cause actual results to differ materially from the
forward-looking statements contained herein. Factors that
could cause actual results to differ materially include, but are
not limited to: our inability to license and monetize our patents,
including the outcome of litigation; our inability to monetize and
recoup our investment with respect to patent assets and other
businesses that that we have acquired or acquire in the future; our
inability to develop and introduce new products and/or develop new
intellectual property; our inability to protect our intellectual
property rights; new legislation, regulations or court rulings
related to enforcing patents, that could harm our business and
operating results; unexpected trends in the mobile phone and
telecom computing industries; our inability to raise additional
capital to fund our combined operations and business plan; our
inability to maintain the listing of our securities on a major
securities exchange; general economic conditions and level of
information technology and consumer electronics spending; the
potential loss of one or more of our significant Original Equipment
Manufacturer ("OEM") suppliers, the potential lack of market
acceptance of our products; market acceptance, quality, pricing,
availability and useful life of our products and services, as well
as the mix of our products and services sold; potential competition
from other providers and products; our inability to retain key
members of our management team; our liquidity and other risks and
uncertainties and other factors discussed from time to time in our
filings with the Securities and Exchange Commission ("SEC"),
including our Annual Report on Form 10-K for the year ended
December 31, 2015 filed with the SEC on March 10, 2016. FORM
expressly disclaims any obligation to publicly update any
forward-looking statements contained herein, whether as a result of
new information, future events or otherwise, except as required by
law.
Contacts:
Investors and Media
212-309-7549
info@FormHoldings.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: FORM Holdings Corp. via Globenewswire
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