LM Funding Appoints Mark Pajak as New Chief Operating Officer
January 28 2019 - 7:00AM
LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or
the “Company”), a technology-based specialty finance
company, today announced the appointment of Mark Pajak as Chief
Operating Officer. Mr. Pajak joined LM Funding from his position of
President and Chairman of IIU, Inc. (“IIU”), and is expected to
lead the integration of IIU with LM Funding and provide strategic
insight for future growth opportunities.
“While the accretive IIU acquisition stands on
its own financially, the resulting addition and active involvement
of an accomplished senior executive of Mark’s caliber potentially
provides an even greater value to LM Funding and its shareholders,”
said Bruce Rodgers, LM Funding’s Chief Executive
Officer. “Mark will continue to implement his plan to
unleash IIU’s potential and drive its long term growth through
operational oversight as well as bolster our efforts to develop
additional growth investment opportunities.”
Mr. Pajak brings an extensive background in
leadership and business development to the COO position. Since
December 2011, Mr. Pajak has served as President and Chairman of
DLC Holdings Corp. (TSXV: DLC). Mr. Pajak is also President and
Chairman of Craven House Capital North America LLC and Chairman of
Craven House Capital Plc, an investment company listed on the
London Stock exchange. Prior to these roles Mr. Pajak was employed
by Taylor Wimpey Plc., (a FTSE 100 property development company)
from 2001 to 2011 as a Sales and Marketing Director and also at the
corporate level supporting M&A activity in the UK and North
America, bank and private debt financing and analyst and
shareholder relations. Mr. Pajak studied at Oxford University where
he obtained both an undergraduate degree in Biological Sciences and
a post-graduate MBA.
Mark Pajak commented, “LM Funding’s acquisition
of IIU was a strategic move and the first step towards diversifying
the Company’s revenue streams and positioning LM Funding to
capitalize on additional long-term growth opportunities. I am
excited to join LM Funding and to help lead the Company’s efforts
during its next phase of growth.”
About LM Funding America:LM
Funding America, Inc., together with its subsidiaries, is a
technology-based specialty finance company that provides funding to
nonprofit community associations (Associations) primarily located
in the state of Florida, as well as in the states of Washington,
Colorado and Illinois. The company offers funding to Associations
by purchasing a certain portion of the associations' rights to
delinquent accounts that are selected by the Associations arising
from unpaid Association assessments. The company is also involved
in the business of purchasing delinquent accounts on various terms
tailored to suit each Association's financial needs, including
under the company’s New Neighbor Guaranty™ program.
Forward-Looking Statements:
This press release may contain forward-looking statements made
pursuant to the Private Securities Litigation Reform Act of 1995.
Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,”
and “project” and other similar words and expressions are intended
to signify forward-looking statements. Forward-looking statements
are not guarantees of future results and conditions but rather are
subject to various risks and uncertainties. Some of these risks and
uncertainties are identified in the company's most recent Annual
Report on Form 10-K and its other filings with the SEC, which are
available at www.sec.gov. The occurrence of any of these risks and
uncertainties could have a material adverse effect on the company's
business, financial condition, and results of operations.
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Company
Contact: Bruce Rodgers, Chairman and CEO LM
Funding America, Inc. Tel (813) 222-8996
investors@lmfunding.com |
Investor
Contacts:Valter Pinto / Scott EcksteinKCSA Strategic
Communications Tel (212) 896-1254 / (212) 896-1210valter@kcsa.com /
seckstein@kcsa.com |
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