LAS VEGAS, August 5, 2003 (PRIMEZONE) -- Vestin Group, Inc. (Nasdaq:VSTN), a leading asset manager and commercial mortgage business, today announced it has appointed Cedric R. Crear as chief marketing officer.
Michael Shustek, founder and chief executive officer, said, "We are excited to have Cedric join Vestin's leadership team. His proven track record, executive leadership and strong management skills in marketing, advertising, and communications will ensure Vestin continues on its path of successful execution.
"Cedric has built a solid foundation of marketing excellence in the gaming industry," continued Shustek. "We look forward to his efforts with our company and we are confident that his contributions will bring Vestin to a new level of growth."
With more than 15 years of corporate marketing and sales experience, Crear will direct the company's advertising, public relations, database marketing and sales campaigns. Most recently, Crear was director of marketing at Sunset Station and Casino, the leading property within the Station Casino family. At Sunset Station, Crear was responsible for the hotel and casino's property marketing, slot & casinos marketing, advertising, special events, promotions, direct mail and database marketing.
Prior to Sunset station, Crear was employed for more than nine years, in various sales and marketing positions with Station Casinos. His positions included director marketing; director casino marketing, player development manager and sales manager. In addition to his skills as a marketer, Crear was a co-host of KJUL - 104.3's morning radio program for an extended amount of time.
Crear holds a Bachelor's of Science degree from Howard University and serves on the board of directors of the American Red Cross, Southern Nevada Chapter.
About Vestin Group, Inc.
Vestin Group, Inc. is engaged in asset management, real estate lending, and other financial services. Its subsidiary, Vestin Mortgage, has facilitated more than $1.5 billion in lending transactions since 1995. Through Vestin Mortgage, Vestin Group manages two funds, Vestin Fund I, LLC, a $100 million mortgage fund and Vestin Fund II, LLC, a $500 million mortgage fund.
Certain statements contained herein are forward-looking statements that have been made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Forward looking statements involve known and unknown risks and uncertainties which may cause the actual results in the future periods or plans for future periods to differ materially from those described herein as anticipated, believed, or estimated.