ATLANTA, April 19, 2005 (PRIMEZONE) -- Gray Capital Partners announced today the appointment of Richard Simonelli to its advisory board.
Richard Simonelli brings over 20 years of Wall Street experience to Gray Capital including his decade long role as Managing Director of International for the New York Stock Exchange where the number of non-U.S. listings tripled during his 10 years at the NYSE. Significant listings during his tenure included: Daimler-Benz, France Telcom, Deutsche Telekom and nearly 50 Latin American companies.
Mr. Simonelli is currently the CEO of Simonelli Capital in New York and has provided financial and public relations consulting services to clients, such as, Deloitte and Touche, Staples, TRW, Wit Capital, the Government of South Africa and the World Gold Counsel to name but a few. He began his distinguished career on Wall Street as an analyst for E.F. Hutton and PainWebber.
Mark E. Gray, CEO of Hansen Gray & Company, said, "We could not be more pleased. Richard Simonelli brings a lifetime of Wall Street savvy, business experience and financial acumen as a member of the Gray Capital advisory board. He will play a vital role with our Private Investment Banking Group as we expand our investment portfolio of growth companies and enhance shareholder value."
About Gray Capital Partners
Gray Capital offers a wide array of private equity resources including bridge loans, merger and acquisition financing and PIPE Investments (Private Investments in Public Equities). The firm seeks investment opportunities ranging from $3 million to $25 million in companies of exceptional potential in a number of industry sectors.
The Atlanta based firm is led by venture capital and private equity veteran Mark E. Gray. Mr. Gray, the firm's founder and CEO has over ten years of investment banking experience specializing in mergers and acquisitions including complex institutional financing. Since 1999, Mr. Gray has completed equity transactions of more than $240 million in more than two dozen transactions. In 2004, Mr. Gray was CEO of the publicly traded venture capital firm Hansen Gray & Company which led investments or acquisitions in three companies including nanotechnology investments in Korea and the U.K.
More information about Gray Capital Partners or its Private Investment Banking Group is available online at www.graycapital.net or by contacting the company at (678) 319-0530.
This press release contains forward-looking statements, involving risks and uncertainties including statements regarding the Company's financial performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Information with respect to important factors that should be considered is contained in the Company's Annual Report. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.