SCOTTSDALE, AZ--(Marketwired - May 1, 2013) - Capital Group Holdings, Inc. (OTCBB: CGHC) announced today that it is strengthening its management team with the appointment of Mr. Thomas P. Meola as acting Chief Financial Officer and Director of the Company, effective May 6th 2013.
Mr. Meola is a certified public accountant in Arizona and is the managing member of Tailor Made Business Solutions PLLC (TMBS), an accounting, finance, and operations firm that provides services to small and medium-sized businesses such as tax management and accounting, auditing, financial reporting and planning, employee benefits, and IT consulting.
Prior to his appointment at Capital Group, Mr. Meola was Vice President of Financial Operations for Vulcan, Inc., between 2006 and 2010. Vulcan, Inc. is an investment firm founded by Paul Allen, co-founder of Microsoft. From 2000 to 2004 Mr. Meola served as Senior Vice President of Financial Systems and Global Purchasing for MasterCard International, controlling a budget spend in excess of $300M. During his tenure he oversaw the documentation and implementation of the internal controls necessary to comply with the Sarbanes-Oxley Act.
Prior to MasterCard, Mr. Meola was Vice President of Finance and Corporate Controller of Bowne & Co., a NYSE Financial Printing Company where he developed and managed the International Tax, MIS, and Internal Audit departments.
Erik J. Cooper, CEO of Capital Group Holdings, commented, "We are extremely pleased to have Mr. Meola join the management team. His extensive and diversified experience in all areas of finance and operations will make him a key asset in the execution of our expansion plans. His breadth of operation-oriented experience and best practices from key roles in leading companies will contribute substantially to providing solid corporate governance for the Company and transparency to our shareholders."
Mr. Meola, the Company's new acting CFO and Director, added, "Capital Group is uniquely positioned in the healthcare market and I am very excited about the Company's future prospects. TMBS will be dedicating my time to ensure that the Company strives to provide transparent and reliable information to all of its stakeholders by implementing the necessary policies and procedures, related internal controls, and complimentary financial systems needed to comply with SEC and GAAP reporting."
About Capital Group Holdings:
Capital Group Holdings, Inc. is an acquirer and operator of fundamentally-sound companies that are market accepted, scalable and demonstrate a quantifiable value proposition. Our focus is Health and Wellness organizations that have a strong market presence, brand awareness and talented and dedicated management teams with the potential to achieve exceptional performance over time. Capital Group Holdings lends its operational support, management approach and financial resources to these companies to achieve improvements in both bottom-line growth and positioning in the marketplace. Capital Group Holdings currently operates two wholly owned subsidiaries; One Health Pass, Inc and OneHealth Urgent Care, Inc. www.capitalgroupholdings.com
Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding Capital Group Holdings, Inc.'s expectations, intentions, strategies and beliefs pertaining to future events or future financial performance. All statements contained herein are based upon current information available to Capital Group Holdings, Inc.'s management as of this date. The business and operations of the Company are subject to substantial risks which increase the uncertainty that forward-looking results will be achieved and actual events or results may vary materially as a result of various important factors including those which management has little or no control. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.
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