SOURCE: Conihasset

Conihasset

December 14, 2010 09:54 ET

Conihasset Capital Partners Announces Addition to Its Board of Directors

BOSTON, MA--(Marketwire - December 14, 2010) - Conihasset Capital Partners, Inc. (PINKSHEETS: CNHA) (the "Company") has announced that Paul W. Stephenson has been elected as an independent member of its Board of Directors (the "Board"). The election of Mr. Stephenson brings the number of directors of the Company to five, three of whom are independent directors.

In making the appointment Bradley Hoecker, Chairman of the Board stated, "We are pleased to welcome Paul to the Board of Conihasset. Paul brings a tremendous level of depth and experience to the Board as a result of his many years in finance, investments and operations management."

Mr. Stephenson is the founder of PWS Management LLC. PWS invests in early-stage high-growth companies. He spent the previous four years as a Product Manager for TradeWeb LLC where he oversaw the development of its corporate bond trading platform. In addition, he spent 16 years as a corporate bond salesman and sales manager (four years with Salomon Brothers and twelve years with Merrill Lynch). Prior to that, he was a CPA with Peat, Marwick, Mitchell & Co. In 1994, Mr. Stephenson participated in the leveraged buyout of Yancey Bros Co., a construction equipment dealership in Atlanta, Georgia where he is a member of its Board of Directors. He is also on the Board of Directors of NYLX Inc. since making an investment in that company in 2007. NYLX provides web based product eligibility and pricing services to the retail mortgage industry. He is a member of the Board of Trustees at Spring Brook Country Club where he has also been President since 2008. Since 2009, he has served on the Board of Trustees of Link Community School. Mr. Stephenson holds an MBA and a BS from Tulane University.

In accepting the position Mr. Stephenson stated, "I look forward to working with Brad, the Board and the management of Conihasset as they continue their strategy of acquiring and managing small manufacturing, service and distribution companies. As we move past the economic hardship of the past few years, we see great opportunities ahead. I am pleased to be a member of a group dedicated to meeting the challenges that these opportunities will provide." 

About Conihasset: Conihasset Capital Partners, Inc. is a holding company quoted on the OTC Pink Sheets under the ticker CNHA. The Company currently owns 100% of Diversified Fluid Systems ("DFS") and MH Gaming ("MHG"). DFS designs, manufactures and services chemical blending and management systems for the semiconductor, solar and other industries. MHG has been capitalized to invest in and manage senior arcades in the state of Florida.

FORWARD-LOOKING STATEMENTS: Statements included in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "1995 Act"). Words such as "believe," "expect," "anticipate," "intend," "look forward," "opportunities," and similar expressions identify forward-looking statements. The Company cautions readers that forward-looking statements reflect the Company's current expectations and assumptions that are subject to certain risks and uncertainties which could cause actual results to differ materially from those projected in the forward-looking statements. Statements made herein are made in reliance on the safe harbor for forward-looking statements contained in the 1995 Act. The Company assumes no obligation to update or revise any forward-looking statements made herein or any other forward-looking statements otherwise made by the Company.

Contact Information

  • Contact:
    Jeffrey Leach
    (201) 874-0684