SOURCE: Keating Capital

Keating Capital

November 30, 2011 13:24 ET

Keating Capital Announces Management Changes and Board Addition

Hires Chief Financial Officer and Appoints New Board Member

GREENWOOD VILLAGE, CO--(Marketwire - Nov 30, 2011) - Keating Capital, Inc. (www.KeatingCapital.com), a pre-IPO investment fund, announced the appointment of Stephen (Steve) M. Hills to the position of Chief Financial Officer and Treasurer effective November 16, 2011.

Mr. Hills was formerly a Director of Valuation Services with Arcstone Partners, a valuation services and investment research firm based in Denver. Prior to that, he was Manager of External Reporting and Manager of Technical Accounting with Molson Coors Brewing Company, a NYSE-traded global brewing company. Mr. Hills began his career at PricewaterhouseCoopers. He is a Certified Public Accountant and a 2003 cum laude graduate of Villanova University with a B.S. in Accountancy. Mr. Hills replaces Ranjit P. Mankekar who has left Keating Capital to pursue other opportunities.

In a related action, Frederic (Rick) M. Schweiger was elected to serve as a Director of Keating Capital and to fill the board seat vacated by Mr. Mankekar. Mr. Schweiger currently serves as Keating Capital's Chief Operating Officer and Chief Compliance Officer.

"We are pleased to welcome Steve as the new CFO and to add Rick to our board," said Timothy J. Keating, Keating Capital's CEO. "As Keating Capital prepares for its Nasdaq listing, Steve will bolster the existing resources that we already have committed to our financial reporting and portfolio company valuation process," added Mr. Keating.

About Keating Capital, Inc.

Keating Capital is a business development company that specializes in making pre-IPO investments in innovative, high growth private companies that are committed to and capable of becoming public. Keating Capital provides individual investors with the ability to participate in a unique fund that invests in a private company's later stage, pre-IPO financing round -- an opportunity that has historically been reserved for institutional investors.

To be added to Keating Capital's distribution list, go to www.KeatingCapital.com/contact.

Forward-Looking Statements
This press release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect Keating Capital's current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release, including the factors set forth in "Risk Factors" set forth in Keating Capital's Form 10-K and Form 10-Q filed with the Securities and Exchange Commission ("SEC"), and subsequent filings with the SEC. Please refer to Keating Capital's SEC filings for a more detailed discussion of the risks and uncertainties associated with its business, including but not limited to the risks and uncertainties associated with investing in micro- and small-cap companies. Except as required by the federal securities laws, Keating Capital undertakes no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise. The reference to Keating Capital's website has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release.

Contact Information

  • Contact:
    Margie L. Blackwell
    Investor Relations Director
    Keating Capital, Inc.
    Email Contact
    (720) 889-0133