SOURCE: Long Island Capital Alliance

Long Island Capital Alliance

September 30, 2013 07:04 ET

Long Island Capital Alliance Strengthens Board of Directors

MELVILLE, NY--(Marketwired - Sep 30, 2013) - The Long Island Capital Alliance ("LICA"), the leading non-profit capital formation and business development organization serving regional companies, today announced a strengthening of its Board of Directors through the appointment of three new directors. Newly appointed Board members include Kenneth Greene, Michael Lane and George Likourezos. In addition, LICA announced that with his retirement from all business endeavors, Frank Otto, President of the Long Island Forum for Technology ("LIFT"), will be stepping down from LICA's Board.

"We are pleased to welcome to our Board of Directors these new directors, who have significantly strengthened our capabilities and enhanced our reach into the business and financial communities. At the same time, we acknowledge the meaningful contributions of one of our retiring members," said Neil Kaufman, Chairman of LICA. "We are grateful for Frank Otto's commitment to and support of LICA, which, among other benefits, has resulted in the formation of a long-lasting strategic relationship with LIFT. While Frank will be vacating his LICA Board seat, we have bolstered our leadership through the addition of three individuals with impressive backgrounds and professional accomplishments. We are very pleased to add to our board George Likourezos, a leading attorney in the field of intellectual property and patent law; Michael Lane, a highly experienced business executive with a track record of operational excellence, capital raising, and enhancing stakeholder value, and Ken Greene, with over 20 years of experience in private equity, venture capital, and capital markets.

Bios of LICA's New Board of Directors

Ken Greene is the Founder of Jericho Capital, which invests in public and private healthcare, Internet and B2B software companies. He also is Chairman of Caliber Technologies, an office supply company with a social mission of supporting the U.S. military personnel; a director of Broadlook Technologies, a search engine automation company for sales, marketing and HR professionals, and a director of RingLead, a data quality company. In addition, Mr. Greene is a mentor at Launch Pad Long Island, a business accelerator, and LI Tech Comets, a start-up and tech incubator.

Michael Lane's career spans nearly 30 years in financial services, during which time he has held senior executive positions in firms ranging from information technology and Software-as-a-Service (SaaS) solutions at early stage venture capital-backed companies to large publicly traded enterprises. He brings to LICA strong operational, managerial, sales, marketing, and consultative expertise, from companies such as Accenture, Chase, Bottomline Technologies, Pegaystems, and Fiserv.

He was most recently the President of Transactis until March 2013. As an entrepreneur and C-suite executive at several private companies, his accomplishments include significant sales growth and market awareness campaigns, product development leadership, mergers and acquisitions, and successful capital raises totaling nearly $60 million in aggregate from leading public companies and venture capital firms. Mr. Lane earned a BA degree from UCLA and received an MBA from Columbia Business School.

George Likourezos is a partner of Carter, DeLuca, Farrell & Schmidt, LLP, one of the largest and most respected Intellectual Property law firms in the New York metropolitan area, and one that is nationally recognized for excellence. In addition to being registered to practice before the United States Patent and Trademark Office and a member of the New York Intellectual Property Law Association, Mr. Likourezos has been published in a number of recognized trade journals. He has particular expertise in fields of technology including digital electronics, computer architecture, communication systems, speech and pattern recognition, video compression, electrical circuits and components, acoustics, MEMS, optical scanning and imaging, business methods, semiconductor devices, semiconductor manufacturing and related electromechanical arts. Mr.Likourezos earned a B.S., Electrical Engineering and M.S., Operations Management, from Polytechnic University, and a J.D. from the Jacob D. Fuchsberg Law Center of Touro College.

About the Long Island Capital Alliance:

Since 1984, the Long Island Capital Alliance (www.licapital.org), formerly known as Long Island Venture Group, has been promoting business growth on Long Island. LICA seeks to create a productive and business-friendly environment that will afford area businesses access to the resources necessary to compete successfully in today's markets. LICA serves as a focal point for the exchange of ideas among new and existing business enterprises, successful entrepreneurs, investors, and service providers. Through quarterly capital forums and special meetings, LICA brings together members of the region's business community, and has been recognized as the place to turn to when small businesses need equity, debt, or other financing, or for investors to find an attractive investment opportunity.

LICA's mission is to encourage economic development on Long Island by facilitating capital formation for a broad range of companies in various industries, from early stage to mature middle market closely held and publicly-traded businesses. LICA accomplishes this primarily through education, networking, quarterly capital forums, periodic special educational meetings, and alliances with other regional organizations. LICA brings together members of the region's business community and serves as the finance arm for significant local business and organizations.

For more information on LICA and its next event, please contact LICA today or register online.

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