SOURCE: Private Equity Gateway Group

Private Equity Gateway Group

February 10, 2011 11:32 ET

PEGG Announces the Appointment of Mr. Gale Aguilar as Advisory Principal of Gramercy Companies

ISLE OF MAN, UNITED KINGDOM--(Marketwire - February 10, 2011) - PEGG Capital AG (PEGG) (FRANKFURT: PGU), a corporate advisory, commercialization and investment group focusing in the areas of information and communication technology (ICT) and other innovative technologies, today announced the appointment of Mr. Aguilar as Advisory Principal to the Company's US affiliates, Gramercy Venture Advisors and Gramercy Private Equity. 

Mr. Michael Gale, Director of PEGG and Founder of Gramercy, comments, "We feel extremely privileged to have Mr. Aguilar join as an Advisory Principal. His extensive experience is key as Gramercy reviews private equity opportunities and assists those companies to grow successfully. The insight Mr. Aguilar gained serving in a variety of roles throughout his career is an extraordinary quality that will greatly benefit Gramercy's Advisory Group portfolio companies."

Mr. Aguilar is currently the Chairman of 2Phase Technologies, a company that developed and patented a rapid tooling system used to develop and instantly manufacture detailed mechanical instruments for a variety of industries including: technology, automotive, transportation, medical, and consumer. Mr. Aguilar was also the CEO of Force Protection, a defense contract corporation which pioneered a new class of armored vehicles for the US and foreign defense departments. He was also a Vice President of Prime Computer during its evolution from early-stage growth to becoming a Fortune 500 company. Mr. Aguilar's early career began as an engineer at IBM, where he held a variety of roles in data and security. He then moved to executive positions in marketing and systems strategy. 

For over 25 years, Mr. Aguilar has been working with technology companies specifically addressing needs in the areas of computers, defense, machinery, and equipment. Throughout his career, he has served on a variety of Boards for leading edge-technology companies, both in the US and internationally, as well as being involved in the acquisitions and sales of private and public technology companies. 

"I am honored to be appointed to this important role," stated Mr. Aguilar. "Given my technology background, merger and acquisition expertise, and international scope, I look forward to contributing my insight and guidance to Gramercy's portfolio. I am pleased to offer my experience regarding innovative technology, advising companies during their growth stages, and offering guidance on exit strategies."

About PEGG Capital AG
PEGG Capital AG (PEGG) is a Frankfurt-listed, publicly-traded investment and advisory group specializing in investing in information communication, telecommunications and other innovative technologies. PEGG identifies portfolio companies that adhere to specific fundamentals and business criteria to enhance shareholder value for PEGG and its shareholders. PEGG covers a broad range of opportunities focused on translating innovative projects into commercial reality through funding support, hands-on assistance, and leveraging cross-border opportunities. PEGG is headquartered in the Isle of Man with operations in New York, San Francisco & Beijing, through its Gramercy interests, and satellite offices in London and Melbourne.

About Gramercy Private Equity
Gramercy Private Equity is the private equity arm of Gramercy Venture Advisors, the category defining technology merchant bank. Drawing on the resources of Gramercy Venture Advisors and its global relationships, Gramercy Private Equity offers hands-on advisory that adds significantly to the strategy and its execution for portfolio companies. Gramercy Private Equity invests in companies with proven technology within local markets that are poised for global expansion.

Cautionary Note Regarding Forward-Looking Statements: This press release may contain "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. We caution you therefore against relying on any of these forward-looking statements. Factors that could cause actual results to differ materially from such statements, as well as additional risk factors, are detailed in the Company's most recent filings with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking information contained in this press release or with respect to the announcements described herein, except as may be required by law.

Contact Information

  • CONTACT:
    PEGG Corporate Contact Information
    Mr. Michael Gale
    Director
    Tel: 415-378-7364
    mgale@peggeu.com
    or
    Mr. David Daniel
    Managing Director
    Tel: +44 (0) 7624 350 484
    david@peggeu.com

    Private Equity Gateway Group (EU) Ltd.
    (IoM registered Co. # 123009C)
    11 Hope Street Douglas Isle of Man, British Isles IM1 1QD
    www.peggeu.com

    PEGG Capital AG:
    (German Registered Co. # HRB 67740)
    Stock Code "PGU"
    AachenerStrasse 619
    50933 Cologne Germany

    INVESTOR RELATIONS:
    Cooper Global Communications, LLC
    Mr. Richard E. Cooper
    President
    rcooper@cgc-us.com

    Ms. Jennifer K. Zimmons, Ph.D.
    Managing Director
    jzimmons@cgc-us.com
    Tel: 212-317‐1400
    www.cooperglobalcommunications.com