SOURCE: Protective Capital Structures Corp.

February 12, 2010 09:47 ET

Protective Capital Structures Corp Names Randall G. Burton Chairman and President

WILMINGTON, DE--(Marketwire - February 12, 2010) - Protective Capital Structures Corp. (PINKSHEETS: PCSO) announced it has named Randall G. Burton Chairman and President effective immediately. Burton has been tasked to focus on specific issues that are facing the company as he endeavors to rehabilitate its corporate image and provide clarity around the current portfolio of loans, the Series A and B Preferred Shares and the 21 outstanding Funding Commitments with non-affiliates that were issued in 2004 - 2005.

Speaking about this assignment, Burton commented, "I am pleased to have the opportunity to lead and reorganize Protective. One of my first endeavors is to improve communication and transparency while I evaluate the opportunities presently available to Protective. In conjunction with a new management team, I look forward to unlocking the unrealized gain on the PCSO shares in order to increase the value to shareholders."

Burton served as President of RELM Holdings Inc. since September 2008. He led the expansion of RELM into the technology services business. That expansion was initiated by using the PCSO stock as collateral by Wilmington Trust to facilitate the acquisition of Versalign by Access Versalign, a subsidiary of RELM. As of February 20, 2010, that collateral can be converted into cash under SEC Rule 144. Once liquidated, it is expected to provide working capital for Access Versalign, Inc.

Shareholders who are interested in receiving updates on PCSO via email may submit a request at manager@protectivecapitalstructurescorp.com.

About PCSO

The PCSO business model is to arrange financing for real property and commercial revenue producing assets and to provide a comprehensive range of solutions to the business market focused on earnings and operational excellence. For more information, visit: www.protectivecapitalstructurescorp.com.

Safe Harbor

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the Company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the company, which include the ability of the company to implement its business plans and expand its business model, actual results may differ materially from the expectations expressed in the forward-looking statements.

Contact Information