SOURCE: SIB Fixed Cost Reduction Company, LLC

SIB Fixed Cost Reduction

October 27, 2015 17:11 ET

SIB Fixed Cost Reduction Adds Hospitality Industry Veteran William Moeckel to Board of Advisors

CHARLESTON, SC--(Marketwired - October 27, 2015) - SIB Fixed Cost Reduction, a company specializing in reducing recurring monthly expenses for multiple-location companies, announced today that it has added William G. "Bill" Moeckel to its Board of Advisors.

Moeckel has a long and successful career leading real estate development and investment initiatives in the hospitality industry, having served in senior executive roles for several large hotel companies, as an independent director of a real estate investment trust (REIT), and as a general partner and Chief Investment Officer for a prominent sponsor of private hotel investment partnerships with large pools of domestic and offshore capital. As a member of the SIB Board of Advisors, Moeckel will meet regularly with SIB's management and provide guidance on future initiatives to promote the overall growth and development of the company.

"Very few can match Bill's experience and expertise in his field, and we are very pleased to benefit from his counsel as the newest member of our Board of Advisors," said Dan Schneider, CEO of SIB. "He has taken a very serious interest in SIB, and I believe he will be a real asset as we expand our service offerings and relationships throughout the hospitality industry."

Moeckel becomes the fifth member of the Board of Advisors, joining restaurant executive Nelson Marchioli, document security expert Frank Abagnale, management consultant and lawyer Al Tumini, and health care finance expert Bradley King. The Board was founded in 2013, and meets regularly to discuss the direction and evolution of the company, and to collaborate on promoting new sales, increased efficiency, and sharing of information.

"I have been really impressed with what I've seen of SIB's business model and the services they are able to offer to clients in a wide range of industries," said Moeckel. "They already have an impressive track record creating cost savings for numerous clients in the hospitality industry, and I think plenty of additional hotel groups will recognize the benefits inherent in working with SIB. It's a dynamic young company with a lot of growth potential, and I am excited to be a part of it."

About SIB Fixed Cost Reduction

SIB Fixed Cost Reduction is a firm specializing in reducing external expenses for clients with large facilities or multiple locations, such as restaurant groups, hospitals, universities, government agencies, Fortune 500 companies, and other organizations. Unlike other consulting firms, SIB only bills based on the savings they find, and clients are not billed until savings are realized. Through expert analysis, SIB will discover if businesses have overpaid or are currently overpaying on services such as telecom, utilities, maintenance contracts, and other recurring bills. For more information about SIB, visit their web site at www.aboutSIB.com

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