WILMINGTON, DELAWARE--(Marketwire -05/23/12)- TMM, Inc. (TMMI) ("TMMI" or the "Company") is pleased to announce that Charles F. Wright, who has a long distinguished career in founding and managing diverse business interests, has joined the Company's Advisory Board.
Mr. Wright is Co-Chairman of the Fall River Group, Inc. (a manufacturing company in Wisconsin) and has been associated with the Fall River Group since 1973. He currently serves on the board of Prolitec, Inc. From 1992 to 1997, he served as chairman of Caribbean Communications Company Ltd. ("CCC"). During this time, CCC continued building and operated a radio network throughout the English-speaking Caribbean Islands. In 1997, Cumulus Media, (which was a start-up venture of Quaestus & Co. Inc.) (CMLS) acquired CCC. Since October 1991, he has also been the chairman and co-owner of Questus & Co., Inc., a venture capital firm located in Milwaukee, Wisconsin. He served as chairman and co-owner of Kilbourn Capital Management LLC, which manages the Kilbourn Diversified Strategy Fund, a hedge fund of funds, from March 2003 through October 2005. Mr. Wright was a founding member of Fall River Capital, LLC. He recently retired from the TradeStation Group (TRAD) Board, after having served for over 10 yrs, following its recent sale to the Monex Group.
During the 1980s, Mr. Wright was an IOM member of the Chicago Mercantile Exchange and actively day-traded S&P futures. He served as editor of the System Trading and Development Newsletter, published by Omega Research, Inc. He has taught several different trading seminars over the years, including System Trading and Development, and Trading as a Business. Mr. Wright served as president of the Private Industry Council of Milwaukee County from June 1996 through September 1997. The Private Industry Council was responsible for implementing and overseeing "Wisconsin Works" or "W2", Wisconsin's innovative welfare reform program, in Milwaukee County, Wisconsin during his tenure as President.
In the non-profit sector, in 2005 he stepped down as chairman of Goodwill Industries of Southeastern Wisconsin and Metropolitan Chicago, after having served on its board for 24 years, and currently serves on the board of the Second Harvest Food Bank Foundation. He is a past commissioner of the Milwaukee Social Development Commission, and a previous member of the Greater Milwaukee Committee. He served on the board of the University School of Milwaukee and the Good Hope School in St. Croix, U.S. Virgin Islands. In the private sector, Mr. Wright served as a director of U-Line Corporation for over 20 years. Uline manufactures built-in, undercounter ice making and refrigeration products.
Mr. Wright holds a Bachelor of Arts degree from the University of South Florida and a Master's Degree in Business Administration from Harvard Business School.
Mr. Wright is the author of the book, Trading as a Business, published by Omega Research, Inc. (1998).
TMM, Inc. is continuing development of its TRUDEF™ Fractal Video compression technology making it commercially viable to meet the growing demands of the high-definition video market. Charlie Wright will offer guidance to the Company in significant corporate matters, including financing of the Company's endeavors.
ON BEHALF OF THE TMMI BOARD OF DIRECTORS OF TMM, INC.:
GERARD V. CAVANAUGH, CHAIRMAN AND PRESIDENT
Safe Harbor Statement
The information in this release contains forward-looking statements which involve risks and uncertainties, including statements regarding the Company's capital needs, business strategy and expectations. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements, which may be identified by terminology such as "may", "should", "will", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential", "forecast", "project", or "continue", the negative of such terms or other comparable terminology. Readers should not rely on forward-looking statements as predictions of future events or results. Any or all of the Company's forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions, risks and uncertainties and other factors which could cause actual events or results to be materially different from those expressed or implied in the forward-looking statements. Factors may cause the Company's actual results to differ materially from any forward-looking statement. In addition, new factors emerge from time to time and it is not possible for the Company to predict all factors that may cause actual results to differ materially from those contained in any forward- looking statements. The Company disclaims any obligation to publicly update any forward-looking statements to reflect events or circumstances after the date of this document, except as required by applicable law.