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Posted: OCT 16, 2008
Ken
Hedrick Joins CSMG Technologies as Interim Chief Financial
Officer
Corpus Christi, TX, October 16, 2008 -- CSMG Technologies,
Inc., (OTCBB: CTGI
- News),
a technology management company, announced that Ken
Hedrick has joined CSMG Technologies as Interim Chief
Financial Officer.
Don Robbins, President and CEO of CSMG Technologies,
said: "In our opinion Mr. Hedrick has had a highly
successful 31 year career in professional accounting,
financial and administrative management with versatile
experience concentrated on creating value through sound
financial, accounting and administrative functions.
He holds an MBA and has solid experience in financial
reporting for both internal and external purposes for
both publicly and privately owned companies, with over
15 years experience of SEC Reporting. With Big Four
(4) Public Accounting experience consisting of Financial,
Operational Audits, Project Manager, Senior Auditor
and Management Advisory Services, Mr. Hedrick has successfully
completed consulting projects as Interim CFO and Corporate
Controller for publicly owned companies listed on the
NASDAQ and American Stock Exchanges, as well as OTC
Bulletin Board companies."
Mr. Hedrick's consulting experience includes TYCO International,
BP America, Health South Corporation, Anadarko Petroleum,
Calpine Corporation, and held positions as CFO Industrial
Data Systems Corporation, Inc. and Entourage International,
Inc. He has been Chief Financial Officer and Director
of Industrial Data Systems, Inc. from 1997 to 2002 and
Chief Financial Officer of RMI Pendragon, Inc. from
2002 to 2004 and currently has had a successful consulting
firm since 2004.
K. Bruce Jones has been instrumental in developing
technologies for our Clean Energy Division and will
now lead the green energy division.
About CSMG Technologies, Inc.
CSMG Technologies, Inc. together with its subsidiaries
operates as a technology management company. The company
engages in owning, developing, patenting, managing,
licensing, and marketing technologies including live
tissue bonding "Live Tissue Connect, Inc." and recently
purchased Carbon Capture Technology, Inc., CO2 (carbon
dioxide) separation for coal-fired power plants.
For further information on CSMG Technologies and its
various subsidiaries, please visit our website at www.csmgtechinternational.com.
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This press release may contain forward-looking information
within the meaning of Section 21E of the Securities
Exchange Act of 1934 as amended (the Exchange Act),
including all statements that are not statements of
historical fact regarding the intent, belief or current
expectations of the company, its directors or its officers
with respect to, among other things: (i) the company's
financing plans; (ii) trends affecting the company's
financial condition or results of operations; (iii)
the company's growth strategy and operating strategy;
and (iv) the declaration and payment of dividends. The
words "may," "would," "will," "expect," "estimate,"
"anticipate," "believe," "intend" and similar expressions
and variations thereof are intended to identify forward-looking
statements. Investors are cautioned that any such forward-looking
statements are not guarantees of future performance
and involve risks and uncertainties, many of which are
beyond the company's ability to control, and that actual
results may differ materially from those projected in
the forward-looking statements as a result of various
factors.
CONTACT:
CSMG Technologies, Inc.
Donald S. Robbins, 361-887-7546
President and CEO
or
K. Bruce Jones, 770-955-0409
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