NEW YORK, NY, United States, via ETELIGIS INC., 03/30/2015 – – Tumbleweed Holdings, Inc. (OTC Pink: DCDC) (PINKSHEETS: DCDC), announced that Barry I. Regenstein has been appointed Interim Chief Financial Officer of Tumbleweed Holdings, Inc., effective as of April 1, 2015.
Mr. Regenstein is a global senior executive, with more than 25 years of leadership experience. Mr. Regenstein most recently served as President and Chief Financial Officer of Command Security Corporation (NYSE MKT), where he drove consistent growth and profitability together with delivery of quality services. Previously, he was Senior Vice President and Chief Financial Officer for GlobeGround North America where he participated actively in international led M&A activity, as well as leading corporate finance and driving growth and profitability throughout its North American operations. He has financial and operational experience in the aviation, business services, security, transportation and technology industries. He is a Certified Public Accountant and a graduate of the University of Maryland with a Masters Degree from Long Island University.
“I am excited to join Tumbleweed and to help lead the formation of an end-to-end business intelligence company in the agro-technology sector,” commented Mr. Regenstein. “Tumbleweed is well positioned to take advantage of several exceptional business opportunities in the sector.”
“It is great to have Barry back on our team,” commented Gary Herman, Chairman and Chief Executive Officer of Tumbleweed. “I have known and worked with Barry for more than 12 years. He had tremendous success growing Command Security into one of the largest companies in its industry and we are excited to have his experience to assist in growing Tumbleweed into a national presence.”
The Company’s strategy is to pursue acquisitions and investments in the emerging legal cannabis sector, with a goal of operating businesses in product testing, business intelligence, and technology and data applications, as regulations permit. We acquire, invest in and operate both established businesses and innovation-focused start-ups with strong management teams and business models in this sector.
Opportunities under active consideration include scientific product testing facilities, software applications and data systems for the legal cannabis market, and other related product development solutions.
This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for Tumbleweed’s products, the introduction of new products, the Company’s ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company’s liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in the Company’s filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs and market acceptance of products as well as regulatory actions at the Federal and State levels. For a more detailed description of the risk factors and uncertainties affecting the Company, please refer to the Company’s Securities and Exchange Commission filings, which are available at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information please contact:
Gary Herman, Chairman & CEO
Tel: (212) 247-0581
SOURCE: Tumbleweed Holdings, Inc.