Sebring Software Announces Four New Board Appointments
SARASOTA, Fla., Aug. 12, 2013
SARASOTA, Fla., Aug. 12, 2013 /PRNewswire/ --Sebring Software, Inc.
("Sebring") (OTC: SMXI), today announced new additions to its Board of
Directors. On August 1, 2013, the Company's Board of Directors appointed Dr.
Dennis Buchman, Mr. W. David Tompkins, Jr., Mr. Jeffery L. Carrier, and Mr.
Joel D. Fedder to fill the four vacancies on the Company's Board of Directors.
Each of the new members will serve on the Board of Directors of the Company
until their resignation or removal.
"These well-accomplished board appointments bring to the company varied and
extensive experience which will greatly enhance the implementation of our
growth strategy," said Leif Andersen, president and chief executive officer of
Sebring Software. "These key additions highlight the progress we continue to
make, and I am pleased to have them join our Board of Directors. This esteemed
group possesses critical skills in leadership, mergers and acquisitions,
finance, legal, sales and marketing, accounting and tax, healthcare, and the
dental and orthodontic fields, which will be extremely important as the
company enters its next phase of growth."
Dr. Buchman, age 61, received his M.S. Degree from West Virginia University in
1979. Since that time, Dr. Buchman has worked in private orthodontic practice.
Dr. Buchman was one of the founding doctors of OCA, Inc., a public company,
where he served as executive vice president and board member until 2006. Since
that time he has served as a partner at A&D Orthodontic Management Corporation
and Orthodontic Specialists Management.
Dr. Buchman will serve as chair of the Company's Acquisition Committee and
will serve on the Company's Compensation, Audit, and Corporate Governance
Mr. Tompkins, age 50, received a B.S. degree in mechanical engineering from
the United States Military Academy in West Point, New York in 1985 and an
M.B.A from the Stanford Graduate School of Business in 1992. Since that time,
he has held various executive positions in San Francisco including Accenture;
Vice President of Sales and Marketing at i2 Technologies; and Chief Operating
Officer at WorldChain, Inc. He then moved to Louisville, KY to serve as Chief
Marketing Officer for Churchill Downs, Inc., and currently serves as a
Founding Partner of an Atlanta-based start-up, LiveTech, LLC.
Mr. Tompkins will serve as chair of the Company's Compensation Committee and
will serve on the Company's Acquisition, Audit, and Corporate Governance
Mr. Carrier, age 62, is a Florida CPA and received a B.S. degree in accounting
from Florida State University in 1973. Since that time, Mr. Carrier worked for
a "Big 4" accounting firm from 1973-1978, served as CFO of publicly traded
companies listed on the NYSE and NASDAQ stock markets from 1978-1984, acted as
a financial sector expert providing expert witness testimony in US courts from
1984 to the present, founded and managed a large financial institution
outsourcing and consulting firm from 1984-2003, worked as a subject matter
technical expert for the International Monetary Fund since 2003, and served as
a Bank Board member and Audit Committee Chairman of a publicly traded
financial institution, 1st United Bancorp, Inc., since 2003.
Mr. Carrier will serve as chair of the Company's Audit Committee and will
serve on the Company's Acquisition, Compensation, and Corporate Governance
Mr. Fedder, age 81, received a B.A. degree in economics from Goddard College,
an AA degree in accounting from John Hopkins University, and a JD degree from
the University of Maryland School of Law. Mr. Fedder is currently "Of Counsel"
to the law firm of Fedder & Garten, P.A., where he practiced Tax and Corporate
law for over 20 years, and is Chairman of the Board of The Fedder Company and
Fedder Management Corporation, real estate development and management
companies, respectively. Mr. Fedder previously served on the Board of
Directors of DMW, Inc., on the Advisory Board of the Columbia Bank of
Maryland, The Sheppard and Enoch Pratt Health Systems, Inc., North Arundel
Hospital, The United Way of Central Maryland, the American Heart Association,
Maryland affiliate, and The Marie Selby Botanical Gardens, where he was
Treasurer and Chair of the Investment and the Science Committees. Mr. Fedder
currently serves on the Board of Directors of The Sarasota / Manatee Jewish
Federation, Inc., serves on the Board of Trustees of the Sarasota Opera
Company, serves on the National Summit Council of The Sierra Club, serves on
the Board of Visitors of the University of Maryland School of Law, and is a
member of the National Association of Corporate Directors.
Mr. Fedder will serve as chair of the Company's Corporate Governance Committee
and will serve on the Company's Acquisition, Compensation, and Audit
About Sebring Software: Sebring Software, Inc. a Nevada Corporation
("Sebring") acquired Sumotext, Inc., a publicly traded company, in October
2010. Sebring is in the software business and is focused on the Dental
Practice Management industry ("DPM"). DPM companies combine acquisition and
organic growth to boost revenues while instilling best practice management
infrastructure to increase the dental practices' profitability. Capital and
cost efficiency have driven the dental services industry to join DPM companies
rather than remain as sole practitioners. Most DPMs and dental practices use
different software packages. Sebring plans to use software solutions to
substantially reduce the cost of DPMs data entry.
Safe Harbor: This release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities Act of 1933,
the Securities Exchange Act of 1934, and the Private Securities Litigation
Reform Act of 1995. Prospective investors are cautioned that forward-looking
statements are not guarantees of future performance and involve risks and
uncertainties, and actual results may differ materially from those
contemplated by such forward-looking statements. Important factors known to
management that could cause actual results to differ materially from those in
forward-looking statements include fluctuation of operating results, ability
to compete successfully, and ability to complete before-mentioned
transactions. The Company undertakes no obligation to update or revise
forward-looking statements to reflect changed assumptions, the occurrence of
unanticipated events, or changes to future operating results.
SOURCE Sebring Software, Inc.
Contact: Jeff Ramson, Founder & CEO, ProActive Capital Group, LLC,
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