MoneyLogix Announces New Management & Board of Directors
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CONCORD, ONTARIO, May 19 (MARKET WIRE) --
MoneyLogix Group, Inc. (OTCBB: MLXG) is pleased to welcome its new
Management and Board of Directors. Joining the team are: Mike Knarr,
President & CEO; Gary Cilevitz, CFO & Corporate Secretary; Adam Seanor,
EVP, Business Development; and, Tom Copeland, EVP, Investments. In
addition, Alex Haditaghi will be joining Mr. Knarr and Mr. Cilevitz on
MoneyLogix' Board of Directors as Chairman of the Board of Directors.
Working out of MoneyLogix' new offices in Concord, the management intends
to apply its experience to MoneyLogix' focus on creating value through
timely acquisitions, investing in value enhancement tactics and executing
the best exit strategies for each investment property.
Alex Haditaghi, Founder and Chairman of the Board of Directors
Alex Haditaghi has been working in the mortgage industry since 1999. He
has worked with some of the top financial institutions in the country and
has solid relationships with leading mortgage brokers and lenders.
Realizing a need for an online mortgage brokerage in Canada, Mr.
Haditaghi formed Lending Tree Canada in 2000, serving as CEO and
President until he founded MortgageBrokers.com in 2005.
Michael Knarr, President & Chief Executive Officer
Mr. Knarr has been working in the consumer finance sector in Canada in a
variety of senior management positions with General Electric from 1995 to
2008. In his last role at GE as COO of GE Money, Mr. Knarr was central to
the launch, growth and eventual wind-down of GE's deposit-taking
financial institution regulated under the Trust and Loan Companies Act,
and was responsible for all operational elements. Mr. Knarr has an HBA
from Wilfrid Laurier University.
Gary Cilevitz, Chief Financial Officer & Corporate Secretary
Mr. Cilevitz is a CA with 15 years experience in Canadian and American
accounting with a focus in high growth public companies. Prior to
MoneyLogix, Mr. Cilevitz held the position of CFO at Richview Resources
Inc., a TSX listed company. During his tenure at Richview, he managed all
finance, accounting, disclosure and regulatory filings.
Tom Copeland, EVP, Investments
Prior to MoneyLogix, Mr. Copeland was the Vice President, Finance for
Easton's Group of Hotels where he was responsible for all aspects of the
business including: finance, strategy, contract negotiation,
administration and operations. During his 10 years, Easton's experienced
double digit growth adding seven hotels and 1,200 rooms. Mr. Copeland
holds an MBA from the University of Toronto.
Adam Seanor, EVP, Business Development & Investor Relations
As an equity research analyst with Clarus Securities, Mr. Seanor was
responsible for coverage of TSX-listed, financial companies including
banks, finance companies, and asset managers. Prior to that, Mr. Seanor
held a similar role at Blackmont Capital. Mr. Seanor was awarded the CFA
designation in 2003 and has an MBA from the Schulich School of Business.
MoneyLogix would also like to advise investors that it filed its 10-Q for
the period ending March 31, 2009 on May 15, 2009. Investors can view this
filing at www.sec.gov.
About MoneyLogix Group, Inc.:
MoneyLogix Group Inc., based in Concord, Ontario, is an early stage
capital investment company focussed on opportunistic acquisitions in the
real estate market. It is a publicly traded company and quoted on the
Nasdaq OTC Bulletin Board (Symbol: MLXG).
MoneyLogix' New Contact Information:
MoneyLogix Group, Inc.
9000 Keele St., Unit 4
Concord, Ontario, L4K 0B3
905-761-1400
www.MoneyLogixGroup.com
info@moneylogixgroup.com
Safe Harbor and Caution Regarding Forward Looking Statements
Statements included in this press release, which are not historical in
nature, are intended to be, and are hereby identified as 'Forward-Looking
Statements' for purposes of safe harbor provided by Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-Looking Statements
may be identified by words including 'anticipate,' 'await,' 'envision,'
'foresee,' 'aim at,' 'plans,' 'believe,' 'intends,' 'estimates,'
'expects' and 'projects' including without limitation, those relating to
the company's future business prospects, and are subject to certain risks
and uncertainties that could cause actual results to differ materially
from those indicated in the Forward-Looking Statements. Please be aware
that any opinions, estimates or forecasts regarding MoneyLogix Group,
Inc.'s performance made by analysts are not endorsed by MoneyLogix Group
Inc. and do not represent the opinions, estimates or forecasts of
MoneyLogix Group, Inc. or its management. Readers are directed to the
company's filings with the U.S. Securities and Exchange Commission for
additional information and a presentation of the risks and uncertainties
that may affect the company's business and results of operations.
www.sec.gov.
Contacts:
MoneyLogix Group, Inc.
Adam Seanor
416-258-5146
Copyright 2009, Market Wire, All rights reserved.
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