PENNSAUKEN, NJ — (Marketwired) — 01/20/15 — Lattice Incorporated (OTCQB: LTTC) (“Lattice” or the “Company”), a cloud-solutions provider of inmate management network systems for corrections facilities, announces the appointment of Richard Stewart and Robert Wurwarg to its Board of Directors.
The retired Vice Chairman of Lehman Brothers, Richard Stewart is the Chairman Emeritus of Heritage Capital Resources, LLC, a $1.5 billion joint venture REO fund. Over the course of his 40+ year career, he has led, privately invested, and consulted in financial services, technology, real estate, nonprofits, and large multinationals, where he managed the challenges of rapid growth, acquisitions, restructuring, buyouts, and advised on strategic interventions. In addition to Lehman Brothers, Stewart has held senior executive positions at Citicorp, Kidder Peabody, and Merrill Lynch. Stewart is a Certified Public Accountant and has an MBA in Finance and a BBA in Marketing and Finance from the University of Michigan.
Robert Wurwarg is an attorney and business advisor with more than 35 years of experience in the tax and corporate law aspects of a broad range of sophisticated business transactions including mergers, acquisitions, dispositions, restructurings, joint ventures and other investments. He has a unique combination of international law firm, Big-Four accounting firm and business experience at senior levels. Most recently, until his retirement, he was a senior tax principal in Deloitte & Touche LLP–s Mergers and Acquisitions Practice in New York and had been a tax partner at Dechert for many years. He has played a lead advisory role in hundreds of transactions and legal projects and wide ranging industries and subject matters, having a transaction value well in excess of $30 billion. Wurwarg received an LL.M in Taxation from New York University–s School of Law, a J.D. from the Georgetown University Law Center, and an M.A. from Johns Hopkins University–s Paul H. Nitze School of Advanced International Studies.
“We recognize the importance of strengthening our corporate governance to position Lattice for the future as we continue to gain market share for our industry-leading inmate management system, both domestically and internationally,” stated Paul Burgess, CEO of Lattice. “The additions of two highly experienced independent directors is a major step forward for us and we look forward to their involvement as we continue to capitalize on what we estimate to be a $5 billion market opportunity.”
Lattice Incorporated provides advanced information and communications technology solutions to corrections facilities globally. The Company–s innovative, cost-effective solutions leverage its proprietary Nexus platform, a real-time transaction processing engine, to develop and deliver customized cloud-based software applications with military-grade security for facilities that require highly secure solutions. For more information, visit .
Safe-Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, 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 risk factors disclosed in the Company–s periodic reports filed with the SEC. 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 including the risk factors disclosed in the company–s Forms 10-Q previously filed with the SEC.
Contact:
Investor Relations
Jon Cunningham
RedChip Companies, Inc.
Tel: +1-800-733-2447, ext. 107
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