SALT LAKE CITY, UTAH – 7/2/2016 (PRESS RELEASE JET) — Infrastructure Developments Corporation (OTC QB “IDVC”) announced today that Stanley K. Loo has accepted a position as a Director and Chief Financial Officer of the Company.
“Stan Loo has extensive experience in all aspects of business finance,” said IDVC CEO Eric Montandon. “His expertise will be critical in our due diligence process and our evaluation and pursuit of new business ventures.”
Mr. Loo stated that “There are a lot of exciting prospects for IDVC, with the acquisition of Bidlive, and I am looking forward to joining the team and the opportunity to help position the company to move to the next level.”
Mr. Loo is the President of SL Consulting providing guidance to companies in obtaining financing and improving operating efficiencies. From 2009 to 2011, he was a Director at Archon Group, Goldman Sachs Specialty Lending Group where he provided financing to specialty finance companies. From 2005 to 2009, Mr. Loo was a Principal and Chief Information Officer at Remark Capital Group. From 2000 to 2005, he was Associate Director at WestLB, where he structured securities such as warehouse lines, term securitizations, structured debt, and bridge loans utilizing a variety of conventional and exotic assets. In 2000, he was Assistant Vice President at Rothschild Inc, where he analyzed and structured securities for the firm’s corporate clients. From 1997 to 1999, Mr. Loo was Assistant Vice President at Nomura Securities, where he served in a broad range of financial transactions for consumer finance clients and for the firm’s own book. From 1990 to 1997, Mr. Loo was Vice President at Aegis Holdings Group, where he devised strategies for the firm’s entry into new lines of business and management of existing enterprises. In 1990, he was a programmer at The Options Group, where he wrote software to analyze the price of stock options. From 1988 to 1989, Mr. Loo was an engineer at Plessey Electronics. Mr. Loo graduated from The Cooper Union in 1986 with a Bachelors of Engineering in Electrical Engineering.
Infrastructure Developments Corporation:
IDVC is a US publicly listed project management and engineering firm, headquartered in the United States. IDVC’s mission is to bring world-class execution to the international construction and project management industry and to expand into selected complementary businesses in high-growth international markets.
A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties including the Company’s development, competitive market conditions, and its prospects for securing additional sources of financing as required. The actual results that the Company may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. The Company encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-Q and Form 10-K. The Company’s public filings may be viewed at www.sec.gov.
SOURCE: Infrastructure Developments Corporation
Distributed by Press Release Jet
Company Name: Infrastructure Developments Corporation
Contact Person: Cyril Means, CEO
Phone: +1 (801) 488 2006
Country: United States