CynergisTek Expands Expertise in Capital Markets, Investment Banking and Corporate Governance on its Board of Directors
13 August 2021 - 3:00PM
Business Wire
CynergisTek, Inc. (NYSE AMERICAN: CTEK), a leader in
cybersecurity, privacy, and compliance, today announced that it has
appointed John Flood to its board of directors. John was a founding
partner of Craig-Hallum Capital Group (“Craig-Hallum”), an equity
research, trading, and investment banking firm supporting the
company’s visibility in the public market, on their access to
high-quality institutional investors, and their stock’s liquidity
and trading profile. At Craig-Hallum, Mr. Flood led the investment
banking and institutional equity sales teams. He was also a member
of the firm’s board of governors, and executive, research, banking,
and M&A committees. Mr. Flood will be added to the audit
committee and will lead a new committee focused on investor
relations and capital market strategies.
“On behalf of the CynergisTek board, I want to welcome John to
our board of directors,” stated Robert McCashin, chairman of the
board. “As we embark on our next stage of returning to double-digit
growth and profitability and building out our long-term strategic
plan, John’s experience navigating the small-cap investor and
capital market landscape along with his corporate governance
experience will be instrumental in our efforts to communicate our
message to shareholders and attract new institutional investors.
This addition is one more step we are taking to support our
management team with the skills necessary to navigate during this
time of transition.”
“I look forward to working with the CynergisTek team and helping
them chart their path and provide the support they will need as
they ensure they have the capital and the resources to execute on
their vision,” Flood said. “I’ve worked with Mac and his team for a
number of years and couldn’t think of a better company I would want
to be a part of as they look to grow the business and increase
shareholder value.”
“This is an exciting moment for CynergisTek and its Board of
Directors,” said Mac McMillan, CEO and President. “Craig-Hallum has
been a consistent partner for CynergisTek and to have the
opportunity to have such a distinguished alum of that organization,
John Flood, join our Board is a huge step in the right direction
for the future. I look forward to working with John as we work to
grow CynergisTek.”
Flood earned a Bachelor of Science in management and economics
from the University of Minnesota Carlson School of Management.
In connection with Mr. Flood’s appointment, he was issued 15,000
restricted stock units to purchase common shares of
CynergisTek.
About CynergisTek, Inc.
CynergisTek is a top-ranked cybersecurity consulting firm
helping organizations in highly-regulated industries, including
those in healthcare, government, and finance navigate emerging
security and privacy issues. CynergisTek combines intelligence,
expertise, and a distinct methodology to validate a company's
security posture and ensure the team is rehearsed, prepared, and
resilient against threats. Since 2004, CynergisTek has been
dedicated to hiring and retaining experts who bring real-life
experience and hold advanced certifications to support and educate
the industry by contributing to relevant industry associations. For
more information, visit www.cynergistek.com or follow us on Twitter
or Linkedin.
Cautionary Note Regarding Forward Looking Statements
This release contains certain forward-looking statements
relating to the business of CynergisTek, Inc. (the “Company”).
These forward-looking statements are within the meaning of Section
27A of the Securities Act of 1933, as amended (the “Securities
Act”) and Section 21E of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”) and can be identified by the use of
forward-looking terminology such as “believes,” “expects,”
“anticipates,” “would,” “could,” “intends,” “may,” “will,” or
similar expressions. Such forward-looking statements involve known
and unknown risks and uncertainties, including but not limited to
uncertainties relating to product/services development; long and
uncertain sales cycles; the ability to obtain or maintain
proprietary intellectual property protection; future capital
requirements; competition from other providers; the ability of the
Company’s vendors to continue supplying the Company with supplies
and services at comparable terms and prices; the Company’s ability
to successfully compete and introduce enhancements and new features
that achieve market acceptance and that keep pace with
technological developments; the Company’s ability to maintain its
brand and reputation and retain or replace its significant
customers; cybersecurity risks and risks of damage and
interruptions of information technology systems; the Company’s
ability to retain key members of management and successfully
integrate new executives; the Company’s ability to complete
acquisitions, strategic investments, entry into new lines of
business, divestitures, mergers or other transactions on acceptable
terms, or at all; potential risks and uncertainties relating to the
existing and ultimate impact of COVID-19, including the geographic
spread, the severity of the virus, the duration of the COVID-19
outbreak, actions that may be taken by governmental authorities to
contain the COVID-19 outbreak or to treat its impact, and the
potential negative impacts of COVID-19 on the global economy and
financial markets, and other factors that may cause actual results
to be materially different from those described herein as
anticipated, believed, estimated or expected. Certain of these
risks and uncertainties are or will be described in greater detail
in the Company’s Form 10-K and Form 10-Q filings with the
Securities and Exchange Commission, which are available at
http://www.sec.gov. Given the risks and uncertainties, readers
should not place undue reliance on any forward-looking statement
and should recognize that the statements are predictions of future
results which may not occur as anticipated. Many of the risks
listed above have been, and may further be, exacerbated by the
COVID-19 pandemic, including its impact on the healthcare industry.
Actual results could differ materially from those anticipated in
the forward-looking statements and from historical results, due to
the risks and uncertainties described herein, as well as others not
now anticipated. CynergisTek is under no obligation (and expressly
disclaims any such obligation) to update or alter its
forward-looking statements whether as a result of new information,
future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20210813005005/en/
Investor Relations Contact: Paul Anthony (949) 382-1419
InvestorRelations@CynergisTek.com
Media Contact: Allison + Partners Jaime Tero (415)
755-8639 jaime.tero@allisonpr.com
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