Edward Rubin, Rodman & Renshaw's CEO said, “Having worked with Dian and the IRG team at various times throughout its long history, we have experienced first-hand their professionalism, expertise and enthusiasm. We are proud to welcome both the IRG employees and clients. We believe this acquisition will be complimentary to our ultimate vision for the future of DirectMarkets.”
Expressing enthusiasm and commitment to this acquisition, Dian Griesel, Ph.D., founder of IRG, said, “IRG has adapted to every change in the marketplace with an unending desire to offer the best of classic and new technology-based media services. With the DirectMarkets platform, Rodman is once again bridging the gaps between investors and issuers in smart ways for all parties. Team IRG is excited to be part of this game-changing advance in our industry.”
The new IRG offices will be located in Rodman’s midtown headquarters, while retaining the IRG name and phone number: 212.825.3210.
The official launch of DirectMarkets will take place at the TradeTech 2012 Conference in New York City that begins on March 6, 2012. Details regarding the DirectMarkets platform can be found in the news release issued by the Company on February 2, 2012. For more information about Rodman & Renshaw Capital Group, Inc. visit: www.rodm.com
About Rodman & Renshaw Capital Group, Inc.
Rodman & Renshaw Capital Group, Inc. (NASDAQ: RODM) is a holding company with a number of direct and indirect subsidiaries, including Rodman & Renshaw, LLC.
Rodman & Renshaw, LLC is a full-service investment bank dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. The company also provides research and sales and trading services to institutional investors. Rodman is the leader in the PIPE (private investment in public equity) and RD (registered direct offering) transaction markets. According to Sagient Research Systems, Rodman has been ranked the #1 Placement Agent by deal volume of PIPE and RD financing transactions completed every year since 2005. For more information visit Rodman & Renshaw on the Internet at www.rodm.com. MEMBER FINRA, SIPC
Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking statements regarding future events and financial performance including, but not limited to the timing and success of the roll-out of the DirectMarkets platform. In some cases, you can identify these statements by words such as “may,” “might,” “will,” “should,” “except,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” the negative of these terms and other comparable terminology. These statements involve a number of risks and uncertainties and are based on numerous assumptions involving judgments with respect to future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company’s control. There are or may be important factors that could cause our actual results to materially differ from our historical results or from any future results expressed or implied by such forward looking statements.
These factors include, but are not limited to, those discussed under the section entitled “Risk Factors” in our Annual Report on Form 10-K, filed March 15, 2011, which is available at the U.S. Securities and Exchange Commission website at www.sec.gov. The forward-looking statements in this press release are based upon management's reasonable belief as of the date hereof. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
