IRVINE, Calif., Nov. 19, 2013 /PRNewswire/ -- DecisionPoint™ Systems, Inc. (OTCQB: DPSI), a leading provider and integrator of Enterprise Mobility, Wireless Applications and RFID solutions, announces that it has appointed Robert Schroeder to its Board of Directors to fulfill a condition of the previously announced financing of $3.83 million of Series E Preferred Stock. Mr. Schroeder takes the seat held by former director Maydan Rothblum, who resigned earlier this year.
Mr. Schroeder has served as Vice President of Investment Banking of Taglich Brothers, Inc. since 1993 and specializes in advisory services and capital raising for small public and private companies. Prior to that, Mr. Schroeder served as a Senior Equity Analyst publishing sell-side research on publicly traded companies, and has served in various positions in the brokerage and public accounting industry. Mr. Schroeder received a B.S. degree in accounting and economics from New York University. He currently serves on the board of directors of Air Industries Group (a NYSE-listed company), a manufacturer of aerospace parts and assemblies, Globalwise Investments, Inc. (an OTCBB-listed company), a provider of cloud-based enterprise content management solutions, and privately held APR LLC, an automotive engineering firm providing performance aftermarket products and software.
Nicholas Toms, Chief Executive Officer of DecisionPoint, stated, "We welcome Rob to our board. He brings superb analytical skills and a wealth of experience from the financial markets which we believe will be extremely beneficial to the Company and its stockholders. We look forward to working with him."
Robert Schroeder stated, "I am very pleased to join DP's board and look forward to helping its future direction and performance."About DecisionPoint™ Systems, Inc. DecisionPoint Systems, Inc. delivers improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers. They do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes the latest wireless, mobility, and RFID technologies.