Direct Markets, Inc., a subsidiary of Rodman & Renshaw Capital Group, Inc. (NASDAQ: RODM) and the owner and operator of DirectMarkets, an automated state-of-the-art electronic transaction platform that directly links existing public companies and investors seeking to transact primary offerings of securities, has appointed three industry leaders to further bolster its investor sales and legal teams. Jim Feingold has joined DirectMarkets as Global Head of Investor Sales. Mr. Feingold previously served as Global Head of Sales and Marketing at Portware LLC, where he was instrumental in helping the firm achieve significant global growth in sales of its electronic trading platform. Prior to joining Portware, Mr. Feingold worked at Progress Software where, as head of North American Sales for Progress’s Apama algorithmic trading products, he played a pivotal role in building the Apama business in the Americas. Mr. Feingold is a seasoned financial services veteran with more than 25 years of experience working at leading firms such as Merrill Lynch, Laidlaw Capital Management and Bloomberg Financial Markets. Richard D. Moore has been appointed Director of Investor Sales. Mr. Moore brings more than 20 years of financial services and technology experience to DirectMarkets and has an extensive understanding of the institutional trading desk and execution workflows. He has held senior-level sales positions at Pipeline Trading, Lazard Capital, and Instinet. Matthew D. Bekerman joins the Company as General Counsel. Mr. Bekerman previously served as Assistant General Counsel at Liquidnet Holdings, Inc. Earlier in his career, he worked as a Corporate Associate at Willkie Farr & Gallagher LLP, Baker Botts LLP, and Skadden, Arps, Slate, Meagher & Flom LLP. He holds a JD from Harvard Law School and a BA in economics and law & society from the State University of New York at Binghamton. Kevin Lupowitz, CEO of DirectMarkets, said, “Since the successful unveiling of our platform at the TradeTech 2012 Conference earlier this month, we have received a very positive response from the industry. As we continue to grow, it is critical that we have the strongest possible team in place. Jim, Rick and Matt bring an immense amount of experience and innate ability to our Company, and we are thrilled to have them on board. We expect to rely heavily on their acumen and industry knowledge to help us deliver our unprecedented solution to the market.”
Commenting on the recent DirectMarkets hires, Sang Lee, Managing Partner of Aite Group, a leading independent research and advisory firm focused on business, technology and regulatory issues and their impact on the financial services industry, said, “Being able to attract such talented and experienced professionals to the Direct Markets team is a testament to their innovative business model. Bringing issuers and investors closer together could function as another growth engine for the capital markets and help revitalize corporate growth.”About Direct Markets, Inc. A subsidiary of Rodman & Renshaw Capital Group, Inc., Direct Markets, Inc. operates an automated state-of-the-art electronic transaction platform to directly link existing public company issuers and investors seeking to transact primary offerings of securities. DirectMarkets will bring unprecedented, cost-efficient access to the capital markets into the C-Suite of public companies and bypass certain traditional roles typically held by investment banks that presently control the transactional process. Both investors and issuers will benefit from 24/7 seamless access to DirectMarkets’ platform through a graphical user interface (GUI) accessible via a desktop or laptop computer, as well as any mobile smart devices such as tablets or smartphones. For more information, please visit www.directmkts.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 and Direct Markets, Inc. 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. 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 16, 2012, 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.