RESTON, Va., Nov. 08, 2016 (GLOBE NEWSWIRE) -- STG Group, Inc. (OTCQB:STGG), a leading provider of mission-critical technology, cyber, and data solutions to the U.S. Government, announced today that Mr. Paul Rempfer has joined STG as Senior Vice President of Business Development. In this role, he will work with STG senior leadership and have management and operational oversight of the company's capture, business development, and proposal management organizations. Mr. Rempfer's appointment was effective from November 1, 2016. Mr. Rempfer brings more than 20 years of executive experience, having led business development organizations that have captured over $2 billion in contracts across cyber security, intelligence, and critical infrastructure domains. Mr. Rempfer has experience driving strong growth across both new and established enterprises, and he possesses the industry relationships, insights and know-how to help expand STG's strategic opportunities, build partnerships, and advance its corporate growth agenda. Phil Lacombe, President of STG, commented, "We are very excited to have Paul leading our business development team. We believe that his understanding of critical national security missions and the cyber environment will enable us to continue expanding our support for key government customers. I am very familiar with Paul's success in leading complex capture efforts and diverse business development teams and am delighted to have him on the STG leadership team." Prior to joining STG, Mr. Rempfer served as a Principal at Booz Allen Hamilton Inc. At Booz Allen, he had responsibility for leading the corporate business development strategy for pursuits in the cyber and intelligence domains. Prior to Booz Allen, he held operational and executive management roles with ManTech International Corporation, General Dynamics Corporation, Secure Mission Solutions, Inc. and Noblis. "I'm excited to be joining a true industry leader like STG with its unwavering commitment to staying ahead of the curve with innovative solutions in the defense of our nation. I'm looking forward to helping STG grow and succeed in the near future," said Mr. Rempfer.
Mr. Rempfer earned a BA from The University of Iowa.About STGSTG Group, Inc. is a leading provider of mission-critical technology, cyber and data solutions to more than 50 US Federal Agencies. Applying decades of experience, the company works to ensure the security of the digital domain, the effectiveness of complex IT systems and the delivery of quality intelligence to decision makers. STG is a Washington Technology Top 100 Company. Visit STG at www.stg.com. Forward-Looking StatementsThis press release contains forward-looking statements that involve risks and uncertainties concerning STG, STG's expected financial performance, as well as STG's strategic and operational plans. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. Terms such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties. The potential risks and uncertainties include, among others, risks relating to success in retaining or recruiting officers, key employees or directors, the potential liquidity and trading of our securities, and the size of our addressable markets and the amount of U.S. government spending on private contractors. In addition, please refer to risks described in the "Risk Factors" in STG's Annual Report on Form 10-K for the year ended December 31, 2015 and filed with the SEC. Please also refer to the other documents that STG filed with the SEC on Forms 10-K, 10-Q and 8-K. The filings by STG identify and address other important factors that could cause its financial and operational results to differ materially from those contained in the forward-looking statements set forth in this press release. STG is under no duty to update any of the forward-looking statements after the date of this press release to conform to actual results.
STG Group, Inc. Contact:Bobby Winters, Alpha IR Group 929-266-6315STGG@alpha-ir.com