TransBioTec, maker of a revolutionary alcohol sensing system for vehicle access control, today announced the appointment Scott Painter to the position of Chief Executive Officer. Mr. Painter has a highly successful track record as an experienced CEO, growing businesses, raising capital, developing management teams, forming strategic partnerships, in addition to mergers and acquisitions.
The appointment, officially made by the Board of Directors May 1, 2012, is in conjunction with the development and deployment of TransBioTec's new transdermal alcohol sensing technology, called SOBR. The patented system combines a non-invasive alcohol sensing technology with an ignition interlock system that functions through transdermal biometric feedback. SOBR senses ethanol alcohol via sweat secretion from the hands. The blood alcohol detection technology and the ignition interlock device are connected through a microprocessor. The result is the first product on the market that is neither intrusive nor invasive, able to be fitted to any vehicle while keeping crucial aesthetic appeal for the general population. As such, it offers a unique solution to the national drunk driving epidemic.
Scott Painter has an impressive career of building business, beginning out of college in the insurance industry where he worked in Seattle for Sun Life of Canada, the world's 10th biggest insurance company. He took the Seattle agency from 52nd place out of the company's 55 agencies to 4th place, making it one of the company's most successful agencies.
He then created Painter Financial Group, Ltd., a retail broker/dealer, which he grew as CEO from a startup to 50 offices nationwide, with 485 brokers and $80 million in sales. He then sold the company to UK's Bekhor International.
Scott then co-founded and served as Managing Partner of Chanen Painter & Company, Ltd., a boutique investment bank in Seattle. The company managed financings for a wide variety of technology enterprises and other businesses, a number of which are today traded on the NASDAQ exchange.
In addition, as CEO of Bogart Golf, a retail indoor golf training firm, he raised venture capital, built out a management team, opened 16 training centers in four states, and took the firm to profitability in 22 months. He later helped a team with another company in commercializing architecture for networking and VoiP, becoming company Chairman and CEO, creating a business strategy, recruiting management, and raising $5 million to establish the company's sales and revenue stream.
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