The Hertz Equipment Rental Franchisee for Mongolia adds an international finance professional to the team.
LAS VEGAS, July 25, 2013 -- Consolidation Services Inc. (the "Company") (OTCBB: CNSV) and its wholly owned subsidiary, Mongolia Equipment Rental Corporation, announced that, effective August 1st, Michael Telford has been hired to fill the role of Executive Vice President at the Company.
Michael is a finance professional with senior level experience developing and executing business plans and facilitating international investment transactions. He has served in financially intensive analytical and managerial roles in financial operations, credit/underwriting, project finance, and capital markets. Past appointments include working with borrowers and institutional investors on capital investments into a variety of opportunities, from small start-ups to large infrastructure projects. During the past 13 years, Michael has focused on emerging markets and raising and deploying funding from bilateral/multilateral development organizations and private sources of capital.
As Managing Partner of HaldaneFrontier, Michael provided interim CFO, financial modeling, investment analysis, corporate strategy, strategic planning, and business plan writing services to small businesses in the US and abroad. His previous experience includes serving as CFO for Paratus Worldwide, a start-up transportation security company operating in Iraq, and as Vice President at Interlink Capital Strategies, where he was responsible for developing and operating an Iraq-wide grants program that was recognized as one of the top private sector economic development initiatives there in 2005.
Michael holds a Master's degree in International Development Finance from the American University in Washington, DC and a Bachelor's in Economics from the University of North Carolina at Chapel Hill. He has also completed US Department of State Diplomatic Security Pre-Deployment training and counter-terrorism coursework at Crisis Response International.
Michael stated, "As someone with an academic and professional background in analyzing emerging market economies and business opportunities within them, I believe it's an exciting time to focus on services supporting mining, real estate, and infrastructure development in Mongolia. I look forward to working with Former US Ambassador Michael Ussery, Brady Strahl, Gary Kucher and the other members of the Consolidation Services and Mongolia Equipment Rental Corporation teams in this rapidly expanding economy."
Consolidation Services Inc., through its wholly owned subsidiary Mongolia Equipment Rental Corporation, is the Hertz Equipment Rental provider and franchisee in Mongolia. The exclusive franchise for Mongolia allows the Company to operate a business of renting, selling and maintaining equipment for use in mining, construction, materials-handling, commercial and industrial activities under the unique plan and system of Hertz Equipment Rental Corporation and Hertz Equipment Rental System.
Mongolia is one of the fastest-growing markets in the world for foreign investment. With double-digit GDP growth (estimated at 13% by the IMF for 2013), a predominant mining sector and an influx of outside investment, the country is experiencing a boom in real estate construction. Additionally, the Government of Mongolia has committed to significant infrastructure development to enable efficient extraction and delivery of its natural resources to buyers--primarily neighboring China. Mongolia is an independent, Western-friendly Democracy of approximately 3 million people seeking to leverage its natural resource base to create a thriving modern economy.
Forward Looking Statement:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and under the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements. Without limiting the foregoing, the words "believe," "anticipate," "plan," "expect," "seek," "potential", "estimate" and similar expressions are intended to identify forward-looking statements. These statements relate to future events, including the Company's expectations regarding Mongolia's economy, development and potential growth and the Company's and its subsidiaries' business and operations in Mongolia, or to the Company's or its subsidiaries' future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements.
Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors which could impact the Company and its subsidiaries and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Disclosure: I am long CNSV.OB.
Additional disclosure: I'm an Officer & Director of Consolidation Services Inc and Mongolia Equipment Rental Corporation