Interups Inc. announced that effective on August 4, 2016, Mark A. Zorko, resigned as Interim Chief Financial Officer, and was replaced by Laxmi Prasad. Mr. Prasad, currently designated as head of the company's Global Operations, is also becoming Chief Financial Officer on an interim basis until a full-time CFO is identified and hired by the Company. He acquired control of the company in November, 2014, and has devoted the majority of his time since then to developing the company's business, even after voluntarily relinquishing majority ownership. Mr. Prasad has held CEO, CFO and CKO responsibilities for several public and private companies in his 25+ years in the Financial Services Field, in Hyderabad, India. He has considerable experience and knowledge in corporate structuring, management, taxation and cross-border transactions, and has structured more than $3 billion in transaction opportunities. In his current position as the Company's Chief Knowledge Officer, Laxmi Prasad established an Advanced Tax Planning Practice which advises more than 110,000 tax customers and indoctrinated Self-Directed IRAs as a vehicle for Indian migrants in the US to invest their tax deferred retirement assets in India.
Interups, Inc. is engaged in the business of identifying and investing into, and acquiring business opportunities or transactions, and conducting and offering turnkey services in India. The Company researches, identifies, assesses and invests into business acquisitions or asset transactions either directly or on behalf of its stakeholders, affiliates, associate concerns and clients with its sector focus mainly into agriculture, education, financial services and merchant banking, healthcare, hospitality, infrastructure, mining and real estate. It specializes in crafting turnkey solutions involving financial and strategic challenges for a set of businesses around the world, including firms, corporations, governments, institutions, partnerships and individuals. The Company assists clients in their capital, business structuring needs and acquire or invest into them by reviewing, analyzing and modeling various structural alternatives and assisting in their financial and management needs.