Deep Down, Inc. announced that experienced small cap investors David J. Douglas, Principal of Jamaka Capital Management, LLC, and Neal I. Goldman of Goldman Capital Management, Inc., have been appointed to the company's Board of Directors. The appointments fill two recent vacancies on the Board, expanding from two to three the number of independent Directors on Deep Down’s four person Board. Mr. Douglas is the Principal of Jamaka Capital Management, LLC, Deep Down’s institutional investor, with ownership of approximately 11% of total shares outstanding. His investment career spans over 30 years as a principal, including 25 years in the family office industry. Mr. Douglas has extensive experience investing in a variety of asset classes including public and private equity and debt, as well as multiple alternative assets. He has managed portfolios of public and private equities, and advised portfolio companies on strategic alternatives including acquisitions, divestitures and growth strategies. Mr. Douglas began his career in the investment banking division of PaineWebber in New York, concentrating on clients in the Southwestern US. Mr. Douglas has served on multiple boards and currently serves on the Board of Managers and as Acting CFO of OSS Suppressors LLC. Mr. Goldman is the President and Founder of Goldman Capital Management, Inc., one of Deep Down’s institutional shareholders for several years. Goldman Capital was founded in 1985 as an investment advisory firm and converted to a family office in 2018. He previously served as First Vice President of Research at Shearson Lehman Hutton, and has also held senior positions as a money manager and research analyst with a variety of firms including Neuberger Berman, Moseley Hallgarten Estabrook and Weeden, Bruns Nordeman, and Russ and Company. Mr. Goldman also serves as Chairman of Charles & Colvard Ltd. and as a Director of Milestone Scientific Inc. and ImageWare Systems, Inc. Prior to their acquisition, he served on the boards of Blyth Industries and IPASS Corporation.
Koil Energy Solutions, Inc. is an energy services company, which provides equipment and support services to the worldâs energy and offshore industries. Its core services and technological solutions include distribution system installation support and engineering services, umbilical terminations, loose-tube steel flying leads, and related services. It supports subsea engineering, manufacturing, installation, commissioning, and maintenance projects located anywhere in the world. Its line of solutions is engineered and manufactured for integrated, large independent, and foreign national energy companies in offshore areas throughout the world. These products are often developed in direct response to customer requests for solutions to critical needs in the field. Its products include Flying Leads, Umbilical Hardware, Installation Aids and Riser Isolation Valves and Subsea Isolation Valve Services. It designs, manufactures, and installs flying leads, particularly steel tube flying leads.
KOIL ENERGY SOLUTIONS, INC. 
