Western Capital Resources, Inc. Announces Management Changes
November 22, 2017 at 10:49 pm IST
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Western Capital Resources, Inc. announced that Mr. Lawrence Berger, Chairman of the Board of Director has resigned his position, effective on November 16, 2017. And on November 20, 2017, the Board of Directors of the company appointed Mr. Jonathan D. Tipton as a director of the company. He was appointed at the direction of BC Alpha Holdings I, consistent with certain director-appointment rights earlier granted to that company. he was Senior Vice President - Investments at Blackstreet Capital Management, LLC, Blackstreet Capital Holdings, LLC, and Black Bear Sports Group, Inc. He previously worked as an analyst in the corporate finance division of Stephens Inc., a middle-market investment bank, where he gained experience in leveraged-buyouts, M&A and public offering transactions in a variety of industries.
Western Capital Resources, Inc. is a holding company. The Company's segments are Cellular Retail, Direct to Consumer, Manufacturing and Consumer Finance. The Cellular Retail segment consists of an authorized Cricket Wireless dealer and involves the retail sale of cellular phones and accessories to consumers through its subsidiary PQH Wireless, Inc. and its subsidiaries. The Direct to Consumer segment consists of an online and direct marketing retailer and distributor of live plants, seeds, holiday gifts and garden accessories under the Jackson & Perkins, Park Seed and Wayside Gardens brands, and home improvement and restoration products operating under the Van Dyke's Restorers brand. The Manufacturing segment consists of Swisher Acquisition, Inc., a manufacturer of lawn and garden power equipment and emergency safety shelters. The Consumer Finance segment consists of retail financial services conducted through its subsidiaries, Wyoming Financial Lenders, Inc. and Express Pawn, Inc.