Sebring Software Announces Four New Board Appointments

SARASOTA, Fla., Aug. 12, 2013 /PRNewswire/ -- Sebring Software, Inc. ("Sebring") (OTC: SMXI), today announced new additions to its Board of Directors. On August 1, 2013, the Company's Board of Directors appointed Dr. Dennis Buchman, Mr. W. David Tompkins, Jr., Mr. Jeffery L. Carrier, and Mr. Joel D. Fedder to fill the four vacancies on the Company's Board of Directors. Each of the new members will serve on the Board of Directors of the Company until their resignation or removal.

"These well-accomplished board appointments bring to the company varied and extensive experience which will greatly enhance the implementation of our growth strategy," said Leif Andersen, president and chief executive officer of Sebring Software. "These key additions highlight the progress we continue to make, and I am pleased to have them join our Board of Directors. This esteemed group possesses critical skills in leadership, mergers and acquisitions, finance, legal, sales and marketing, accounting and tax, healthcare, and the dental and orthodontic fields, which will be extremely important as the company enters its next phase of growth."

Dr. Buchman, age 61, received his M.S. Degree from West Virginia University in 1979. Since that time, Dr. Buchman has worked in private orthodontic practice. Dr. Buchman was one of the founding doctors of OCA, Inc., a public company, where he served as executive vice president and board member until 2006. Since that time he has served as a partner at A&D Orthodontic Management Corporation and Orthodontic Specialists Management.

Dr. Buchman will serve as chair of the Company's Acquisition Committee and will serve on the Company's Compensation, Audit, and Corporate Governance Committees.

Mr. Tompkins, age 50, received a B.S. degree in mechanical engineering from the United States Military Academy in West Point, New York in 1985 and an M.B.A from the Stanford Graduate School of Business in 1992. Since that time, he has held various executive positions in San Francisco including Accenture; Vice President of Sales and Marketing at i2 Technologies; and Chief Operating Officer at WorldChain, Inc. He then moved to Louisville, KY to serve as Chief Marketing Officer for Churchill Downs, Inc., and currently serves as a Founding Partner of an Atlanta-based start-up, LiveTech, LLC.

Mr. Tompkins will serve as chair of the Company's Compensation Committee and will serve on the Company's Acquisition, Audit, and Corporate Governance Committees.

Mr. Carrier, age 62, is a Florida CPA and received a B.S. degree in accounting from Florida State University in 1973. Since that time, Mr. Carrier worked for a "Big 4" accounting firm from 1973-1978, served as CFO of publicly traded companies listed on the NYSE and NASDAQ stock markets from 1978-1984, acted as a financial sector expert providing expert witness testimony in US courts from 1984 to the present, founded and managed a large financial institution outsourcing and consulting firm from 1984-2003, worked as a subject matter technical expert for the International Monetary Fund since 2003, and served as a Bank Board member and Audit Committee Chairman of a publicly traded financial institution, 1st United Bancorp, Inc., since 2003.

Mr. Carrier will serve as chair of the Company's Audit Committee and will serve on the Company's Acquisition, Compensation, and Corporate Governance Committees.

Mr. Fedder, age 81, received a B.A. degree in economics from Goddard College, an AA degree in accounting from John Hopkins University, and a JD degree from the University of Maryland School of Law. Mr. Fedder is currently "Of Counsel" to the law firm of Fedder & Garten, P.A., where he practiced Tax and Corporate law for over 20 years, and is Chairman of the Board of The Fedder Company and Fedder Management Corporation, real estate development and management companies, respectively. Mr. Fedder previously served on the Board of Directors of DMW, Inc., on the Advisory Board of the Columbia Bank of Maryland, The Sheppard and Enoch Pratt Health Systems, Inc., North Arundel Hospital, The United Way of Central Maryland, the American Heart Association, Maryland affiliate, and The Marie Selby Botanical Gardens, where he was Treasurer and Chair of the Investment and the Science Committees. Mr. Fedder currently serves on the Board of Directors of The Sarasota / Manatee Jewish Federation, Inc., serves on the Board of Trustees of the Sarasota Opera Company, serves on the National Summit Council of The Sierra Club, serves on the Board of Visitors of the University of Maryland School of Law, and is a member of the National Association of Corporate Directors.

Mr. Fedder will serve as chair of the Company's Corporate Governance Committee and will serve on the Company's Acquisition, Compensation, and Audit Committees.

About Sebring Software: Sebring Software, Inc. a Nevada Corporation ("Sebring") acquired Sumotext, Inc., a publicly traded company, in October 2010.  Sebring is in the software business and is focused on the Dental Practice Management industry ("DPM"). DPM companies combine acquisition and organic growth to boost revenues while instilling best practice management infrastructure to increase the dental practices' profitability. Capital and cost efficiency have driven the dental services industry to join DPM companies rather than remain as sole practitioners. Most DPMs and dental practices use different software packages. Sebring plans to use software solutions to substantially reduce the cost of DPMs data entry. 

Safe Harbor: This release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933, the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995.  Prospective investors are cautioned that forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. Important factors known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, ability to compete successfully, and ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results.

SOURCE Sebring Software, Inc.



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