Sebring Software Announces New Chief Financial Officer
CLEARWATER, Fla., May 5, 2014 /PRNewswire/ -- Sebring Software, Inc. ("Sebring") (OTC: SMXI), named Larry Colton as CFO. As the company gains momentum in Dental Practice Management (DPM), a new finance officer is primed to take Sebring into a vigorous acquisitions phase. Since September 2013, Mr. Colton has served as the company's Vice President of Finance.
"Bringing a unique skill set to the company, Mr. Colton will be critical to our success during this particular phase of the company's rapid growth. It is vital that the right talent is positioned properly throughout the organization. We are excited about the addition of Mr. Colton because he complements our management team in a special way," says Sebring CEO, Leif Andersen.
Mr. Colton has over thirty years accounting and finance experience and has held a variety of positions in several industries, including serving as CFO for a publicly traded company in the automotive claims industry from 2005 to 2010. Previously, he was Vice President of an asset management division of a financial services firm. Mr. Colton holds a Bachelor of Science degree in business administration from Elmhurst College in Illinois and an MBA from Northern Illinois University.
"The challenges of meeting the demands of the expanding DPM industry are very exciting. I am encouraged by the size and trend in the industry, which will allow us to keep growing for a long time. Also, I am eager to collaborate with the Sebring management team in a new capacity," commented Mr. Colton.
Mr. Colton oversaw Sebring's most recent acquisition of two Florida-based dental practices, bringing the total orthodontic and dental practices under management to 39 nationwide. With more growth on the horizon, Mr. Colton is poised to take Sebring into the next stage.
About Sebring Software: Sebring Software, Inc. a Nevada Corporation ("Sebring") acquired Sumotext, Inc., a publicly traded company, in October 2010. Sebring is a software company focused on the Dental Practice Management industry ("DPM"). Driven by capital and cost-efficiency, dental services providers join DPM companies to combine acquisition and organic growth to increase profitability while instilling best practice management infrastructure. While most DPMs and dental practices use different software packages, Sebring uses software solutions to substantially reduce the cost of DPM administration.
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.
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SOURCE Sebring Software, Inc.