PRINCETON, N.J., July 1, 2015 /PRNewswire/ -- Dataram Corporation (NASDAQ: DRAM), a leading independent manufacturer of memory products and provider of performance solutions, today announced two appointments to its Board of Directors. In the second half of June, the Company welcomed Trent D. Davis, President and COO, Whitestone Investment Network, Inc., and Edward Karr, Founder and CEO, RAMPartners S.A., to its Board. The Board also accepted the resignation of Jon Isaac as Director in connection with a series of private transactions in which Isaac Capital Group LLC sold a majority of its Series A Preferred Stock to a series of third-party investors.
"Edward and Trent have deep financial and business expertise, and we are pleased to welcome them to Dataram's Board of Directors," said Dave Moylan, Dataram Chairman and CEO. "Trent and Edward bring a wealth of global public and private company experience, proven investor relations and investment experience, and strong insights that come from running successful global companies and fast-emerging startups. Each is a strong addition to our board and the appointments will help us to achieve our intention to build a board comprised of world-class, independent directors. We also thank Jon Isaac for his service as a director during our financial recapitalization period that commenced last fall."
Trent D. Davis is President and COO of Whitestone Investment Network, Inc., which specializes in providing executive advisory services to small entrepreneurial companies, as well as restructuring, recapitalizing, and making strategic investments in small- to mid-size companies. Trent is also currently the Chairman of the Board for Majesco Entertainment Company, which is an innovative developer, marketer, publisher, and distributor of interactive entertainment for consumers around the world. From November 2013 until July 2014, Mr. Davis served as the President and a director of Paulson Capital Corp. until he successfully completed the reverse merger of Paulson with VBI Vaccines. He now serves as a member of its board of directors and its audit committee. Trent was also the Chief Executive Officer of Paulson Investment Company, a subsidiary of Paulson Capital Corp, from July 2005 until October 2014, where he supervised all operations and over 200 investment representatives overseeing $1.5 billion in client assets. Prior to that, commencing in 1996, he served as Senior Vice President of Syndicate and National Sales of Paulson Investment Company, Inc. Mr. Davis has extensive experience in capital markets and brokerage operations and is credited with overseeing the syndication of approximately $600 million for over 50 client companies in both public and private transactions. In 2003, he served as a board member, and was Chairman of the National Investment Banking Association. Mr. Davis holds a B.S. in Business and Economics from Linfield College and an M.B.A. from the University of Portland and held the following FINRA Licenses: Series 7, 24, 63, 66, and 79.
Edward Karr is the founder and CEO of RAMPartners S.A., a Geneva-based investment management and investment banking firm that he founded in 2005, and also a Director of the Board for Pershing Gold, a gold and precious metals exploration company that is pursuing exploration, development, and mining opportunities primarily in Nevada. He has more than 20 years of capital markets experience as a financial analyst, money manager and investor. Since 2005, RAMPartners has helped raise more than $200 million for small capitalization companies in fields such as natural resources, high technology, health care and clean energy. Prior to founding RAMPartners, Mr. Karr managed a private Swiss asset management, investment banking and trading firm based in Geneva for six years. At the firm, he was responsible for all of the capital market transactions, investment and marketing activities. Prior to moving to Europe, Mr. Karr worked for Prudential Securities in the United States and has been in the financial services industry for over twenty years. Before his entry into the financial services arena, Mr. Karr was affiliated with the United States Antarctic Program and spent thirteen consecutive months working in the Antarctic, receiving the Antarctic Service Medal for winter over contributions of courage, sacrifice and devotion. Mr. Karr studied at Embry-Riddle Aeronautical University, Lansdowne College in London, England and received a B.S. in Economics/Finance with Honours (magna cum laude) from Southern New Hampshire University. Mr. Karr has lived in Geneva since 1997. He is a current board member and past President of the American International Club of Geneva and Chairman of Republican's Overseas Switzerland.
In addition to Davis and Karr, Dataram's Board of Directors consists of David Moylan, Dataram Chairman and CEO, Richard Butler, Director LiveDeal Inc., and Michael Markulec, President and CEO, Axon Ghost Sentinel, Inc., all of whom, except for Moylan, are independent directors.
"As we move forward with our turnaround, it's a significant benefit to be able to get advice from a board made up of such experienced business, financial and technology leaders," said Dave Moylan, Chairman and CEO, Dataram. "Trent and Edward have had numerous diverse experiences throughout their successful careers. I appreciate their support, as well as the ongoing support from all of our directors."
About Dataram Corporation
Dataram is a leading independent manufacturer of memory products and provider of performance solutions that increase the performance and extend the useful life of servers, workstation, desktops and laptops sold by leading manufacturers such as Dell, Cisco, Fujitsu, HP, IBM, Lenovo and Oracle. Dataram's memory products and solutions are sold worldwide to OEMs, distributors, value-added resellers and end users. Additionally, Dataram manufactures and markets a line of Intel Approved memory products for sale to manufacturers and assemblers of embedded and original equipment. 70 Fortune 100 companies are powered by Dataram. Founded in 1967, the Company is a US based manufacturer, with presence in the United States, Europe and Asia. For more information about Dataram, visit www.dataram.com.
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The information provided in this press release may include forward-looking statements relating to future events, such as the development of new products, pricing and availability of raw materials or the future financial performance of the Company. Actual results may differ from such projections and are subject to certain risks including, without limitation, risks arising from: changes in the price of memory chips, changes in the demand for memory systems, increased competition in the memory systems industry, order cancellations, delays in developing and commercializing new products and other factors described in the Company's most recent Annual Report on Form 10-K, filed with the Securities and Exchange Commission, which can be reviewed at www.sec.gov. The Company has based these forward-looking statements on its current expectations and assumptions about future events. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, and other risks, contingencies, and uncertainties, most of which are difficult to predict and many of which are beyond the Company's control. The Company does not assume any obligations to update any of these forward-looking statements.
Dataram Contact: Jeffrey Goldenbaum Director, Marketing 609.799.0071 firstname.lastname@example.org
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