CHICAGO, Feb. 1 /PRNewswire-FirstCall/ -- Global Capacity, Inc. (parent: Capital Growth Systems, Inc. (OTC Bulletin Board: CGSY)), the world's leading telecommunications information and logistics company, today announced that Bradford R. Higgins has joined its Board of Directors, effective January 29, 2010. Mr. Higgins assumes the seat vacated by Richard Worthy, who has resigned his Board seat to focus additional time on his existing obligations outside Global Capacity.
"We appreciate the valuable service that Richard Worthy provided to the Global Capacity Board, and we wish him well in his future endeavors," said Robert Pollan, Global Capacity Chairman.
Bradford R. Higgins will join the Board as an Independent Director, and will serve on the Board's Audit Committee. Mr. Higgins brings a wealth of capital markets, financial management, executive management, and public sector expertise to the Global Capacity Board, including extensive international experience. Mr. Higgins is currently the Managing Partner, US Investments, for SOSventures, LLC, a privately-funded, venture capital firm with a primary investment focus on environmental and energy efficiencies. Mr. Higgins also currently serves as President and Chairman of the Board of JumpStart International, a humanitarian aid organization that has conducted extensive efforts in Iraq and is currently operating in Gaza. From 2004-2009, Mr. Higgins worked for the US Department of State, serving as the Assistant Secretary of State for Resource Management & Chief Financial Officer from February 2006 – January 2009. In this capacity, his responsibilities included the Department's $30+ billion budget along with the Department's strategic and performance planning efforts. Prior to becoming CFO for the Department of State, he served two tours of service in Iraq as the Director of Strategic Planning & Assessments for the US Mission in Baghdad, and prior to that assignment, as Chief of Planning, Iraq Reconstruction Management Office, Baghdad, and Chief Financial Officer, Coalition Provisional Authority, Baghdad. Prior to his public service, Mr. Higgins spent over twenty years on Wall Street working in both investment banking and asset management, including roles as Managing Director at Bear Stearns Asset Management; Executive Vice President, Columbus Circle Investors; Managing Director, CS First Boston, (as head of Public Power and Infrastructure banking, he served as the banker/advisor to many of the largest and most successful financings in the US public sector market); and Vice President, Goldman Sachs Municipal Bond Department, co-head Tax-exempt Energy Group. Mr. Higgins started his career as a corporate associate at the law firm of Simpson Thacher & Bartlett. He received both his AB and JD from Columbia University.
"Brad Higgins is an extraordinary individual with an exemplary record of achievement in both private and public sector roles. We are pleased to welcome him to the Board of Global Capacity," said George King, Global Capacity President and Vice-Chairman, "Brad's insight and guidance will assist Global Capacity as the Company executes its strategic plans, and we look forward to his contributions to the Company's success in 2010 and beyond."
About Global Capacity
Global Capacity (parent: Capital Growth Systems, Inc.) is a telecom information and logistics company providing a fully-integrated telecommunications supply chain management system that streamlines and accelerates the process of designing, pricing, building, optimizing, and managing customized communications networks. It offers a comprehensive suite of services to enterprises, systems integrators, and carrier customers worldwide. Global Capacity is headquartered in Chicago, IL, with operational centers in Waltham, MA and Manchester, England; and with offices in Houston, TX; Glastonbury, CT; New York, NY; London, England; and Lisbon, Portugal. For more information, please visit www.globalcapacity.com or contact the company at 312-673-2400.
Certain information discussed in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements.
Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends, and uncertainties such as: the Company's inability to accurately forecast its operating results; uncertainty as to the volume of business or level of profitability of network optimization contracts; the Company's potential ability to achieve profitability or generate positive cash flow; the availability of financing; the risks associated with procuring a listing of its securities on one or more public stock markets; and other risks associated with the Company's business. For further information on factors which could impact the Company and its subsidiaries and the statements contained herein, reference should be made to the Company's filings with the Securities and Exchange Commission, including annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
SOURCE Global Capacity, Inc.