SARASOTA, Fla., April 29, 2013 /PRNewswire/ -- Sebring Software, Inc. ("Sebring") (OTC: SMXI), today announced that Allan J. Barberio, CPA will become Sebring's chief financial officer, effective immediately.
Before joining Sebring, Mr. Barberio spent most of his career in public accounting and in 1972 co-founded Kerkering, Barberio & Co., CPAs in Sarasota, Florida. Mr. Barberio served as Managing Partner for a 15-year period, during which the firm expanded to include Kerkering, Barberio Financial Services, PA, Kerkering, Barberio Pension Services, PA, and Kerkering, Barberio Information Services, PA (now South Tech Solutions). The firm now has 120 employees. Mr. Barberio was also the court appointed trustee of a $60 million trust (public record of Sarasota County) and brought it to a successful termination in a 4-year period. Mr. Barberio remains of counsel to the firm.
"Allan is a seasoned financial executive with extensive experience in the health care industry; representing large medical practices, dental practices, and diagnostic imaging centers," said Leif Andersen, president and chief executive officer of Sebring Software. "Allan's leadership and financial acumen have been extremely instrumental in previous endeavors and I am thrilled to have him be part of the team at Sebring, as we take the company into its next phase of growth."
Mr. Barberio is a Florida licensed real estate broker and maintains an association with Gottesman Company of New York as a mergers and acquisition specialist. Mr. Barberio graduated from Penn State University in 1966 with a B.S. degree in accounting and attended graduate school at Case Western Reserve University in 1967. Mr. Barberio also serves as Board Member and Treasurer of The Economic Development Corporation of Sarasota County and as Board Member and Treasurer of the Florida Winefest Foundation.
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.
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SOURCE Sebring Software, Inc.