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MarketScreener Homepage  >  Equities  >  OTC Bulletin Board  >  P10 Industries Inc       

P10 INDUSTRIES INC

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P10 Industries : Holdings, Inc. Announces Anticipated Departure of Chief Financial Officer

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04/24/2018 | 12:17pm EDT

P10 Holdings, Inc. Announces Anticipated Departure of Chief

Financial Officer

Dallas, Texas (April 24, 2018) - P10 Holdings, Inc. (OTC: PIOE) today announced that it has entered into a separation agreement with Jay Powers, the company's Chief Financial Officer and Vice President of Finance. Jay will remain with the business through May 31, 2018 to support an effective transition including completion of the first quarter reporting. The timing of this event is in line with our mutual plan for Jay to complete the transformation of this business from a manufacturing business to a financial service business and increasing shareholder value. It is now time to allow Jay to utilize his skills in other business opportunities. Announcement of the successor CFO will be made at a later date.

"Jay was instrumental in the transformation of the former Active Power business from a loss making manufacturing business to a profitable and growing financial services business. He stayed on to assure the transformation and integration of the RCP Advisors business was fully accounted for and integrated with P10. We wish Jay the best of luck in his future endeavors and thank him for his leadership and excellent service throughout this transformational process to bring P10 to where it is today" said Co-CEOs Robert H. Alpert and C. Clark Webb.

About P10 Holdings

P10 Holdings is an innovative alternative asset management investment firm located in Dallas, Texas. The firm's purpose is to create long-term value for P10 Holdings shareholders by providing superior risk-adjusted returns to its Limited Partners through private equity funds-of-funds, secondary funds, and co-investment funds provided by its wholly-owned subsidiary, RCP Advisors(www.rcpadvisors.com). P10 Holdings intends to provide additional investment vehicles in other areas of alternative asset management where it believes it can generate superior returns for its Limited Partners which, over time, should generate value for P10 Holdings shareholders. Additionally, P10 Holdings will continue its plan to monetize its patents. P10 Holdings is focused on long-term value creation in opportunities where it sees significant potential for sustainable profit growth.

For more information, visit www.p10holdings.com.P10 Holdings stock trades on the OTC Pink Market, which is operated by OTC Markets Group, a centralized electronic quotation service for over-the-counter securities. P10 Holdings stock trades under the symbol "PIOE."

Information in this release is for informational purposes only and is not to be construed as an offer to sell or the solicitation of an offer to buy any security.

P10 Press and Investor Contact:

Jay Powers

CFO and Vice President, Finance (214)-999-0149 info@p10industries.com

Disclaimer

P10 Industries Inc. published this content on 24 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 April 2018 16:16:11 UTC

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Managers
NameTitle
C. Clark Webb Co-Chief Executive Officer & Director
Robert Hudson Alpert Chairman & Co-Chief Executive Officer
James A. Powers Chief Financial & Principal Accounting Officer
Fritz Souder Director
Jeff P. Gehl Director
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