Ameri100 announces appointments of seasoned business executives to Advisory Board
By AMERI100, September 5, 2018
AMERI Holdings, Inc. (NASDAQ: AMRH) (“Ameri100” or the “Company”), a specialized SAP® cloud, digital and enterprise services company, today announced the appointments of Megan Huff, Terry Laudal, Mahesh Nagaraj and Dominic Shelley to its Advisory Board joining current member Robert Rosenberg.
“We are delighted to have Megan, Terry, Mahesh and Dominic join our Advisory Board at a time when we are moving to solidify our position as the only publicly traded SAP-focused business services provider in North America, with a solid financial foundation, a proven business model, a differentiated value proposition and reenergized merger and acquisition strategy,” said Dev Nidhi, Founder and Vice Chairman. “Since the founding of Ameri100, we have called upon our Advisory Board to help grow our business. The management team and I look forward to calling on our advisors’ accumulated business experiences and insights in driving business and growth initiatives across diverse industries to sharpen our focus on the high growth, high demand segments of the SAP services markets.”
The Company also announced that stockholders approved an amendment and restatement of the terms of the Certificate of Designation of Rights and Preferences of the Company’s existing 9.00% Series A Cumulative Preferred Stock (the “Preferred Stock”) and approved the issuance of warrants to purchase 5,000,000 shares of common stock by the Company to the current Preferred Stock holders.
“We are pleased to welcome Robert and James to Ameri100’s Board of Directors,” said David Luci, Chairman of the Ameri100 Board of Directors. “Each of them brings a wealth of business management and operational experience across a broad spectrum of emerging growth companies that will be great assets to Ameri100, particularly as we turn our attention again to delivering growth through mergers and acquisitions in what is a very fragmented SAP business services market. I would also like to thank Jeff, Bala and Bob for their leadership, counsel and contributions during Ameri100’s formative stage of development.
Megan Huff is an experienced executive with an extensive track record in end-to-end delivery of complex, high priority projects on tight schedules within mission critical service organizations. She specializes in enabling business process change through technology and brings a consistent history of delivering value to the bottom line through process improvements and technology modernization.
Terry Laudal is a seasoned human capital management consultant to organizations seeking to build and scale for high growth and superior results. Laudal was previously Senior Vice President of Human Resources for SAP AG’s Global Field Operations, where he was responsible for providing the human resources solutions and services to meet the needs of over 30,000 employees worldwide in the customer-facing sales and services businesses, as well as all corporate functions.
With more than two decades of expertise in driving business transformation in the Information Technology and Business Services sectors, Mahesh Nagaraj has deep experience in founding and leading highly successful business solutions companies that serve global customers, mergers and acquisitions and post-acquisition integration.
Dominic Shelley is a digital Information Technology transformation and product delivery executive with 25+ years of experience in identifying opportunities to drive operational, service and performance improvements through the application of technology across leading Internet, Media, Digital and Hospitality companies
Robert (Bob) Rosenberg
Bob Rosenberg is a social entrepreneur and academic. He is the director of entrepreneurship programs in the Polsky Center for Entrepreneurship and Innovation and adjunct associate professor of entrepreneurship at the University of Chicago. Rosenberg was a founder of the Illinois Biotechnology Industry Organization and the Midwest Research University Network, a director of Illinois’ Technology Development Fund and board member of Manufacturing Renaissance, a nationally recognized program that connects youth to career pathways in advanced manufacturing.
This press release includes forward-looking statements that relate to the business and expected future events or future performance of Ameri100 and involve known and unknown risks, uncertainties and other factors that may cause its actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Words such as, but not limited to, “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “targets,” “likely,” “will,” “would,” “could,” and similar expressions or phrases identify forward-looking statements. Forward-looking statements include, but are not limited to, statements about Ameri100’s financial and growth projections as well as statements concerning our plans, predictions, estimates, strategies, intentions, beliefs and other information concerning our business and the markets in which we operate. The future performance of Ameri100 may be adversely affected by the following risks and uncertainties: the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions around the world, and other risks not specifically mentioned herein but those that are common to industry. For a more detailed discussion of these factors and risks, investors should review Ameri100’s reports on Form 10-K and other reports filed with the Securities and Exchange Commission (the “SEC”), which can be accessed through the SEC’s website. Forward-looking statements in this press release are based on management’s beliefs and opinions at the time the statements are made. All forward-looking statements are qualified in their entirety by this cautionary statement, and Ameri100 undertakes no duty to update this information to reflect future events, information or circumstances.
Viraj Patel, Chief Financial Officer
Investor Relations Contact:
Sanjay M. Hurry
LHA Investor Relations
SOURCE AMERI Holdings, Inc.