Business, Free News Articles, Funding and Investment, Software

Lender Price Names Jerry L. Halbrook as CEO and Opens New $5-$10 Million Investment Round

PASADENA, Calif. -- Lender Price, the emerging leader in digital mortgage lending technology, announced today that it has named veteran mortgage industry executive Jerry Halbrook as its CEO and has opened a fresh round of equity funding to fuel its growth trajectory.

"Adding a CEO of Jerry Halbrook's caliber validates the Lender Price vision and strategy for mortgage lending transformation through a technologically superior digital POS and PPE platform that offers unprecedented business analytics," said Lender Price lead investor Kevin Costner. "The mortgage industry is eager to embrace the promise of digital disruption, and Lender Price is strategically positioned to fulfill on that promise."

Jerry Halbrook's nearly 35 years of financial services industry experience includes most recently serving as president of the Origination Technology and Enterprise Business Intelligence divisions of Black Knight Financial Services, Inc. Prior to Black Knight, he has held numerous executive level positions at Prudential Home Mortgage, Bank of America, CitiMortgage, Nexstar Financial and Deloitte & Touche.

"I joined Lender Price due to its superior technology capabilities, which provide our customers with a competitive advantage," said Halbrook. "Lender Price's fully configurable digital lending platform and pricing engine allow our customers to achieve an omni-channel customer strategy with a superior borrower experience and a superior loan officer and third-party origination partner experience."

"Further, Lender Price's technology platforms allow our customers to achieve maximum flexibility to adjust to changing market conditions and to lower their overall total cost of ownership as compared to competing products," Halbrook added.

"For an investor like me that wants to be in on the early stages of a business poised to transform an industry that is critical to the U.S. economy and touches the lives and financial aspirations of millions of citizens, Lender Price is ideally positioned with a proven product, seasoned leadership and unparalleled marketing acumen," said Costner.

"I am very pleased to have Jerry lead Lender Price into the next phase of our business model," said Lender Price Co-founder, President and CIO Dawar Alimi. "Jerry's knowledge and experience will be invaluable in leading the company through our accelerated growth and market penetration."

Lender Price is opening a new round of equity investment financing at this time to expand its capacity to support implementation of new customers, according to Halbrook.

"The Lender Price products have been so well received by the mortgage and consumer lending industries that our sales pipeline is overflowing and demand for implementation services is expanding rapidly," he said.

About Lender Price:
Lender Price is a California-based technology innovator and developer of an industry leading digital lending technology platform and product, pricing and eligibility engine, supporting omni-channel strategies, full mobile functionality and real time pricing analytics delivered on a state of the art cloud based technology platform.

For more information, visit https://lenderprice.com/ or send email to: Contact@LenderPrice.com.

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*Photo Caption: Actor and Lender Price lead investor Kevin Costner.

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Business, Free News Articles

The Mortgage Collaborative Names Rich Swerbinsky as its Chief Operating Officer

SAN DIEGO, Calif. -- The Mortgage Collaborative (TMC), the nation's only independent mortgage cooperative, today announced it has promoted Rich Swerbinsky to the role of Chief Operating Officer.

Having served as its executive vice president of national sales and strategic alliances since 2015, Rich Swerbinsky will now serve TMC as its COO. Swerbinsky will continue to oversee national sales and strategic alliances as part of his new responsibility.

"Under Rich's leadership over the past two and a half years, TMC has experienced tremendous growth and market adoption. Working with a talented group of TMC staff, he has done an exceptional job of bringing on some of the best and brightest mortgage lenders in the country," said Jim Park, CEO of TMC. "In his new role at TMC, I know Rich will continue to create a unique and supportive environment for our lender members and build lasting relationships with our strategic partners."

The Mortgage Collaborative network is more than 116 lenders strong, with an aggregate annual origination volume of nearly $200 billion. The network caters to lenders of all sizes, with a strong mix of independent mortgage brokers, community banks and depositories.

About The Mortgage Collaborative:
Based in San Diego, The Mortgage Collaborative was founded in 2013 to empower mortgage lenders across the country with better financial execution, reduced costs, enhanced expertise, improved compliance, and to help its members access the dynamic and changing consumer base in America. The association is managed by its founding members: John Robbins, CMB; David Kittle, CMB; Gary Acosta, CEO of the National Association of Hispanic Real Estate Professionals (NAHREP); and Jim Park, former chair of the Asian Real Estate Association of America (AREAA). Robbins and Kittle are former chairmen of the Mortgage Bankers Association of America (MBA).

For more information, visit: http://www.mortgagecollaborative.com/.

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Business, Free News Articles, Real Estate

A Shift in Philly Suburbs Real Estate: Independent Brokerages on the Rise Over Franchises

EXTON, Pa. -- Springer Realty Group is an up-and-coming independent brokerage that serves clients throughout Pennsylvania. This year alone, they have grown by nearly 50-percent, and they recently opened their fourth office in Blue Bell. Top Chester County PA Realtor Don Dowd is one of the agents that has joined SRG during the past year.

Dowd had been a RE/MAX agent for several years, and had consistently ranked in the top 5 out of over 3,400 agents in the Pennsylvania and Delaware regions. When he left RE/MAX at the end of 2016, he was third in sales overall. With this type of success, many in the business wondered why he would leave an established franchise brand for an independent.

"When I made the move to SRG, I was skeptical," Dowd says. "But I interviewed many other independent agents before I made the switch, and I found that it didn't have any impact at all on their business. At the end of the day, no matter what brokerage you're with, your listings still go from the MLS to the Internet Data Exchange (IDX), meaning they will end up on all the major real estate websites, like Realtor.com, Trulia and Zillow, and hundreds of other sites where the buyers are searching."

Dowd has consistently remained one of the top selling agents in the region because he employs "out of the box" marketing methods both online and offline. And he says the move from franchise to independent has freed up more money to invest in marketing, allowing him to better serve his clients.

"My move over to SRG has reduced my operating costs by two-thirds, saving me more than $10,000 per year," Dowd continues. "This gives me more money to invest in marketing, which gives my clients greater exposure and helps ensure a more timely and successful transaction. Our industry is shifting increasingly from brick and mortar to online, and these days, buyers aren't coming to your office unless it's for a settlement. Back in the 70s and 80s, it might have made sense to have a large, expensive office on the corner of Main St and 1st Ave, but today, this is wasted overhead that should be redirected into your marketing budget."

Dowd also likes the flexibility of the independent brokerage business model, which he says can work for all types of agents.

"SRG's business model is perfect for the established agent who wants to pay only $295 per month and keep 100-percent of the commission earned. But it's also perfect for the agent who is just starting out and can choose the option to pay no monthly fees, $595 per transaction, and keep 100-percent of the commission. Every 6 months, the agent has the option to switch plans based on their current business needs. This plan is better than opening your own brokerage, and it works well because of a large volume of agents."

The rapid growth of Springer Realty Group is not an aberration. In late 2015, Inman reported a major shift from franchises toward independent brokerages within the real estate industry. In fact, the majority of real estate agents in the U.S. (roughly 55-percent) are now with independent brokerages. Two of the major reasons cited in the report were local control of branding, and technology that allows independents to develop unique and profitable business models that can quickly adapt to local market conditions.

"Our agents have the freedom to grow their businesses the way they want, and they are given the flexibility to adapt in real time to conditions on the ground," says Dave Springer, owner of Springer Realty Group. "Our fees are also far lower than the national brands, which keeps our agents' operating costs reasonable, allowing them to put more of their hard-earned dollars into marketing."

With technology continually evolving and our society becoming increasingly digital, the trend toward independent brokerages looks like it is here to stay. And with more real estate agents embracing this model, companies like SRG are likely to experience exponential growth for the foreseeable future.

About Springer Realty Group:
Springer Realty Group is a locally-owned, non-franchise brokerage that was founded in 2009. SRG has experienced strong growth since its founding, and this year they have grown by nearly 50-percent. SRG runs a nimble and streamlined operation leveraging the most advanced technology and marketing methods to maintain a competitive edge within the marketplace. They have top area agents, an in-house design team, and social media experts who work synergistically to deliver optimal results for clients.

Contact:
Dave Springer
Springer Realty Group
740 Springdale Dr., Suite 100
Exton, PA 19341
Mobile: 610-202-2859
Office: 484-498-4000
dspringer@springerrealtygroup.com
http://www.springerrealtygroup.com

About Don Dowd Top Realtor Exton PA:
Don Dowd is a real estate agent for Springer Realty Group and member of the prestigious National Association of Realtors. Don has been in sales for almost his entire adult life and began his career in real estate at age 22. From 2010 through 2016, Don was consistently one of the top-ranked RE/MAX agents in the Philadelphia and Delaware areas. In 2017, he joined SRG and is currently on pace to well exceed his sales totals from any of the previous years.

Contact:
Don Dowd
740 Springdale Dr., Suite 100
Exton, PA 19341
Mobile: 610-497-2000
Office: 484-498-4000
DonDowd72@yahoo.com
http://www.dondowdhomes.com/

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Advertising and Marketing, Business, Free News Articles

TRK Connection Elevates Colton Hansen to Role of Vice President of Business Development

SALT LAKE CITY, Utah -- TRK Connection, a leading provider of mortgage quality control and origination management solutions, announced it has promoted Colton Hansen to vice president of business development. In this new role, Hansen will be responsible for leading and executing company objectives for sales and marketing campaigns, implementing new technologies, and analyzing new opportunities.

"Colton has been with TRK from day one, and his relentless efforts in cultivating our client base and deft management of those relationships have made TRK what it is today," said Teri Sundh, CEO of TRK Connection. "I can think of no one more suited to lead TRK through its next stage of growth."

Prior to TRK, Hansen served as manager of vendor relations for Strategic Services Management (SSM Hub) and worked in a business development capacity for Salt Lake City-based Primary Residential Mortgage, Inc. from 2009 to 2012. He earned his bachelor's degree in business administration and management from the University of Utah.

"Having been here from the start, I take immense pride in what TRK has been able to accomplish in just a few short years, as we have invested considerable time and effort in collaborating with lenders to develop the Insight RDM platform," Hansen said. "The mortgage industry is hungry for a more robust, sophisticated QC audit platform, and I look forward to continuing to enable lenders to better manage their repurchase risk and improve loan quality using Insight."

About TRK Connection:

Founded in 2013, TRK Connection prides itself on its ability to develop technologies that allow businesses to surpass their organizational needs and meet their business objectives. As an innovator in the mortgage origination and quality assurance space, TRK continues to develop and refine solutions geared to promote and strengthen the loan origination process, pre/post-close loan audits and the defect remediation process.

Currently, TRK offers solutions that support Mortgage Audit & Quality Control (Insight Risk & Defect Management(TM)), Loan Origination Vendor Management (Core Connect(TM)), Complete LOS Connectivity Platforms and more. For more information, visit http://trkconnection.com.

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*Photo Caption: Colton Hansen named VP of Business Development at TRK.

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Business, Free News Articles, Legal and Law

VLP Law Group Announces the Return of David Jargiello as Partner and General Counsel

PALO ALTO, Calif. -- VLP Law Group LLP is pleased to announce that David Jargiello has rejoined the firm as a partner in the Corporate Practice Group and the firm's General Counsel. Mr. Jargiello is a business transactional lawyer with more than 25 years' experience in San Francisco and Silicon Valley primarily representing venture capital funds, professional service firms and legal technology companies in complex corporate finance, corporate securities, fiduciary duty and risk management matters.

Mr. Jargiello is among the most experienced law firm general counsel in the country, and as such writes, speaks and consults frequently on the spectrum of professional and business matters that confront lawyers and law firms.

He is a current member of the State Bar of California's Committee on Professional Liability Insurance and a former member of its Committee on Professional Responsibility and Conduct.

Mr. Jargiello was instrumental in working with VLP's founders in the structure and formation of the firm in 2008. Since then he has continued to counsel VLP on professional responsibility, risk management and partnership matters from his own extensive solo platform. As a partner at VLP, Mr. Jargiello will continue in that role, as well as engage in a business transactional practice and a practice focused on the law governing lawyers.

"David is a valued counselor and colleague and I am very pleased that he will continue in that role as a partner and our General Counsel. We are also excited to add a Professional Responsibility and Risk Management Practice Group at VLP, which David will lead," said Cathryn Chinn, CEO of VLP Law Group LLP.

In addition to practicing law, Mr. Jargiello serves as an Adjunct Professor and Assistant Director of Business Law and Entrepreneurship at Golden Gate University where he teaches Securities Regulation, Venture Capital Financing, Transactional Drafting, and Professional Responsibility. He is also a Venture Partner at Flywheel Ventures, a seed and early-stage venture capital firm headquartered in Santa Fe, New Mexico.

"VLP was among the very first national, virtual platforms for the practice of law, and in my opinion it has developed some of the most sophisticated practice management, risk management and technological tools in the legal industry today. It is my honor to rejoin my colleagues and partners at VLP," noted Mr. Jargiello.

About VLP:
Founded in 2008, VLP is a business and transactional law firm that delivers top quality legal services from experienced attorneys through an efficient platform. The firm has a broad practice, reaching across many industry sectors, including high tech, life sciences, clean tech, retail, consumer products, edtech, and real estate. VLP has continued its strong growth, and is made up of noted attorneys with significant experience who believe VLP's unique, client-oriented model is the best platform for their practice. Our partners are regularly recognized by their peers as outstanding attorneys, and the firm has been recognized as a top company for its promotion of quality of life in the workplace.

VLP partners represent clients that vary in size from individual executives and early-stage startups to Fortune 500 companies. Our clients include public and private corporations, venture capital investors, private equity funds, educational institutions and companies, nonprofits and individuals. We provide general corporate, licensing, contract, intellectual property protection and counseling, securities regulation, financing, merger and acquisition, real estate, commercial lending, tax, employment and other legal services.

More information: https://www.vlplawgroup.com/.

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*Photo Caption: VLP Law Group Announces the Return of David Jargiello as Partner and General Counsel.

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Business, Free News Articles, Transportation

NEXT Future Transportation Appoints Former Siemens Mobility President Oliver Hauck to Board of Advisors

SAN JOSE, Calif. -- NEXT Future Transportation, Inc. today announced the appointment of Oliver Hauck to its Board of Advisors. NEXT is commercializing the world's first patented autonomous mass-transportation and goods-movement solution based on swarms of modular self-driving vehicles.

Mr. Hauck is a globally recognized transportation industry leader, having held various executive management positions at Siemens (SI) around the world for more than three decades. He was named President and Chief Executive Officer of Siemens Transportation Systems in 2001. In 2009, Mr. Hauck was named President of Siemens Mobility, bringing together the US Transportation, Logistics and Traffic Control Businesses to form one integrated organization. Mr. Hauck led Siemens to the market leadership position for light-rail-vehicle production in North America with half the market share.

Mr. Hauck brings deep vehicle manufacturing and transportation business expertise to NEXT's Board of Advisors, coupled with an acute awareness of the importance of e-mobility in the future of transportation. Mr. Hauck is recognized for applying a "complete mobility" approach, with a focus on networking various modes of transportation to maximize the most efficient transport of people and goods.

"Oliver brings decades of expertise from the industrial vehicle manufacturing business to NEXT's Board of Advisors, having led one of the world's largest transportation companies in North America," said Emmanuele Spera, CEO, NEXT Future Transportation, Inc. "He has accumulated a deep level of industry experience overseeing the development of some of the most innovative transportation and automation products. This, along with his knowledge of large, complex manufacturing ecosystems, makes him a valuable asset to NEXT's team as we continue our mission to deliver exponential transformation to municipal mass transportation and goods movement."

"The time for intelligent electric mobility has finally arrived, and I am excited to support NEXT as the company continues to develop its innovative transportation and logistics solutions," said Hauck. "NEXT is uniquely positioned to leverage advanced manufacturing, distributed manufacturing, digitization of manufacturing operations and material science."

Mr. Hauck earned a master's degree in electrical engineering from the Technical University of Erlangen/Nuremberg, Germany.

About - NEXT Future Transportation:

NEXT is a patented advanced smart transportation and artificial intelligence system based on swarms of modular self-driving vehicles. Each module can join and detach with other modules on roads and highways. The company has created a proprietary open, bus-like environment among modules, allowing passengers to stand and walk from one module to another while in motion. To learn more, please visit: http://www.get-next.com/.

Video (YouTube): https://youtu.be/erRJNtpns00

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Advertising and Marketing, Business, Free News Articles, Sports and Activities

Prestigious Fitness Professionals Join the MostFit Team

LOS ANGELES, Calif. -- MostFit is excited and proud to announce the onboarding of three new Brand Ambassadors who have aligned with the brand and products to enhance the MostFit team.

Helya Glen is a NASM Certified Personal Trainer with multiple specialized certifications including Yoga and RKC. Helya studied business at Cal Poly University in San Luis Obispo, Calif. As an athlete, Helya played tennis for 10 years, competed in 7 triathlons and one half-marathon. She opened her own gym, The Studio, in Ventura, Calif. in 2014 and continues to share her expertise there on healthy living and functional training. Helya plays lead in helping MostFit develop programming and new equipment. See more here: http://thestudioventura.com/

Amanda Ruller is a professional football athlete playing in the Legends Football League and for Team Canada Football. She is a Team Canada Football Worlds silver medalist and coaches athletes in speed/power training. She competes in Olympic lifting and is on her provincial team. Amanda is pursuing a career as a certified exercise physiologist and does sports broadcasting for the CFL. See more here: https://amandabolic.com/

Kasey Brown is a Certified Personal Trainer and the creator and voice behind the POWERCAKES blog and website. She's been voted Top 10 Inspiring Healthy-Living Bloggers to Follow by SELF Magazine and is a best-selling author of the book BODYpeace. Kasey has been a blogger since 2011, is the owner of True To You Fitness Personal Training, an IDEA Inspired Advisor, FitFluential and FitApproach Ambassador, has written various articles and been featured in SELF, Women's Health, Fitness Magazine & The New York Times, and has a Bachelor's Degree in Health & Physical Education. See more here https://www.powercakes.net

"I'm humbled and proud that these amazing professionals have chosen to join the MostFit Team," said Andrew Gavigan, MostFit Founder and President. "Having this expertise, in the key areas each individual brings, will help escalate the brand and company, and I'm looking forward to working with each of them to do so."

"The MostFit brand and product line is garnering so much great attention and press right now, and is poised for even more growth and expansion," said Helya. "I'm thrilled to be part of the team and help make even more people aware of these dynamic functional training tools."

About MostFit:

Founded by Andrew Gavigan in 2011, MostFit LLC provides unique, effective and efficient products to the fitness community to make optimum performance more accessible. MostFit firmly believes that accessibility is the key component to success for athletes and fitness enthusiasts at all levels. To that end, MostFit strives to make all aspects of fitness enjoyable and approachable, empowering individuals to be the "most fit" they can be.

*PHOTO for media: Send2Press.com/300dpi/17-0829s2p-mostfit-ambas-300dpi.jpg

*Photo Caption: Clockwise, from left - Helya Glen, Kasey Brown, and Amanda Ruller.

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Business, Free News Articles, Real Estate

Southeastern Oklahoma’s Brewer Realty Group Welcomes Brian Allen, Ashley McCain and Olivia Booth to Its Growing Team of Real Estate Agents

DURANT, Okla. -- Brewer Realty Group, a fast-growing, local real estate group started in 2013, announces the addition of Brian Allen, Ashley McCain and Olivia Booth to its Durant, Oklahoma team of REALTORS(R).

In a little over four years, Brewer Realty Group has grown rapidly, and in spite of increased competition and changes within the local housing market, Brewer Realty Group has continued to attract the attention of the local community it serves by luring the "best in the business" to their group.

Brian Allen is a homegrown product of Durant, Okla. and is well known in the local real estate community as a trusted resource. Allen is recognized for his passion for learning and genuine support of others while bringing a peace of mind to home sellers and buyers through open and honest communication, a genuine desire to serve and an unbridled enthusiasm - guiding principles for Allen and the reason for his successful career.

"I am thrilled to be joining one of the most successful and well-respected real estate groups in Durant," said Allen. "I chose to come to Brewer Realty Group because of their incredible reach across the region, their desire to sacrificially serve their customers, and the high caliber talent of my colleagues. I look forward serving alongside like-minded high integrity agents. I decided to bring it home to Brewer!"

Ashley McCain discovered the community of Durant, Oklahoma during her collegiate years at Southeastern Oklahoma State University. It was there she met the love of her life Brandon whom she would marry and raise her young daughter Sophia. McCain's personal experience with a real estate agent when she was buying her first home was a catalyst for her decision to offer the same kind of dedication to her clients as a real estate associate.

"I was inspired to pursue a position in real estate because of the experience we had when buying our first home in Dallas," said McCain. "Our realtor patiently walked us through every step of buying and selling, taking time along the way to educate us and make sure that we were well-informed. It was clear to us that he cared about our best interests, and this left a very positive impression. This kind of dedication is exactly what I will strive to provide."

Olivia Booth is proud to say she has lived in Durant since childhood. She grew up in Durant completing High School at Victory Life Academy and graduating from Southeastern Oklahoma State University with her Bachelor's degree. Everyone who knows her can tell you she loves Durant and its surrounding communities.

"Working in real estate has been a dream of mine since I was young and I am very excited to be a part of the buying and selling process to fit all your personal needs," Booth said. "I am a big family girl and have three precious daughters and a wonderful husband. I am passionate, outgoing and love all things real estate. I will do whatever I can to get you into your dream home. Let's get started!"

A Closer Look at Brewer Realty Group:

Brewer Realty Group - founded in 2013 - is located in Durant, Oklahoma. Brewer Realty Group is a local company with local roots and great knowledge of the real estate industry in Durant and the surrounding areas. They serve all of the Southern Oklahoma areas and specialize in different types of properties; resale, new construction, ranch and land, lake homes, foreclosures or luxury.

Driven by an unwavering commitment to excellence, integrity, and innovation, Brewer Realty Group has positioned itself as one of the leading real estate groups committed to informing and building a better community together.

To learn more about Brewer Realty Group or to hire one of their fabulous agents on your next real estate transaction, visit http://brewerrealtyok.com/ or call 580-745-9499.

Media Contact:
Brian Allen
Brewer Realty Group
chifriedchicken@gmail.com
580-980-4226

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Business, Free News Articles, Insurance

Trudi Barton Joins The Capacity Group – an EPIC Company in Mahwah, New Jersey

MAHWAH, N.J. -- EPIC Insurance Brokers and Consultants, a retail property & casualty insurance brokerage and employee benefits consultant, announced today that Trudi Barton has joined the firm in Mahwah, New Jersey as part of The Capacity Group - an EPIC Company.

A results-oriented leader with extensive business development, operations and client relationship management experience spanning more than 20 years, Barton joins as Vice President of Special Projects, reporting to Carl Gerson, Managing Principal.

Barton was most recently with Key Insurance and Benefits Services in Syracuse, N.Y. (formerly First Niagara Risk Management) where she served as Assistant Vice President, Commercial Lines Manager.

Said Carl Gerson, "I have had the pleasure of knowing and working with Trudi for many years. She is a committed and capable professional, whose experience and ability is extensive. I am excited to have her as an integral part of the Capacity/EPIC team. Trudi's expertise in operational process improvement will be of significant value in positioning our company and the clients we serve for future growth and success."

Barton attended Ithaca College in Ithaca, N.Y. where she earned a Bachelor of Science Degree in Finance.

Trudi Barton can be reached at:
The Capacity Group - an EPIC Company
tbarton [at] capcoverage.com
201-831-2700 - Direct.

About EPIC:
EPIC is a unique and innovative retail property & casualty and employee benefits insurance brokerage and consulting firm. EPIC has created a values-based, client-focused culture that attracts and retains top talent, fosters employee satisfaction and loyalty and sustains a high level of customer service excellence. EPIC team members have consistently recognized their company as a "Best Place to Work" in multiple regions and as a "Best Place to Work in the Insurance Industry" nationally.

EPIC now has more than 1,000 team members operating from offices across the U.S., providing Property Casualty, Employee Benefits, Specialty Programs and Private Client solutions to more than 20,000 clients.

With run rate revenues approaching $300 million, EPIC ranks among the top 20 retail insurance brokers in the United States. Soon to be backed by Oak Hill Capital Partners, the company continues to expand organically and through strategic acquisitions across the country.

For additional information, please visit http://www.epicbrokers.com/.

*PHOTO for Media: Send2Press.com/300dpi/17-0823s2p-trudi-barton-300dpi.jpg
*Photo Caption: Trudi Barton Joins The Capacity Group - an EPIC Company.

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Business, Free News Articles, Transportation

NEXT Future Transportation expands Advisory Board with China Market Expert

SAN JOSE, Calif. -- NEXT Future Transportation, a company that is commercializing a patented autonomous mass-transportation and goods-movement solution, is adding a new member to its Advisory Board: Bill Russo will strengthen cross-border venture development initiatives to and from China.

Bill Russo is a highly respected automotive industry veteran, and an authoritative thought leader on the topic of automotive and mobility disruption in China.

Mr. Russo's career has spanned the information technology and automotive industries and has been working and consulting with businesses in China since 2004. Mr. Russo has advised numerous Chinese and global companies and institutional investors, most recently as Managing Director and the Automotive Practice leader at Gao Feng Advisory Company, on their overall growth and investment strategies.

Prior to this, Mr. Russo held executive positions at Chrysler, most recently as leader of the Chrysler business in North East Asia. In this role, he was responsible for strategic market expansion initiatives, product localization, and establishing the company's infrastructure for local sourcing and sales distribution.

"We are honored to have an expert in the Asia-Pacific market like Bill Russo join our Board of Advisors," said Emmanuele Spera, CEO of NEXT Future Transportation Inc. "NEXT will benefit from his experience with the Asian market and financial strategies as we pursue a growth plan that includes an emphasis on successfully executing transactions around the world."

"NEXT recognized the need to adopt a 'China at the core' strategy to be successful in a market that is developing rapidly and with a challenging set of conditions," said Bill Russo. "I am excited to support NEXT in identifying new growth opportunities in the Asia-Pacific region. China's unique urban transportation challenges, high rate of adoption of mobile internet services, and rapid and aggressive introduction of alternative mobility solutions have combined to make the country a fertile ground for mobility innovation. DiDi Chuxing's recent investment in Careem is particularly exciting - given NEXT's existing partnership with Careem in the Middle East."

More information: http://www.next-future-mobility.com/.

*VIDEO (YouTube; courtesy Tech in Asia): https://youtu.be/2gLumx64avw

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