Ameri100 Announces Changes to Board of Directors; Company Founder Appointed as Executive Chairman
December 12 2018 - 6:59AM
AMERI Holdings, Inc. (NASDAQ: AMRH) (“Ameri100” or the “Company”),
a specialized SAP® cloud, digital and enterprise services company,
today announced the appointments of Founder and current Executive
Vice Chairman Dev to the position of Executive Chairman and
Thoranath Sukumaran to the Board of Directors. Dev has replaced
David Luci, who remains on the Board, and Mr. Sukumaran has
replaced Robert Shawah, who has stepped down from the Board. Mr.
Luci has been named Chairman of the Audit Committee, replacing Mr.
Shawah.
“I am pleased to accept the appointment as Chairman of Ameri100
and fulfill my vision as its Founder to establish the company as a
premier solutions and services provider to the fast-growing and
large SAP services market, to build scale in the marketplace and
better realize the earnings power of our business model,” said Dev.
“I would also like to welcome Thoranath, who adds significant
capital markets experience and a deep understanding of mergers and
acquisitions in the IT market to the Board, and thank David for his
continuing contributions to Ameri100’s future success.”
Mr. Sukumaran brings to Ameri100 over 30 years of international
capital markets experience and deep expertise in investment banking
and private equity transactions in the IT services market. He
currently serves as President of Oakwood Strategy Consulting, a
boutique consulting firm focused on providing strategy and advisory
services to middle market companies, where he is focused on helping
middle market enterprises raise growth capital and globalize
operations, both by organic growth and mergers and acquisitions. He
is active in numerous Indo-U.S. trade associations and is the past
President of the U.S.-India American Chamber of Commerce (USIACC),
a trade group focusing on Indo-U.S. cross border trade and
investment activities of middle market companies.
About Ameri100Ameri100 is a
specialized SAP® cloud, digital and enterprise services company
which provides SAP® services to customers worldwide. Headquartered
in Atlanta, Georgia, Ameri100 has offices in the U.S. and Canada.
The Company also has global delivery centers in India. With its
bespoke engagement model, the Company delivers transformational
value to its clients across industry verticals. For further
information, visit www.ameri100.com.
Forward-Looking StatementsThis
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.
Corporate Contact:Barry Kostiner, Chief
Financial OfficerIR@ameri100.com
Investor Relations Contact:Sanjay M. HurryLHA
Investor Relations(212) 838-3777IR@ameri100.com
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