Critical Mass Holdings Names Vincent Arnette Chief Financial Officer; GroupNow! Business Unit Makes First Executive Appointment.Business Editors FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--Nov. 22, 2000 Critical Mass Holdings, an integrator, today announced that Vincent S. Arnette has joined the company as Chief Financial Officer. A business unit of GroupNow, Inc., Critical Mass is an integrator, focused on acquiring and managing the integration of synergistic companies post-acquisition. Critical Mass acquires cash flow positive businesses in specific vertical markets, and integrates those businesses into a larger company that can offer much greater growth potential than that of a single company in a traditional market sector. Critical Mass provides top-level management, capital, technology and other services needed to transform the group into a single operating entity representing substantially increased growth and revenue prospects. As Chief Financial Officer, Mr. Arnette is responsible for evaluating potential acquisitions, managing their integration into the larger unit and for all on-going financial functions of the Company. Mr. Arnette brings to Critical Mass 16 years of executive financial management experience. Prior to assuming his new position, Mr. Arnette managed his own consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , providing executive financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to high tech start-up companies and small businesses. Previously, Mr. Arnette was Regional CFO See Chief Financial Officer. for Brightpoint Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CELL), where he selected and negotiated the acquisition of Latin American cellular distribution companies and played a key role in ensuring a smooth transition post-acquisition. Mr. Arnette was VP of Finance for Fox Television Stations The Fox Television Stations (FTS) are a group of television stations located throughout the United States which are owned-and-operated by the Fox Broadcasting Company. FTS also produces the Fox program COPS. in Tampa, FL and Birmingham, AL where he was responsible for the financial and business affairs of the newly acquired television stations. He also held financial management positions at Telemundo Network, Inc. and at News Corp's (NYSE NYSE See: New York Stock Exchange :NWS NWS National Weather Service NWS Naval Weapons Station NWS New World Symphony NWS Nuclear Weapon State NWS Not Work Safe NWS National Watercolor Society NWS North Warning System NWS Nose Wheel Steering NWS National Waste Strategy (UK) ) Twentieth Century Fox film studios. He began his career at Deloitte & Touche. Mr. Arnette graduated cum laude from the University of Houston and is a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. . "Vince brings a wealth of experience to his position, and a proven track record for successfully integrating acquisitions," said David J. Simonetti, GroupNow's Chief Executive Officer. "His expertise will be invaluable as we grow and build Critical Mass." "Critical Mass's business model provides an ideal strategy to capitalize on growth opportunities in today's business environment," stated Vincent Arnette. "I am very excited about being part of the outstanding management team of Critical Mass and look forward to helping the Company achieve tremendous success." About Critical Mass Critical Mass is an integrator, focused on managing the integration of synergistic companies post-acquisition. Critical Mass acquires cash flow positive businesses in specific vertical markets, and integrates those businesses into a larger company that can offer much greater growth potential than that of a single company in a traditional market sector. Critical Mass is a business unit of GroupNow, Inc. The Company is headquartered in Fort Lauderdale, Florida Fort Lauderdale, known as the "Venice of America" due to its expansive and intricate canal system, is a city in Broward County, Florida, United States. The city's population is described as metropolitan, where diverse culture is commonplace. According to 2006 U.S. and can be reached at 954/537-2158 or via e-mail at info@criticalmassholdings.com. For more information, visit our website at www.criticalmassholdings.com. About GroupNow! GroupNow! is a globally focused financial services conglomerate which, through its subsidiaries, provides access to managed integration services (Critical Mass), venture capital investment (VentureNow!), and financial advisory and investment banking services (Now! Securities). Through these business units, GroupNow! acts as a vehicle for acquisition of strategically placed companies in fragmented industries, a value-added investor, and a full-service financial advisor. GroupNow! subsidiaries act as independent business units that work together as "The Now! Group of Financial Companies(SM)" leveraging their natural synergies and sharing a single vision and focus. GroupNow! is headquartered in Fort Lauderdale, Florida and can be reached at 954/537-2158 or via e-mail at info@groupnow.net. For more information, visit our website at www.groupnow.net. |
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