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TRITON GROUP ANNOUNCES APPOINTMENT OF OUTSIDE DIRECTORS AND PREVIEWS CORPORATE DIRECTION

 SAN DIEGO, Aug. 30 /PRNewswire/ -- Triton Group Ltd. (AMEX: TGL) today announced the appointment of two outside members to the Company's Board of Directors. Joining John C. Stiska, Triton's president and CEO, and Michael M. Earley, senior vice president and chief financial officer, as directors are Richard R. Tartre and Michael E. Cahr.
 Richard Tartre, 55 years old, is a founder and managing director of Eden Financial Group and FundMark Investment Co. Inc. Prior to founding Eden Financial in 1982, he held a number of positions with E. F. Hutton including senior vice president for national retail sales and President of E. F. Hutton Financial Services. Tartre is also chairman and co- founder of BioSafety Systems and a director of Burnham Pacific Properties and Mission West Properties.
 Michael Cahr, 53 years old, is the Venture Group Manager for Allstate Venture Capital, a division of Allstate Insurance Co., with total capital under management of over $300 million. He sits on the boards of a number of Allstate's privately held and publicly owned companies. Prior to joining Allstate in 1987, Cahr was an advisor to New York and Chicago-based investment banking firms on turnaround and marketing issues.
 Commenting on the appointments, John Stiska stated, "We are pleased and grateful that Dick and Michael have agreed to join us at Triton. These gentlemen bring with them experience and judgment that will help us carry out our mission over the coming months. We believe our stockholders will greatly benefit from their wisdom and guidance."
 The company also announced that it was preparing a letter to stockholders to be mailed shortly which will outline Triton's corporate direction and plan. In summary, Triton's goal is to return value, in the form of cash and securities, to its stockholders over a reasonable time period, not expected to exceed two years.
 With regard to this corporate direction, Mike Earley commented, "Triton Group is a collection of operating subsidiaries, diverse in terms of size, business and ownership interest. These interests represent value to be recognized to satisfy approximately $35 million in debt and to provide a return to our stockholders. Our job, quite frankly, is to get that value into the hands of our stakeholders. We will not conduct a firesale. Most of our companies are pursuing business plans and opportunities which we believe will bring increased value to our owners within our targeted timeframe."
 As previously announced, Triton Group and its former parent, Intermark Inc., confirmed a Joint Plan of Reorganization on June 4, 1993 which became effective on June 25, 1993 resulting in the merger of Intermark into Triton Group. Under the plan, holders of unsecured debt of Intermark and Triton, principally subordinated notes and debentures, converted their claims into 99 percent of Triton Group's common stock with the remaining one percent being distributed to the former stockholders of Intermark Inc. The initial distribution of securities under the Plan is expected to commence the week of Sept. 6.
 Triton Group Ltd. owns 25 percent of The Actava Group Inc. (NYSE: ACT) and majority interests in six subsidiaries with current annual revenues in excess of $200 million.
 -0- 8/30/93
 /CONTACT: John C. Stiska, president and CEO, or Michael M. Earley, senior VP and CFO, 619-231-1818
 (TGL ACT)


CO: Triton Group Ltd.; The Actava Group Inc. ST: California IN: SU: PER

BP-MF -- SD002 -- 7275 08/30/93 19:07 EDT
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Publication:PR Newswire
Date:Aug 30, 1993
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