MIAMI, FL, Sept. 3 /CNW/ - Swap-A-Debt, Inc. (OTC: SWPD) is pleased to
announce the appointment of Marco Garibaldi as the Company's Chief Executive
Officer. Mr. Garibaldi started his career as a Technology Professional and
possesses extensive operations and project management experience in a host of
industries including Application Development, Internet, Entertainment and
Early in his career, Mr. Garibaldi worked as an applied applications
analyst developing systems for Burroughs and Sperry, IBM, and held a
management role overseeing a team of 18 developers at Host International.
Mr. Garibaldi founded and served as president and CEO of InterComm, Inc.
InterComm is a think-tank that developed some of the Internet's fundamental
services, which include the online shopping cart, bookstore online and the
Mr. Garibaldi was involved in the formation and development of several
entertainment companies including record label Soldier Records, a CD
distribution and artist management company. He has also produced, directed and
acquired rights to several films.
Mr. Garibaldi also served as advisor to Priscilla Presley and Graceland
for 20 years, and was instrumental in structuring the sale of Graceland to
CKX, Inc. He also advised Mr. Lee Iacocca on his electric bicycle venture and
on the acquisition of the MIL Helicopter Manufacturing rights in the USA.
Mr. Garibaldi brings a wealth of experience to Swap-A-Debt, Inc. and the
Board is delighted to have someone of his caliber join the Team.
Swap-A-Debt's Chairman, Edward C. DeFeudis said "I am very excited to
have the experience and talent that Marco Garibaldi brings to the management
team of Swap-A-Debt, Inc. Marco's prowess in the development, sale and
deployment of computer and Internet related ventures coupled with his wealth
of contacts adds to our depth of expertise as Swap-A-Debt moves forward in the
commercialization of its major projects."
Swap-A-Debt is a Peer-to-Peer (P2P) lending community founded early in
2008, with its website scheduled to launch this month. The company's mission
is to create the most efficient non-institutional, Internet-based lending
community of individual borrowers and lenders that come together to make
personal loans in which both parties benefit. The company's target market is
personal loans ranging from $1,000-$25,000.
Safe Harbor Statement:
Certain statements in this press release that are not historical facts
are "forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Such statements may be identified by the use of
words such as "anticipate, "believe," "expect," "future," "may," "will,"
"would," "should," "plan," "projected," "intend," and similar expressions.
Such forward-looking statements, involve known and unknown risks,
uncertainties and other factors that may cause the actual results, performance
or achievements of Swap-A-Debt, Inc. to be materially different from those
expressed or implied by such forward-looking statements. The Company's future
operating results are dependent upon many factors, including but not limited
to: (i) the Company's ability to obtain sufficient capital or a strategic
business arrangement to fund its current operational or expansion plans; (ii)
the Company's ability to build and maintain the management and human resources
and infrastructure necessary to support the anticipated growth of its
business; (iii) competitive factors and developments beyond the Company's
control; and (iv) other risk factors discussed in the Company's periodic
filings with the Securities and Exchange Commission, which are available for
review at www.sec.gov under "Search for Company Filings.
For further information:
For further information: Swap-A-Debt, Miami, Edward DeFeudis, (786)