Science & Technology
Science and Technology
Science and Technology
Tue, December 30, 2008
Mon, December 29, 2008
Steel Vault Appoints Two New Board Members
DELRAY BEACH, Fla.--([ BUSINESS WIRE ])--IFTH Acquisition Corp., d/b/a Steel Vault (OTCBB: IFAQ) ("Company" or "Steel Vault"), a premier provider of identity security products and services focused on credit monitoring and identity theft protection through its NationalCreditReport.com subsidiary, announced today it has appointed Charles E. Baker and Kevin H. McLaughlin to its Board of Directors.
Charles Baker is a 20-year media veteran, with over 10 years in online advertising and media experience. Currently, Baker runs PaliMedia, an ROI and Yield Management Consulting firm with a focus on optimizing business-to-business and business-to-consumer lead generation and transactional marketing plans. He is an expert in search engine marketing, website and data analytics and ROI optimization. Prior to founding PaliMedia, Baker held various positions with About.com, GetRelevant and TerraLycos. Prior to joining GetRelevant in 2000, he founded the San Francisco sales office for The Mining Company, which later went public and became About.com. Baker earned his undergraduate degree from Denison University and his MBA from the Garvin School of Management (Thunderbird).
Kevin McLaughlin has spent his career as a senior executive with growth-stage technology companies and most recently was Chief Executive Officer of VeriChip Corporation from April 2005 through December 2007, concurrently serving as a member of its board of directors. Prior to joining VeriChip, McLaughlin served as Chief Operating Officer and President of Applied Digital Solutions, Inc. He also served as CEO, President and COO of InfoTech USA, Inc. and CEO of Computer Equity Corporation. McLaughlin was a director of Applied Digital's majority-owned subsidiary, Digital Angel Corporation, from September 2003 to November 2005.
William J. Caragol, Chief Executive Officer of Steel Vault, commented, "The additions of Kevin, an experienced public technology company executive and director, and Charlie, an online marketing expert, will further strengthen our Board of Directors, bringing their vision and experience to Steel Vault. We are fortunate to have them join our team."
NationalCreditReport.com specializes in providing consumers with identity security products, including accurate, complete and easy-to-understand credit reporting and monitoring. Credit monitoring is the only automated method currently available to protect consumers from identity theft and keep consumers up-to-date with changes and inquiries made to their credit records.
About Steel Vault
IFTH Acquisition Corp. (OTCBB: IFAQ), d/b/a Steel Vault, is a premier provider of identity security products and services, including credit monitoring, credit reports, and other identity theft protection services. Since 2004, National Credit Report.com, LLC has specialized in providing a variety of credit information to consumers to help protect them from identity theft and fraud.
Statements about IFTH Acquisition Corp.'s future expectations, including the Company's ability to serve consumers, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and IFTH Acquisition Corp.'s actual results could differ materially from expected results. Additional information about these and other factors that could affect the Company's business is set forth in the Company's various filings with the Securities and Exchange Commission, including those set forth in the Company's 10-K filed on December 27, 2007, as amended, under the caption "Risk Factors." The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.
