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Banking Industry Veteran, Kenneth E. Sidler, Joins ExchangeBlvd.com, Inc. as President and Chief Executive Officer Email to a Friend
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DULUTH, Ga., May 12, 2008 (BUSINESS WIRE) -- ExchangeBlvd.com, Inc. (Pink Sheets: EXBV.PK), a leading provider of online auction platforms and end to end inventory management and sales solutions, has announced the appointment of Kenneth E. Sidler to the position of President and Chief Executive Officer. Mr. Sidler, a 22-year securities industry veteran, brings a wealth of banking and operational experience to the management team at ExchangeBlvd.com. Mr. Sidler, who currently holds a number of securities industry licenses, including Series 7 (Licensed Registered Representative), Series 63 (Uniform State), Series 24 (General Securities Principal) and Series 27 (Financial and Operations Principal), has also been appointed to the Company’s board of directors. Prior to joining ExchangeBlvd.com, Mr. Sidler was the Chief Executive Officer of Chadbourn Securities, Inc., an investment banking firm based on Wall Street that catered to institutional and high net worth clients. Chadbourn has offices in California, Chicago, Florida and New York. Before leaving to take the helm at Chadbourn, Mr. Sidler was the President of Clayton, Dunning Group Inc., a publicly traded company and President and Chief Executive Officer of Clayton, Dunning & Company Inc. a wholly owned, full service, investment banking firm subsidiary of Clayton, Dunning Group Inc. Mr. Sidler also served as the Chief Compliance Officer, handling all NASD and SEC audits and created the firm’s Business Continuity Plan as well as establishing the firm’s Written Supervisory Procedures. Mr. Sidler was the Chairman, Chief Executive Officer, and Director of Investment Banking, of Stone Harbor Financial Services LLC, a full service banking firm. Additionally, Mr. Sidler served as Stone Harbor’s Financial Operations Principal. During his tenure at Stone Harbor, Mr. Sidler was instrumental in establishing a Government Treasuries desk. Stone Harbor’s treasury customers included HBIC, Bear Stearns London, J.P. Morgan, and Morgan Stanley. Concurrently with his responsibilities at Stone Harbor Financial, Mr. Sidler served as the Chairman of the Board for the Official Creditors Committee for CMI. CMI was a publicly held medical services management company that traded on the American Stock Exchange. Mr. Sidler served as Director of Investment Banking and Corporate Development for the Northeast Region of Schneider Securities. With the addition of offices and added personnel Schneider rapidly increased their investment banking effort as an underwriter in the Nasdaq market. Mr. Sidler was the Executive Vice President and Chief Operating Officer of the securities firm Investors Associates Inc. Although the firm was founded in 1969, Mr. Sidler was the key factor in the technological and organizational growth of the firm during his tenure, growing the firm from 2 branches to 26 branch offices and from 58 consultants to 600 financial consultants, with over 100 support personnel and revenues exceeding $125 million dollars annually. Mr. Sidler oversaw all operational aspects of the company and played a crucial role in the Corporate Finance Department’s deal structuring and decision-making processes. Mr. Sidler was instrumental in forging strong technological tie-ins with certain major clearing firms on Wall Street. Many innovations that were initiated under his tenure are in use today at numerous firms. Mr. Sidler was the President of Southland Power Corporation, a leading alternative energy provider for southern Florida. Utilizing photovoltaic technologies and other alternative energy processes in coordination with Arco Energy, Southland rose to the 2nd largest such alternative energy provider in South Eastern Florida. Mr. Sidler enlisted in the United States Marine Corps, wherein he served a tour of duty in Vietnam. Mr. Sidler received various citations and meritorious promotions connected to his service there. Mr. Sidler was issued and received an Honorable Discharge. Mr. Sidler commented: "The team at ExchangeBlvd has done an incredible job developing a very unique and valuable software platform and complimentary proprietary processes. While the company has lacked the resources necessary to fully commercialize its solutions, I am confident that we will now be able to execute on the company's existing operational plan and expand it to create additional material revenue streams. In addition, I am eager to utilize my securities expertise and experience to simultaneously build a successful public company and expand the existing shareholder base.
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