Marathon Patent Group Adds Richard Raisig as Chief Financial Officer
ALEXANDRIA, VA -- (Marketwired) -- 11/22/13 -- Marathon Patent Group, Inc. (OTCQB: MARA) ("Marathon"), an intellectual property services and patent licensing company, announced today the addition of Richard Raisig as the Company's Chief Financial Officer.
As a newly appointed member of the management team, Mr. Raisig will be responsible for leading and managing all of the Company's corporate and managerial finance functions including planning, budgeting and analysis. With 10 years experience as a CFO for a public technology company and nearly 20 years experience as a CFO, Mr. Raisig will oversee the Company's finance and accounting functions, including reporting of operating and financial results, and will play a key role in supporting Marathon's growth and business development initiatives.
Most recently, Mr. Raisig was the CFO of Petrosonic Energy, Inc., a publicly traded start-up energy technology company. Previously, Mr. Raisig was CFO with Connexed Technologies, Inc. and Aurora Systems, Inc., two private start-up technology companies where he worked with the management teams in developing those companies' strategic growth plans and financing strategies. Mr. Raisig was also the first CFO at Microvision, Inc., a publicly traded start-up high technology company where he developed and managed the finance function and helped raise over $100 million of financing for the company. As a member of executive management, he and his team supported all business development, product development and planning activities.
In addition to his experience as both an officer and director of a publicly traded start-up high technology company, Mr. Raisig's career also includes work as an investment banker with Dean Witter Reynolds and in public accounting with Price Waterhouse.
Mr. Raisig received an MBA from the University of Southern California and a Bachelor's in Economics from UC Irvine.
John Stetson, the Company's current Chief Financial Officer, will take the position of Executive Vice President at Marathon.
Marathon Patent Group:
Based in Alexandria, VA, Marathon Patent Group is a patent licensing company serving a wide range of patent owners from Fortune 500 companies to independent inventors. Marathon provides its clients advice and services that enable them to realize financial and strategic returns on their intellectual property rights. Marathon's operating subsidiaries acquire patent assets, partner with patent holders, and monetize patent portfolios through actively managed patent licensing campaigns. To learn more about Marathon Patent Group, visit http://www.marathonpg.com/.
Forward Looking Statements:
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), not limited to Risk Factors relating to its patent business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
Investor Relations Contacts:
The Del Mar Consulting Group, Inc.
Robert B. Prag
Alex Partners, LLC
Source: Marathon Patent Group
Released November 22, 2013