Experienced Financial Services Executive to
Lead Company as it Nears Completion of Development and Introduction
of Innovative Mobile Banking App
The Marygold Companies, Inc. (“TMC,” or the “Company”) (NYSE
American: MGLD), a diversified global holding firm, today announced
the appointment of Timothy M. Rooney as President of Marygold &
Co., a wholly owned subsidiary created to develop and offer a
unique mobile banking app built around a unified platform for
spending, receiving, saving and investing.
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the full release here:
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Timothy M. Rooney, newly appointed
President of Marygold & Co. (Photo: Business Wire)
Rooney is part of the founding leadership group at Marygold
& Co., joining the Company to create and lead Marygold &
Co. Advisory Services, LLC, a Registered Investment Advisor.
Starting his career in the banking sector, he has a 20+ year track
record creating and launching successful financial services
organizations and products, including mutual funds and
exchange-traded funds and retirement plan businesses. Rooney held a
ten-year career with Nationwide Investment Management Group, where
he served as Vice President, Product Development. He also was Vice
President, Strategy for Sun America Retirement Markets, and he
headed Strategic Initiatives for Pacific Life Insurance
Company.
Rooney earned an MBA degree in Finance from the Leonard N. Stern
School of Business at New York University and a BBA degree in
Finance from Baruch College. A strong believer in lifelong
learning, he is a graduate of the Investment Strategies and
Portfolio Management Program at The Wharton School, University of
Pennsylvania, and completed the FinTech Program at Harvard
University.
“Today’s announcement represents an important step in further
strengthening our senior leadership team and in the growth and
development of Marygold, as our mobile banking app transitions from
development stage to beta testing and we near the finish line to
prepare for the launch,” said Nicholas Gerber, CEO of The Marygold
Companies. “Timothy is a visionary leader with experience, drive
and motivation for success. He has been intimately involved with
development of the app from the beginning, and his
behind-the-scenes knowledge puts him in the ideal position to lead
the organization and assume the role of President.”
"I am incredibly excited to be leading Marygold & Co., as we
prepare to introduce what we believe will be the most innovative
mobile banking product on the market,” Rooney said. “Fintech is
widely regarded as a high growth sector in an increasingly complex
world. Our new app will truly enable clients to simplify and
organize their financial lives in a secure manner.”
The app has been under development for the past three years and
currently is in the beta testing phase. More than 10,000 potential
clients are currently on the wait list to download and start using
the app. Among the unique features, the app will:
- Allow clients to securely send payments to anyone.
- Enable clients to save through interest-bearing FDIC-insured
accounts, without banking fees or minimum requirements, including
customization of savings goals for specific purposes.
- Provide the ability to customize investing, including the use
of Money Pools, with diversified portfolios in accordance with
user-selected goals and time-based objectives.
About The Marygold Companies, Inc.
The Marygold Companies, Inc., which changed its name from
Concierge Technologies, Inc. in March 2022, was founded in 1996 and
repositioned as a global holding firm in 2015. The Company
currently has operating subsidiaries in financial services, food
manufacturing, printing, security systems and beauty products,
under the trade names USCF Investments, Tiger Financial & Asset
Management Limited, Gourmet Foods, Printstock Products, Brigadier
Security Systems and Original Sprout, respectively. Offices and
manufacturing operations are in the U.S., New Zealand, U.K., and
Canada. For more information, visit
www.themarygoldcompanies.com.
About Marygold & Co.
Marygold & Co., a wholly owned subsidiary of The Marygold
Companies, was established in the U.S. in 2019 as a development
stage company that today is nearing completion of an innovative
fintech mobile banking app. Offices are in Denver, Colorado. For
more information, visit https://marygoldandco.com/.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of U.S. federal securities laws. Words such as
“expect,” “estimate,” “project,” “budget,” “forecast,”
“anticipate,” “intend,” “plan,” “may” “will,” “could,” “should”
“believes,” “predicts,” “potential,” “continue” and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements, including, but not
limited to, completing the development and launch of the Company’s
fintech mobile banking app, involve significant risks and
uncertainties that could cause actual results to differ materially
from the expected results and, consequently, should not be relied
upon as predictions of future events. These forward-looking
statements, including the factors disclosed in the Company’s Annual
Report on Form 10-K filed with the Securities and Exchange
Commission on September 28, 2022, and in the Company’s other
filings with the Securities and Exchange Commission, are not
exclusive. Readers are cautioned not to place undue reliance upon
any forward-looking statements, which speak only as of the date
made. Except as required by law, the Company disclaims any
obligation to update or publicly announce any revisions to any of
the forward-looking statements contained in this press release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230119005111/en/
Media and investors, for more Information, contact: Roger
S. Pondel PondelWilkinson Inc. 310-279-5965 rpondel@pondel.com
Contact the Company: David Neibert, Chief Operations
Officer 949-429-5370 dneibert@themarygoldcompanies.com
Marygold Companies (AMEX:MGLD)
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