BETHESDA, Md., Sept. 17 /PRNewswire/ -- American Capital (Nasdaq:ACAS) announced today the appointment of Alvin N. Puryear to its Board of Directors. Mr. Puryear is a Professor of Management at Baruch College of the City University of New York. During his 29-year tenure at Baruch, Mr. Puryear has served as College Dean, Chairman of the Department of Management, Co-Director of the Baruch College/Cornell University Master of Science in Industrial Relations Program, and Director of the Baruch College Small Business Lab.
Mr. Puryear is a member of the Board of Directors of Bank of Tokyo- Mitsubishi Trust Company, GreenPoint Financial Corporation, GreenPoint Bank, Interracial Council of Business Opportunity and the Presbyterian Church (USA) Investment and Loan Corporation. He previously served as director of several SBICs. He also has held several public sector positions, including deputy controller of the City of New York.
Malon Wilkus, President and CEO of American Capital said, ``Mr. Puryear's credentials speak to his ability to lead both in an academic and public finance company setting. We are excited about the addition of Alvin to the Board and look forward to working with such an outstanding individual.''
Alvin Puryear noted that, ``As a professor in entrepreneurial strategies, I found the overall leadership and story of American Capital fascinating. American Capital is poised to meet the growing needs of middle market companies. I look forward to actively participating on the Board of American Capital.''
American Capital is a buyout and specialty finance company with capital resources exceeding $150 million. American Capital invests $1 to $20 million in the form of senior debt, subordinated debt and equity to middle market companies in need of capital for growth, acquisitions, employee buyouts, management buyouts, liquidity and restructurings. Companies interested in learning more about American Capital and its unique and flexible financing should contact John Hoffmire, Vice President of Sales and Marketing, at 781-862-4447 or visit the ACAS website.
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The statements regarding expected results of American Capital Strategies are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, changes in regional or national economic conditions, or changes in the conditions of the industries in which American Capital has made investments.
