NIS HOLDINGS CORP. ANNOUNCES CHANGES TO THE BOARD OF DIRECTORS
NEW YORK, Oct. 5, 2011 -- NIS HOLDINGS CORP. (PINKSHEETS: NISC) announced today that its Board of Directors has two new members officially effective September 30th, 2011. Two new highly talented business leaders are designated to succeed the currently stepped down President and Chief Executive Officer, Mr. Chris Kiltsikis, as well as the Treasurer of the company, Mr. Albert Ng. They both have resigned from their positions as directors to focus on other personal and professional pursuits.
Mr. Haral Tsitsivas has been entrusted with the important duties of President and Chief Executive Officer of NIS Holdings. Mr. Tsitsivas holds Bachelor's and Master's degrees in Computer Science from California State University at Northridge and an M.B.A. degree from Pepperdine University's Graziadio School of Management. Since 1990, he has been the President of UniSolutions Associates LLC where he has served as a Principal Consultant and has been a key contributor in large software development projects for both commercial and government applications. Mr. Tsitsivas says, "I am very pleased to be joining NIS Holdings, a company that is well positioned for success by combining technical knowledge and financial ingenuity in retail and internet marketing. I look forward to working with the other team members to build on a solid foundation and grow the company."
Mr. Nikolaos Mangas has been appointed as the new Treasurer and Chief Financial Officer of NIS Holdings. Mr. Mangas holds a MSc in International Business and Finance from the London Metropolitan Business School, UK and a Bachelor's Degree in Maritime Economics from the University of Piraeus, Greece. His professional experience so far includes participation and implementation of various strategic planning solutions and financial management for start-up companies. Prior to his appointment by the Company, he had held a position in the Credit Division of a major Greek Bank. Mr. Mangas says, "I am honored to be joining this distinguished company. I hope my experience in the financial area will further strengthen our board. I'll do my level best to help NIS Holdings fulfill its mission."
Mrs. Vasiliki Anagnostou, who joined the Company as Secretary in October 2010, remains on the Board at the same position.
About NIS Holdings Corporation
NIS Holdings Corp. is registered in Reno, Nevada and headquartered in New York City. The Company specializes in the acquisition of firms in profitable markets with high-potential and capable of achieving sustainable growth.
NIS Holdings is a public company trading on the OTC under the symbol NISC.
Issued by NIS Holdings, Corp.
This document was produced by and the opinions expressed are those of NIS Holdings Corp. as of the date of writing and are subject to change without obligation to update. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of NIS Holdings Corp. to any person to buy or sell any security. Any reference to past performance is not a guide to future performance. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but NIS Holdings Corp. does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.
This release may contain forward-looking statements, including, without limitation, statements containing the words "believes," "anticipates," "expects," "intends," "plans," "seeks," "estimates," "may," "will," "could," "stands to," and "continues," as well as similar expressions. Such forward- looking statements may involve known and unknown risks, uncertainties and other factors which might cause the actual results, financial condition, performance or achievements of NIS Holdings Corp., or industry results, to be materially different from any historic or future results, financial conditions, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, the reader is advised not to place any undue reliance on such forward-looking statements. These forward-looking statements speak only as of the date of publication of this document. NIS Holdings Corp. expressly disclaims any obligation to update any such forward-looking statements in this document to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, unless required by law or regulation.
Contact Information NIS HOLDINGS, CORP.
Contact Person: Vasiliki Anagnostou