SAN FRANCISCO, September 18, 2015 /PRNewswire/ -- Paradigm Resource Management Corporation (OTCBB: PRDC) ("Paradigm Resource" or the "Company"), a diversified asset management company with focus in the commodities, real estate and technology sectors, announced today the appointment of Daniel Otazo as Chief Financial Officer. As the company is repositioning its strategy forward, Mr. Otazo will also assume the position of interim Chief Executive Officer.
Mr. Otazo brings over 15 years of professional experience in the financial services sector, particularly in the areas of Investment Management and Corporate Banking. He worked as a management consultant for PricewaterhouseCoopers in Germany, Switzerland and Spain and assumed senior executive positions in several banks in South and Central America, including Chief Executive Officer, Chief Risk Officer, Chairman of the Investment Committee, and Vice President of Finance and Controlling. Mr. Otazo has a degree in Computer Science and Engineering from the University of Applied Sciences Konstanz, Germany and an MBA from the University of Edinburgh, United Kingdom. He is also holder of the Chartered Financial Analyst designation (CFA).
"I am thrilled to become CFO of Paradigm Resource at this exciting stage where the Company is reassessing its future strategies. I am also grateful to the Board and shareholders, for granting me this responsibility," Mr. Otazo stated. "In the coming weeks, we will announce additional changes we plan to undertake to reposition the Company. We will continue to pursue highly attractive opportunities in the most promising sectors, and to incorporate highly skilled and motivated professionals into our team."
About Paradigm Resource Management Corporation.
Paradigm Resource Management Corporation is an asset management company that is pursuing opportunities for investment targets in the commodities, real estate and technology sectors. The company seeks to make investments in the form of straight bonds, convertible bonds or preferred or common equity. For further information, please go to www.paradigm-resource.com
FORWARD LOOKING STATEMENTS
Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of products. Such forward-looking statements are based on present circumstances and on Paradigm Resource Management Corporation predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, changes in metal prices, the ability to successfully fund any exploration activities, consumer and business consumption habits, the ability to fund operations and other factors over which Paradigm Resource Management Corporation has little or no control. Such forward-looking statements are made only as of the date of this release, and Paradigm Resource Management Corporation assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in Paradigm Resource Management Corporation Form 10-Q of August 19th, 2015, and other documents filed from time to time by Paradigm Resource Management Corporation with the Securities and Exchange Commission.
For more information:
Daniel Otazo, CFA
Tel: +1-212-315-9705
Email: info@paradigm-resource.com
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