Tuyen Do of Royal Palm Capital Joins Cenuco's Board of Directors
26 Luglio 2004 - 10:17PM
PR Newswire (US)
Tuyen Do of Royal Palm Capital Joins Cenuco's Board of Directors
BOCA RATON, Fla., July 26 /PRNewswire-FirstCall/ -- Cenuco, Inc.
(AMEX:ICU) announced today that Tuyen V. Do, Vice President of
Royal Palm Capital Partners, L.P., a middle market private equity
firm, has joined the Board of Directors of Cenuco, Inc. Prior to
joining Royal Palm Capital Partners, Mr. Do, 33, was an investment
banker at J.P. Morgan Securities, Inc. Mr. Do received his B.S. in
Commerce with concentrations in Finance, Marketing and Management,
his M.B.A., and his J.D. from the University of Virginia. "Tuyen
brings a strong vision and fresh outside perspective to Cenuco's
Board," stated Steven Bettinger, Founder and President of Cenuco,
Inc. "His rounded experiences in investment banking and operating
companies in a number of different industries will greatly benefit
the Company and our shareholders." "I am very excited to be a part
of a dynamic company with such solid growth prospects," said Mr.
Do. "Under the leadership of an outstanding management team, the
Company participates in high growth sectors with an enviable
pipeline of revolutionary products and services. I hope to help the
Company further the growth of its core business organically and
through alliances. Along with the other board members, I am eager
to help management in exploring strategic alternatives for the
Company's online education business." About Cenuco (AMEX:ICU) --
Founded in 1993, Cenuco, Inc. is a pioneer in component-based,
encrypted wireless remote video monitoring and data systems for the
security, education, government and retail markets. The Company
specializes in the development and integration of next-generation
wireless video and data technologies for specific industry,
government and individual consumer needs. Cenuco's technologies are
patent-pending, and are also available through Federal GSA contract
number GS-04F-0025N. Please visit http://www.cenuco.com/ for
additional information. About Royal Palm Capital Partners (RPCP)
Royal Palm Capital Partners is a private investment firm that
focuses on growth equity investments in the United States. Royal
Palm was formed by former senior investment executives and advisors
of Huizenga Holdings, Inc. Together, the Principals have
significant expertise in the evaluation, operational enhancement
and oversight of leading businesses. Royal Palm is committed to
making equity investments for long-term appreciation, typically
through controlling ownership of a business, and partnering with
management to develop and monitor a growth plan. Royal Palm invests
in businesses in which its commitment to growth and highly involved
operational focus can create substantial, lasting value. Certain
statements contained herein may constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, 21E of the Exchange Act of 1934 and/or the Private
Securities Litigation Reform Act of 1995. Such statements include,
without limitation, statements regarding business plans, future
regulatory environment and approval and the Company's ability to
comply with the rules and policies of independent regulatory
agencies. Although the Company believes the statements contained
herein to be accurate as of the date they were made, it can give no
assurance that such expectations will prove to be correct. The
Company undertakes no obligation to update these forward-looking
statements. DATASOURCE: Cenuco, Inc. CONTACT: Steve M. Bettinger,
President, Cenuco, Inc., +1-561-997-2602; or Cheryl Schneider, VP -
Investor Relations, or Margarerit Drgos, VP - Media Relations, or
Jeff Myhre, VP - Editorial, all of Porter, Le Vay & Rose, Inc.,
+1-212-564-4700, for Cenuco, Inc. Web site: http://www.cenuco.com/
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