Sunset Financial Appoints Stacy Riffe Chief Financial Officer
16 Settembre 2005 - 8:53PM
PR Newswire (US)
JACKSONVILLE, Fla., Sept. 16 /PRNewswire-FirstCall/ -- Sunset
Financial Resources, Inc. (NYSE:SFO), today announced the
appointment of Stacy Riffe, age 40, to Chief Financial Officer,
effective September 13, 2005. Ms. Riffe will report directly to
George Deehan, President and Chief Operating Officer. Commenting on
the appointment, Mr. Deehan stated, "Sunset is privileged to have
attracted an individual of Stacy's caliber and experience. She
brings to the Company an exceptional background in public
accounting and the experience of leading the finance and accounting
activities of three publicly traded companies. Stacy will play an
integral role in strategic planning and execution and our future
capital raising activities." Ms. Riffe succeeds Michael Pannell as
Chief Financial Officer. Mr. Pannell resigned as of September 12,
2005. From 2002 to 2005, Ms. Riffe was the Chief Financial Officer
of U.S. Restaurant Properties, Inc., which later merged with CNL
Restaurant Properties to form Trustreet Properties, Inc., a
self-advised restaurant real estate investment trust (REIT). Ms.
Riffe was responsible for capital raising, financial reporting and
corporate governance. From 1998 to 2002, Ms. Riffe held
senior-level finance positions at two private companies, The Mail
Box and Pinnacle Restaurant Group LLC. From 1996 through 1997, she
was the Chief Financial Officer of Casa Ole Restaurants, Inc. Prior
to that, she served in several finance capacities, including
Controller and Treasurer, over a five-year period at Spaghetti
Warehouse, Inc., which operated as a public entity during Ms.
Riffe's tenure (Spaghetti Warehouse is currently owned by
Consolidated Restaurant Operations, Inc.). Prior to working at
Spaghetti Warehouse, Riffe, a Certified Public Accountant, worked
in the Dallas audit practice of KPMG Peat Marwick. About Sunset
Financial Resources Sunset Financial Resources, Inc. is a
self-managed real estate investment trust (REIT) that went public
on March 17, 2004. Sunset Financial Resources seeks to deliver
attractive dividend income and steady growth to its shareholders
through the acquisition and management of a portfolio of high
quality residential mortgage loans and well secured commercial
mortgage bridge loans in the United States. Certain statements in
this news release may constitute "forward-looking statements"
within the meaning of the federal securities laws and involve
risks, uncertainties and other factors, which may cause the actual
performance of Sunset Financial Resources, Inc. to be materially
different from the performance expressed or implied by such
statements. These risks include the failure of the Company to
successfully execute its business plan, gain access to additional
financing, the availability of additional loan portfolios for
future acquisition, continued qualification as a REIT, the cost of
capital, as well as the additional risks and uncertainties detailed
in the Company's periodic reports and registration statements filed
with the Securities and Exchange Commission. DATASOURCE: Sunset
Financial Resources, Inc. CONTACT: George Deehan, President, Chief
Operating Officer, of Sunset Financial Resources, +1-904-425-4353,
; Jeffrey Goldberger, +1-212-896-1249, , or Michael Cimini,
+1-212-896-1233, , both investor contacts of KCSA Worldwide
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