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CEO Council Encouraged by Nomination of Rep. Christopher Cox to
Be Chairman of Securities and Exchange Commission
WASHINGTON, June 13 /PRNewswire/ -- CEO Council issued the following statement
today on the nomination of Rep. Christopher Cox (R-CA) to be Chairman of the
Securities and Exchange Commission:
The CEO Council welcomes the nomination of Representative Christopher Cox
(R-Newport Beach) as Chairman of the U.S. Securities and Exchange Commission.
The Council believes that Representative Cox will bring wide-ranging experience
and proven leadership to the Securities and Exchange Commission. With a career
dedicated to public service, Christopher Cox has demonstrated his capacity to
handle the complexities of securities regulation.
The CEO Council is a nonprofit organization advocating the interests of small
public companies and their shareholders. Members of the CEO Council include
publicly-traded companies such as: CorpHQ, Inc. (Pink Sheets: COHQ); Cybertel
Capital Corporation (OTC:CYBTE) (BULLETIN BOARD: CYBTE) ; Circle Group Holdings
(AMEX:CXN); and Infinium Labs; Knobias (OTC:KNBS) (BULLETIN BOARD: KNBS) ; and
Ecuity, Inc. (OTC:ECUI) (BULLETIN BOARD: ECUI) , as well as service providers
such as IBA Capital, Investrend Communications, and the August Law Group.
"We were encouraged to hear of President Bush's nomination of Representative
Cox," stated Drew Connolly, the Council's Executive Director and a member of
the SEC's Advisory Committee on Smaller Public Companies, "While we applaud
Chairman Donaldson's work and regret that he is leaving, we are confident that
Mr. Cox will prove to be a strong supporter of small business and public
companies, and expect he will actively work with us to enhance the marketplace
for smaller issuers and investors."
Since 2002, the CEO Council has led the effort to "right-size" the regulatory
environment for small public companies and their investors. The Council looks
forward to Representative Cox's confirmation by the U.S. Senate, so that he can
continue to protect the businesses, shareholders and consumers that fuel
America's economy.
"We can't reiterate enough how much value the small and micro-cap markets add
to the U.S. economy, and given the significant issues that face the smaller
public market community and country as a whole, it is important that Congress,
the SEC, and White House work together to engender a regulatory framework that
promotes protection for investors and access to capital for entrepreneurs,"
added Connolly.
About the CEO Council:
The mission of The CEO Council is to provide a common voice and platform for
officers and directors of public companies, and enable them to more effectively
interpret and participate in the corporate governance and regulatory process to
ensure compliance, to safeguard shareholder value and to clearly demonstrate a
dedication to fair and ethical business practices. Visit the CEO Council online
at http://www.ceocouncil.net/.
DATASOURCE: CEO Council
CONTACT: Sean Costello, , or Devon Blaine,
, both of The Blaine Group, +1-310-360-1499; or James A.
"Drew" Connolly III, Executive Director, +1-800-532-0392,
, or Alan Lewis, National Business Director,
+1-323-662-3835, , both of CEO Council
Web site: http://www.ceocouncil.net/