ULAANBAATAR, Mongolia, Sept. 15, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Mongolia Holdings, Inc. (OTCQB: MNHD) is pleased to announce the appointment of long-time Mongolia resident and investment banking expert, Jim Dwyer, to its Advisory Board.
Mr. Dwyer was a New York-based investment banker for 30 years, completing over 100 transactions. He founded and managed M&A departments for Shearson Loeb Rhoades and UBS-North America, where he served as head of cross-border M&A. Before that he served as deputy head of M&A at Kidder Peabody and was a Senior VP of investment banking at Donaldson, Lufkin & Jenrette.
Starting in 2001, Mr. Dwyer represented the Government of Mongolia as lead investment banker for the privatization of Trade and Development Bank and then for the privatization of Khan Bank, the largest retail bank in Mongolia. From 2003 to 2007, Mr. Dwyer was COO of the Mongolian branch of the North America-Mongolia Business Council. Subsequently, he has served as Executive Director of the Business Council of Mongolia since its inception in 2007.
Mr. Dwyer received an MBA from Columbia University and a BBA from the University of Notre Dame. He lives in Ulaanbaatar with his family.
Former US Ambassador E. Michael Ussery, the Company's Chairman, commented: "We appreciate Jim Dwyer's generosity with his time, expertise and contacts, throughout the development of our Hertz Equipment Rental business opportunity for Mongolia. We applaud his thirteen-year commitment to advancing the cohesiveness of the business community there and value his new, more formal relationship with Mongolia Holdings, Inc."
About the Company:
Mongolia Holdings, Inc., through its wholly-owned subsidiary Mongolia Equipment Rental Corporation, is the Hertz Equipment Rental franchisee for Mongolia. This exclusive franchise allows the Company to operate a business of renting, selling, and maintaining equipment for use in construction, mining, materials-handling, commercial, and industrial activities in Mongolia under the unique plan and system of Hertz Equipment Rental Corporation and Hertz Equipment Rental System.
Mongolia is one of the fastest growing economies in the world, led by the extraction of vast deposits of coal, copper, gold, uranium, iron ore and other commodities. Its proximity to four of the largest economies in the world -- China, Russia, Japan, and South Korea -- creates trade and cross-border investment opportunities that are distinct from those available to competing resource-rich countries. These natural advantages, along with recent pro-business changes in foreign investment rules, securities laws, and mining regulations, have the nation poised for sustained growth in the construction sector for infrastructure development and industrialization resulting from large-scale mining projects. Mongolia is an independent democracy of approximately three million people, dedicated to building the new economic corridor of Eurasia.
For more information, please visit: http://www.MNHD.mn
Forward Looking Statement:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and under the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements. Without limiting the foregoing, the words "believe," "anticipate," "plan," "expect," "seek," "potential," "estimate," and similar expressions are intended to identify forward-looking statements. These statements relate to future events, including the Company's expectations regarding Mongolia's economy, development, and potential growth, and the Company's and its subsidiaries' business and operations in Mongolia or to the Company's or its subsidiaries' future financial performance, and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements.
Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. Such risks, uncertainties, and other factors which could impact the Company and its subsidiaries and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit http://www.prweb.com/releases/MNHD/Dwyer/prweb12161683.htmCONTACT: Mongolia Holdings, Inc.