Acting CFO, Chairman-elect
Michael A. Asch has been elected to serve as Acting Chief Financial Officer and the Chairman of the Board of Directors, pending the company’s acquisition of $1,000,000 in Director’s and Officer’s liability insurance. He presently serves as a consultant to Aquarius with mirroring roles and responsibilities.
Mr. Asch has been President of Anniston Capital, Inc., a private merchant banking firm, since 1992. Mr. Asch’s qualifications to serve as Aquarius’ Acting CFO and Chairman of the Board include his extensive business experience serving as an Officer and Director of Nasdaq and American Stock Exchange listed companies, acting as both a principal and advisor in over 60 mergers and acquisition transactions totaling over $2B, and his financial management of both publicly traded and privately held companies in several, diverse industries. He has also served on the Board of numerous privately held companies, mutual funds and multi-national non-profit organizations.
Since 2008, he has been Managing Member of MARS Capital Technologies, LLC, a private investment firm. Since 2013, he has been Managing Member of Anodes Partners LLC, a technology licensing sales company. Mr. Asch was President, Chief Operating Officer, Chief Financial Officer and a Director of Rexx Environmental Corporation, an American Stock Exchange listed company, from 1997 until 2000, when it completed a merger to become Newtek Business Services Corp., a Nasdaq listed business services company.
From 1993 until 1996, he was CFO and a Director of Oak Hill Sportswear Corporation, a Nasdaq listed company. Prior to founding Anniston Capital in 1992, Mr. Asch was an Associate in the investment banking division of Robert Fleming, Inc. and a Corporate Finance Analyst with Wertheim Schroder & Co. Incorporated.
Mr. Asch received a Bachelor of Science in Economics from The Wharton School of the University of Pennsylvania.