OSL Holdings , Inc. (OTCQB:OSLH) -
July 31, 2014
OSL HOLDINGS HIRES FORMER SEC EMPLOYEE AS VICE PRESIDENT, CORPORATE CONTROLLER
AND PRINCIPAL ACCOUNTING OFFICER
YARDLEY, PA. July 31, 2014 -- OSL Holdings (OTCQB:
OSLH) ("OSL" or
"the Company"), a socially conscious business model dedicated to consumer
advocacy, social activism and the advancement of civil liberties through the
power of commerce, announced today that effective July 7, 2014 Thomas D’Orazio
joined the company to help streamline and optimize finance, accounting and
reporting procedures, requirements and processes. Tom will serve as OSL Holdings
Inc.’s Vice President, Corporate Controller and Principal Accounting Officer.
Bob Rotherberg, OSL’s CEO said, “We are excited to have Tom join the team. Tom
brings a wealth of experience that will help the company with its reporting
requirements as well as the accounting expertise needed to effectuate our
accretive acquisition strategy.”
Prior to joining the company, Mr. D’Orazio served on the Technical Accounting
Staff in the Division of Corporation Finance at the U.S. Securities and Exchange
Commission from May 2013 to May 2014 where he reviewed registrants’
annual/interim filings and registration statements encompassing diversified
businesses. In this role Mr. D’Orazio identified key risk factors, MD&A matters
and financial statement and related disclosure/internal control issues to ensure
adherence to authoritative accounting/SEC guidance, all of which are potentially
critical to investor decisions. Mr. D’Orazio issued comments
contributed to registrant restatements of previously reported financial
information, amended filings and enhanced MD&A of critical accounting
estimates/policies, results of operations, liquidity/financial condition, etc.
and financial statements and footnotes thereof covering multiple areas.
Previous to that, Mr. D’Orazio served as Senior Vice President, Finance and
Principal Accounting Officer for Sensus, a $0.9 billion annual sales SEC filer
and leading provider of advanced metering and related communications solutions
to the worldwide utility industry, from April 2005 through December]2012. Mr.
D’Orazio also served as principal accounting officer for several multi-national
public (primarily manufacturing) companies, on the staff of the Financial
Accounting Standards Board in Research and Technical Activities and in the audit
division of Arthur Andersen LLP. Mr. D’Orazio graduated with a B.B.A. in
Accounting and Financial Management from Pace University in NYC, ranking first
in his major field, and is an active licensed certified public accountant in the
state of New York.
OSL Holdings (OTC: OSLH) is a development and technology company specializing in
affluent, liberal markets with high disposal income. The Company intends to
operate a real-time loyalty rewards platform that can facilitate the earning and
redemption of rewards currency at the point of the transaction (online, mobile,
at retail) as well as on future transactions. OSL Holdings' target consumers are
highly educated, respond to cause marketing initiatives and socially conscious
business models, and are technologically savvy. On March 10, 2014, the Company
announced its intent to enter the legal marijuana market when federal law
permits, providing foundational work for branding, marketing, technology, and
logistics to existing or emerging legal marijuana licensees.
The Company's filings with the SEC are available at http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001329957&owner=exclude&count=40.
For more information, please visit the Company's website at www.oslholdings.com.
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OSL Holdings Inc. (OSLH)
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SOURCE: OSL Holdings Inc.
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