Duluth, Ga., USA - April 5, 2013, Duluth, Ga., USA - Vystar Corporation, a technology company, announced that W. Dean Waters was appointed as chief financial officer.
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Mr. Waters, a director of the Company and Chairman of the Company's Audit Committee, founded and is Managing Director of FiveFold Capital. He has more than 20 years of diversified business experience, sixteen of which has been focused on raising capital.
Prior to FiveFold Capital, he was Senior Vice President in Commerce Street Capital's Bank Development Group managing both initial and secondary community bank capital offerings.
Mr. Waters founded and was Managing Partner of Poseidon Capital Investments, LLC and was Director of Equity and Debt Syndications at Global Capital Finance. He was Senior Vice President, Director and one of the founding members of the Capital Markets Group within GMAC Commercial Finance's Equipment Finance Division.
He began his finance career at NationsBank, predecessor to the current Bank of America and in less than five years became the Managing Director of Equity Distributions of Bank of America Leasing & Capital Group.
Mr. Waters received a B.S. in Economics from East Carolina University in Greenville, N.C., and earned an M.B.A., with honors, from Wake Forest University' Babcock Graduate School of Management in Winston-Salem, N.C. He also represented Wake Forest in the European Business Studies program at St. Peters College of Oxford University and served eight years as a board member on the Babcock Graduate School of Management's Alumni Council.
Mr. Waters holds multiple securities licenses. In connection with his appointment as Chief Financial Officer, he resigned his position as Chairman and member of the Company's Audit Committee.
Mr. Waters replaces Monica Schreiber, the Company's temporary Acting Chief Financial Officer.
Ms. Schreiber was appointed Acting Chief Financial Officer of the company in September last year. She has more than 20 years of experience in accounting and financial management and has spent the our years serving as a contract controller or SEC reporting specialist for a variety of companies.
Prior to that she served as a Controller for EasyLink Services, Director of Accounting for Web.com, CFO for Capitol First, and Senior Analyst for Access Worldwide. ■