Winston Salem, NC (PRWEB) August 22, 2006
Winston-Salem, NC (PRWEB) August 22, 2006 –- InterAct Public Safety Systems, a leading supplier of public safety technology systems used by local, state, national and international government agencies, today announced that Mark Castaneda will join the executive management team as Chief Financial Officer. Mr. Castaneda brings a strong background in finance, operational structuring, and mergers and acquisitions.
Mr. Castaneda, age 42, joins InterAct from Pike Electric (NYSE: PEC), a $700+ million electrical transmission and distribution (T&D) construction and maintenance provider serving 19 states with over 6,500 employees, where he served as Chief Financial Officer. There he was responsible for the corporate planning, financial reporting and supervision of all finance and accounting functions ultimately leading the company through a successful initial public offering (IPO).
Prior to joining Pike, Mr. Castaneda served as the Chief Financial Officer and a director of Blue Rhino Corporation (NASDAQ: RINO), a $300 million high growth provider of propane tank exchange with over 30,000 locations in 50 states from October 1997 to September 2004. He also led Blue Rhino through a successful IPO and several subsequent private and public offerings of debt and equity, and led M&A activity including valuation, negotiation and implementation of transitional plans on over 30 acquisitions in his tenure.
Mr. Castaneda has also served as Vice President of Finance and the Chief Financial Officer for All Star Gas Corporation from 1995 until 1997, as Director of Planning and Controller of Skelgas Propane, Inc. from 1991 to 1995, and as a certified public accountant with Deloitte & Touche LLP from 1988 to 1990. Mr. Castaneda graduated from DePaul University with a B.S. in Accountancy and an M.S. in Taxation.
“Mark is a seasoned veteran with tremendous range as a leader and executive and I believe he will be able to straddle both finance and operations very effectively as we pursue our revenue growth strategies, new equity financings, and acquisitions,” said Andrew J. Filipowski, chairman and chief executive officer at InterAct Public Safety Systems. “We have built a management team that is capable and has the experience to operate a much larger business than InterAct is today. With Mark on board we will have our sights set on rapidly becoming the undisputed leaders in the public safety and homeland security business and continue our penetration of the private sector with our command and control center solutions.”
About InterAct Public Safety Systems
Since 1975, InterAct Public Safety Systems has led the industry in providing mission-critical public safety and homeland security systems and products. Our 9-1-1 systems revolutionize the way public safety agencies handle information and how first-responders carry out their missions. We offer dynamic Records Management solutions that allow agencies to quickly extract, filter and share information to better manage their internal information processes. First responders from a variety of agencies and jurisdictions gather and share crucial information quickly and accurately using our suite of data sharing, security, and emergency management systems. InterAct understands real-world demands and provides real-world solutions. For more information, please visit us on the web at http://www.interact911.com/ or call 1-800-768-3911.
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