Ault Alliance’s Subsidiary, Circle 8, Expands Leadership Team With Appointment of Crane Industry Veteran Arnold Mabee as CEO
06 April 2023 - 8:30PM
Business Wire
Ault Alliance, Inc. (NYSE American: AULT), a diversified holding
company (“Ault Alliance” or the “Company”), announced today
that its indirect subsidiary, Circle 8 Newco, LLC, a leading crane
rental and lifting solutions provider (“Circle 8”), has
appointed Arnold Mabee as its new CEO. With over 30 years of
operational and senior management experience, Mr. Mabee is a
veteran in the crane services industry. He previously served as
President of Sterling Crane (USA), where he doubled the company’s
revenue during his tenure.
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Mr. Arnold Mabee, New CEO of Circle 8
Crane Newco, LLC, Robstown, TX (Photo: Business Wire)
In his new role, Mr. Mabee is expected to drive Circle 8 towards
new heights and expand its fleet and personnel. Mr. Mabee’s passion
for operational excellence positions him well to capitalize on the
enormous opportunities in front of Circle 8. With multiple
locations throughout the South-Central region of the U.S., Circle 8
offers a broad range of lifting solutions and services for
oilfield, construction, commercial, and infrastructure markets,
with an industry-leading safety record.
“Circle 8 is a great company with enormous potential, and I am
excited to join the team and drive the business forward to its full
potential,” said Mr. Mabee, CEO of Circle 8.
Phillip Bryson, President of Circle 8, expressed his excitement
at the appointment, stating that Mr. Mabee’s wealth of experience
and network will help drive the business forward. Chris Wu,
Executive Vice President of Ault Alliance and member of the Circle
8 Board of Directors, sees Mr. Mabee’s appointment as a testament
to Circle 8’s strength and the opportunity to build a world-class
lifting services business.
For more information on Ault Alliance and its subsidiaries, the
Company recommends that stockholders, investors and any other
interested parties read the Company’s public filings and press
releases available under the Investor Relations section at
www.ault.com or available at www.sec.gov.
About Ault Alliance, Inc.
Ault Alliance, Inc. is a diversified holding company pursuing
growth by acquiring undervalued businesses and disruptive
technologies with a global impact. Through its wholly and
majority-owned subsidiaries and strategic investments, Ault
Alliance owns and operates a data center at which it mines Bitcoin
and provides mission-critical products that support a diverse range
of industries, including metaverse platform, oil exploration, crane
services, defense/aerospace, industrial, automotive,
medical/biopharma, consumer electronics, hotel operations and
textiles. In addition, Ault Alliance extends credit to select
entrepreneurial businesses through a licensed lending subsidiary.
Ault Alliance’s headquarters are located at 11411 Southern
Highlands Parkway, Suite 240, Las Vegas, NV 89141;
www.ault.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements generally include
statements that are predictive in nature and depend upon or refer
to future events or conditions, and include words such as
“believes,” “plans,” “anticipates,” “projects,” “estimates,”
“expects,” “intends,” “strategy,” “future,” “opportunity,” “may,”
“will,” “should,” “could,” “potential,” or similar expressions.
Statements that are not historical facts are forward-looking
statements. Forward-looking statements are based on current beliefs
and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made,
and the Company undertakes no obligation to update any of them
publicly in light of new information or future events. Actual
results could differ materially from those contained in any
forward-looking statement as a result of various factors. More
information, including potential risk factors, that could affect
the Company’s business and financial results are included in the
Company’s filings with the U.S. Securities and Exchange Commission,
including, but not limited to, the Company’s Forms 10-K, 10-Q and
8-K. All filings are available at www.sec.gov and on the Company’s
website at www.ault.com.
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