CEO Council Encouraged by Nomination of Rep. Christopher Cox to Be Chairman of Securities and Exchange Commission
14 June 2005 - 12:30AM
PR Newswire (US)
CEO Council Encouraged by Nomination of Rep. Christopher Cox to Be
Chairman of Securities and Exchange Commission WASHINGTON, June 13
/PRNewswire/ -- CEO Council issued the following statement today on
the nomination of Rep. Christopher Cox (R-CA) to be Chairman of the
Securities and Exchange Commission: The CEO Council welcomes the
nomination of Representative Christopher Cox (R-Newport Beach) as
Chairman of the U.S. Securities and Exchange Commission. The
Council believes that Representative Cox will bring wide-ranging
experience and proven leadership to the Securities and Exchange
Commission. With a career dedicated to public service, Christopher
Cox has demonstrated his capacity to handle the complexities of
securities regulation. The CEO Council is a nonprofit organization
advocating the interests of small public companies and their
shareholders. Members of the CEO Council include publicly-traded
companies such as: CorpHQ, Inc. (Pink Sheets: COHQ); Cybertel
Capital Corporation (OTC:CYBTE) (BULLETIN BOARD: CYBTE) ; Circle
Group Holdings (AMEX:CXN); and Infinium Labs; Knobias (OTC:KNBS)
(BULLETIN BOARD: KNBS) ; and Ecuity, Inc. (OTC:ECUI) (BULLETIN
BOARD: ECUI) , as well as service providers such as IBA Capital,
Investrend Communications, and the August Law Group. "We were
encouraged to hear of President Bush's nomination of Representative
Cox," stated Drew Connolly, the Council's Executive Director and a
member of the SEC's Advisory Committee on Smaller Public Companies,
"While we applaud Chairman Donaldson's work and regret that he is
leaving, we are confident that Mr. Cox will prove to be a strong
supporter of small business and public companies, and expect he
will actively work with us to enhance the marketplace for smaller
issuers and investors." Since 2002, the CEO Council has led the
effort to "right-size" the regulatory environment for small public
companies and their investors. The Council looks forward to
Representative Cox's confirmation by the U.S. Senate, so that he
can continue to protect the businesses, shareholders and consumers
that fuel America's economy. "We can't reiterate enough how much
value the small and micro-cap markets add to the U.S. economy, and
given the significant issues that face the smaller public market
community and country as a whole, it is important that Congress,
the SEC, and White House work together to engender a regulatory
framework that promotes protection for investors and access to
capital for entrepreneurs," added Connolly. About the CEO Council:
The mission of The CEO Council is to provide a common voice and
platform for officers and directors of public companies, and enable
them to more effectively interpret and participate in the corporate
governance and regulatory process to ensure compliance, to
safeguard shareholder value and to clearly demonstrate a dedication
to fair and ethical business practices. Visit the CEO Council
online at http://www.ceocouncil.net/. DATASOURCE: CEO Council
CONTACT: Sean Costello, , or Devon Blaine, , both of The Blaine
Group, +1-310-360-1499; or James A. "Drew" Connolly III, Executive
Director, +1-800-532-0392, , or Alan Lewis, National Business
Director, +1-323-662-3835, , both of CEO Council Web site:
http://www.ceocouncil.net/
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