• PRESS RELEASE
        Posted
        9/26/05
      • COO Announcement
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        FROM:
        DATE:

        RE:

        Rex Chamberlain, CEO and Buzz Baker, President
        September 26, 2005
        Changes to Corporate Structure

         

        Network Funding, L.P. Announces New COO

        Houston, Texas (September 26, 2005) – We are pleased to announce that Tommy Orr has been named Chief Operating Officer (COO) of Network Funding, LP effective immediately. Tommy will be responsible for managing all aspects of the Network Funding operations. Steve Champagne will continue to operate as Chief Financial Officer (CFO) and will maintain responsibility for managing the financial aspects of the company. Tommy and Steve will be meeting with each department to discuss the effect, if any, on the departmental structure and management reporting changes. 

        In addition, we are pleased to announce that Denise Martinez will be joining Network as Underwriting Manager effective October 1. Denise has a number of years of experience in managing large underwriting staffs for companies with nationwide branch offices and will manage Network’s underwriting department. Denise will also bring two senior underwriters with her who will also start October 1.

        Carey Banning will continue as Operations Manager and will continue to manage the closing and post-closing operations. In addition, Carey will take over the management of certain aspects of branch support previously handled by Tommy and will focus on establishing a training program for existing and new branches and their employees.

        We are very excited about these changes and believe they place Network Funding in a position to focus on rapid growth with strong structural support for our branches for the foreseeable future.

         

         

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