Category Archives: Business: Executives

News for Business Executives, current, trending, fresh , Press Releases about whats currently happening in the Business Place for executives.

CommLoan, Leading CRE Lending Marketplace, Welcomes John Dorsey as President


I believe CommLoan is in a position to disrupt the ideology of a fragmented commercial lending market through technology designed to improve the borrowers’ experience with the lenders.”

CommLoan, a leading CRE lending tech company connecting borrowers to lenders, just announced John Dorsey as the President of Sales and Business Development. John will be responsible for the leadership of the CommLoan sales team, developing new business opportunities, and working alongside CEO Mitch Ginsberg on strategic direction of the company.

Dorsey has more than 20 years of senior management experience, including 15 years of business relationship development and plan execution at a national multi-family utility billing service company. Most recently, he was Chief Sales Officer of Conservice, LLC.

“I am very excited to have John Dorsey as a member of the CommLoan team,” said Mitch Ginsberg, CEO and founder of CommLoan. As CommLoan continues its rapid growth and focuses on expansion to new US markets, John’s sales leadership and his strong background in building top performing sales teams will accelerate CommLoan’s growth. We are thrilled to have him onboard!” stated Mitch.

“I am honored to be joining the CommLoan team,” said John Dorsey. “I believe CommLoan has a great business model with a talented management team, contributing to its unique position to capitalize on the everchanging commercial lending environment. As technological utilization continually evolves to optimize business transactions, the commercial mortgage industry is being left behind. This is why CommLoan introduced a new way of streamlining the borrowers’ experience through the CUPID (Commercial Underwriting Pricing Index Data) platform. I believe CommLoan is in a position to disrupt the ideology of a fragmented commercial lending market through technology designed to improve the borrowers’ experience with the lenders.”

As one of the original founders and Chief Sales Officer of Conservice, Dorsey successfully grew revenue from 0 to 80+ million. He led the company through strategic partnerships, led them to win numerous notable service awards and industry recognition before exiting through a private equity acquisition of Conservice.

Dorsey earned a BA Degree in Geography from Arizona State University and an MBA in International Business from Grand Canyon University. Prior to his formal education, John Dorsey proudly served his country in the US Army Armored Division.

About CommLoan

Founded in 2014, CommLoan is the true commercial real estate lending marketplace with the innovative platform CUPID. CommLoan has streamlined the multifaceted process of obtaining commercial real estate financing. With the touch of a button, CUPID can sort through hundreds of lenders and thousands of loan programs to find the right loan that fits borrowers’ specific needs. Combined with concierge service throughout the process, leaves the borrower with a world class lending experience. Further information about how CommLoan’s technology disrupts the commercial real estate mortgage industry, please visit https://www.commloan.com

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Complianceworks Inc. Make Unprecedented Move to Reduce Fees in Response to COVID-19 Health Crisis


Financial services industry provider of outsourced compliance services, ComplianceWorks Inc. has made an unprecedented move to voluntarily reduce its fees to existing and new clients by an average of 19% in response to the COVID-19 health crisis and the economic damage being caused by preventative restrictions on businesses.

In most cases, the revenues of clients of ComplianceWorks Inc. are directly tied to changes in the market because they typically collect a percentage fee of the market value of thier clients’ accounts. Thus with the broad market decline, investment advisory firms can be looking at 20% – 30% lower revenues for the 2nd quarter of 2020. Depending on the ripples in the economy of the COVD-19 restrictions, further unfavorable market reactions are possible.

When asked about the decision to temporarily reduce fees, Jeff Groves, President of ComplianceWorks Inc. responded, “The decision to provide relief to our clients is two-fold: 1) A central part of our service is the relationship with our clients that is more of a partnership due to the central role compliance has within these firms. While it’s easy to talk about being a partner when marketing or when all is well, the true test is will you be a partner when things do not go well? By reducing our fees we are in the same boat as our clients as all of us work towards recovery; 2) Understanding that your client partner is looking at an immediate heavy hit to revenues that will push the cost of compliance to a higher percentage of their cost structure. With some vendors you could just terminate the contract. But the compliance obligations of these firms do not go away with a contract termination. Many of our clients do not have the knowledge and/or resources in-house to affect their compliance program. Thus, terminating compliance assistance will also have the effect of increasing regulatory risk exponentially. As such we consider this our responsibility to continue to aid our clients in working through this difficult period rather than being insensitive their situation.”

Client reactions in addition to being effusively thankful have also had an element of disbelief. They understand ComplianceWorks commitment to being a good partner, but in the words of one client, “I’m almost, but not quite, speechless! This is very thoughtful and extremely appreciated. If only our other industry related vendors did the same life would be so much easier but I’m not holding my breath. In the meantime, I’m actually looking forward to the time when you raise our fee back to normal….” Regardless of industry, the sentiment of looking forward to returning to “normal” provides comfort now and something we all can look forward to.

About ComplianceWorks

ComplianceWorks was born in 2007 out of the need for small to medium-sized investment advisers and broker-dealers to have access to professional compliance help at a reasonable cost. Typically, principals of firms trying to grow their businesses soon discover that keeping abreast of compliance regulations and their compliance obligations is onerous and falls by the wayside in favor of revenue producing tasks.

ComplianceWorks’ consultants have learned compliance in real-time corporate environments, on the job as CCOs and other high-ranking compliance professionals which gives them an understanding of where compliance fits into the bigger business picture.

For more information, contact info@cwicompliance.com

Related Link

http://www.cwicompliance.com

ComplianceWorks Inc.

P.O. Box 6

Palos Verdes Estates, CA 90274

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New Fed Mortgage’s Michael Bornstein Ranked as One of the Nation’s Top Originators


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“We are extremely grateful to have such a dedicated and loyal employee with Michael Bornstein as part of our team”

New FED Mortgage Corp. congratulates Michael Bornstein for ranking as a Scotsman Guide 2019 Top Originator. Michael Bornstein was ranked #123 with 405 closed loans and also #133 in Top Dollar Volume of $149,379,963 in funding’s.

Scotsman Guide, the leading resource for mortgage originators, released its annual Top Originators rankings on April 1 for the previous year. The list, which ranks the nation’s top mortgage producers, appears in Scotsman Guide’s April 2020 residential edition, and the rankings are available online at Scotsmanguide.com/rankings/top-originators.

Michael was ranked among entries from more than 2,600 mortgage professionals across the country, and he has made this coveted list repeatedly over the past 7 years. To be eligible for initial consideration in Scotsman Guide’s Top Originators ranking, originators must have had at least $40 million in loan volume or closed 100 or more loans in calendar year 2019. After receiving submissions, Scotsman Guide required written verification of top entrants’ volume from a certified public accountant, the chief financial officer at the originator’s company or a similar source.

Michael started his mortgage banking career in 2005, and over the past 15 years he has taken an all-in, 24/7 approach to the mortgage business. His tremendous success is due to an unwavering commitment to excellence for his customers and his do whatever it takes team approach with the operations staff. Mike is most importantly a dedicated family man, residing in suburban Boston with his wife and two young sons.

New Fed Mortgage, based in Massachusetts has specialized in residential retail lending since 2001. Licensed in 11 states, the company is an approved Fannie Mae and Freddie Mac Seller Servicer Lender that offers a multitude of mortgage programs and products. New Fed Mortgage President, Brian D’Amico commented “We are extremely grateful to have such a dedicated and loyal employee with Michael Bornstein as part of our team who truly has a distinctive work ethic. He is a true professional that is respected by his peers”

Scotsman Guide Media Inc. publishes a residential edition and a commercial edition of Scotsman Guide, in addition to Scotsman Guide News, Loan Post, Scotsman Guide Community and other platforms at ScotsmanGuide.com. Each month, the magazines reach tens of thousands of subscribers nationwide. Scotsman Guide is the leading resource for mortgage originators and connects mortgage originators with wholesale and commercial lenders.

For more information, visit http://www.newfed.com or contact New Fed Mortgage at 781-241-1200.

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Sureify Adds Consulting Expertise of Former Life Insurance Executive


Most insurers know that they need to modernize and integrate distribution, but they really don’t have a direction,” Simms said. “I’m happy to work with Sureify clients to accelerate their digital D2C/agent-facing strategy using Sureify’s best-in-class platform.

Life insurers now have a faster, more cost-effective way to digitize distribution: with the right technology and strategic guidance from a resource that has successfully launched a D2C experience in-market.

Sureify, the leading digital platform for life and annuity insurance companies, has partnered with Craig Simms, former CMO of a niche life insurance company and now Principal of Forest Lake Consulting. Simms led his company from agent-only distribution to a modern multi-distribution platform. Using the Sureify Lifetime platform, Simms played a critical role in building, testing, and launching the first multi-product direct to consumer (D2C) online quote and apply experience in the U.S.

“Most insurers know that they need to modernize and integrate distribution, but they really don’t have a direction,” Simms said. “I’m happy to work with Sureify clients to accelerate their digital D2C/agent-facing strategy using Sureify’s best-in-class platform.”

The Sureify Lifetime platform is built for life and annuity insurers to acquire, service, and engage customers. Now Sureify customers can tap into Simms’s digital insurance expertise in these areas:

Life insurance distribution strategic planning

  • transforming customer engagement for digital age consumers
  • creating a D2C plan that can also support existing agent distribution
  • understanding and leveraging Sureify’s tools to satisfy A.M. Best’s new carrier innovation expectation

Implementation guidance for life and annuity companies that have engaged Sureify to bring products to market digitally

  • reducing time to market and costs
  • creating an initial D2C plan (targets, integration with current distribution, digital marketing strategy, branding, etc.)
  • assembling internal and external resources to build out the plan

“My team and I were in the trenches with Sureify,” Simms said. “I can help companies shorten the timeframe and the cost of deploying a direct-to-consumer or digital agent experience because I’ve been there. With Sureify’s Lifetime platform, I can help steer them away from the challenges they might face in building out the process.”

The typical Sureify Lifetime platform implementation takes three to six months.

“Time is money, and we’re glad that our customers can rely on Forest Lake Consulting to guide them through their transformation,” Sureify Senior Vice President Bryan Padgette said. “Skip the tedious RFP process and get a clear roadmap from an expert who’s done it before.”

About Sureify

Sureify’s mission is to modernize the life insurance and annuity industry by helping carriers acquire, service, and engage their customers with one enterprise platform: Lifetime. We enable omnichannel sales with LifetimeAcquire, a product that drives placement rates via quoting, e-application, automated underwriting, and new business transmission. With LifetimeService, insurers are offering their in-force customers comprehensive self-service portals and native applications. Lastly, the product that started it all, LifetimeEngage, fosters a lifelong relationship between carriers and their policyholders with multifaceted engagement programs and analytics, leading to greater lifetime value of each policyholder.

Learn more about http://www.sureify.com.

About Forest Lake Consulting

Forest Lake Consulting helps life insurance companies create direct-to-consumer and agent distribution in a contemporary, digital ecosystem. This ecosystem drives organizations forward and attracts new, younger customers while respecting the role of traditional distribution. With 30 years of life insurance distribution experience, Principal Craig Simms is known for his expertise in building the first multiproduct direct-to-consumer (D2C) online quote and apply in the U.S.

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TrueFire Studios Announces New CEO


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TrueFire Studios, an alliance of leading online music education companies, today announced that Owen Grover has been named Chief Executive Officer. With more than 20 years of experience leading digital, music and mobile platforms, Grover brings deep expertise to the newly formed alliance, which is focused on democratizing music education by providing affordable, anytime access to music education and video lessons presented by best-in-class artists.

“I’m thrilled to welcome Owen Grover to the family as CEO of TrueFire Studios,” says Brad Wendkos, founder of TrueFire. “Owen’s music background coupled with his impressive pedigree in digital music services, streaming platforms and podcasting make him ideal for steering TrueFire Studios and leveraging our music education brands.”

Grover most recently served as CEO of Pocket Casts, an acclaimed global podcasting platform. Prior, Grover spent more than a decade at iHeartMedia, where he was a founding member of iHeartRadio — an online radio, podcasting and music streaming service. Grover also helped to establish iHeartMedia’s Entertainment Enterprises division, where he developed events and programs including the iHeartRadio Music Festival and the iHeartRadio Music Awards.

“Today, more than ever, we have an extraordinary opportunity to instill a love of music learning, deliver the highest quality curriculum to students, and offer the artist community the tools they need to thrive,” said Grover, who will be based in TrueFire Studios’ NYC offices. “With TrueFire Studios’ patented learning technology platforms, a deep pool of legendary instructors and actively engaged learners, I couldn’t be more thrilled to join the team.”

In December of 2019, TrueFire and JamPlay partnered with Growth Catalyst Partners to join forces and unite their respective online video lesson libraries, mobile and desktop apps, and patented learning tools. As a result of the alliance, TrueFire Studios now provides more than 3 million music students with unparalleled resources for advancing their musical goals.

“With decades of experience growing audio and digital platforms, and his boundless passion for music, Owen’s appointment as CEO complements an already outstanding team,” said Scott Peters, Managing Partner of Growth Catalyst Partners. “Together, they will usher in a new chapter of growth by building the world’s preeminent destination for music students, while providing meaningful revenue share opportunities for artists and educators.”

In its most recent show of support for the music community, TrueFire Studios launched a variety of initiatives in response to the COVID-19 crisis, including a suite of self-publishing, revenue-generating platforms for artists; as well as a K-12 program providing 90 days of free access to its online lesson library for teachers and students affected by school disruptions.

About TrueFire Studios

TrueFire Studios is an alliance of the world’s leading online music education companies. We are passionate about democratizing music education by providing affordable, anytime, anywhere access to best-in-class artists and the most comprehensive music lesson library on the planet, across all major instrument categories. We provide exceptional revenue-share opportunities for educators while preserving artist-led music education for future generations. For more information, visit http://www.truefirestudios.com, http://www.truefire.com, http://www.jamplay.com.

About Growth Catalyst Partners

Growth Catalyst Partners is a middle-market private equity firm focused on information, marketing, and tech-enabled services businesses. GCP’s strategy involves targeting growth segments of industries and identifying market-leading companies with breakout potential. GCP partners with top executives within those industries and provides capital and expertise to the incumbent management teams of the targeted businesses. GCP was founded by veteran private equity investor Jim TenBroek and leading investment banker Scott Peters, who have led hundreds of transactions and successful investments in services businesses for over 20 years. For more information, visit http://www.growthcatalystpartners.com.

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Celebrity Venture Capitalists Named by VC News Daily


VC News Daily, one of the leading web sites for news on Venture Capital, is excited to announce the launch of its revamped Celebrity VCs feature: https://vcnewsdaily.com/Celebrity_VCs.php, which profiles the biggest celebrities investing in startups.

Celebrities of all types—actors, athletes, and singers—are grabbing the VC bull-by-the-horn, and investing in early stage companies. From Justin Timberlake to Snoop Dogg, Kevin Durant to Will Smith, celebrities are taking stakes in the hottest startups.

And some celebrities aren’t just stopping at the occasional investment. Celebrities such as Ashton Kutcher, Aaron Rodgers, and Joe Montana even have their own Venture Capital firms.

“As they build their brands across business and entertainment platforms, celebrities are finding a natural symbiosis with startups,” stated Editor, Mike Stern. “By enticing celebrity investors, startups gain instant cache and credibility. For their part, the celebrities obtain equity positions at prices typically reserved only for institutional investors.”

Household corporate names such as Uber, Airbnb, Spotify, WarbyParker, and Slack are just a handful of the companies that have tapped celebrities as investors.

About VC News Daily

VC News Daily is the #1 daily digest of Venture Capital financings, originally launched by Massinvestor in the Summer of 2011. Massinvestor https://massinvestor.com/ is the leading publisher of Venture Capital, Private Equity, and Family Office Databases https://familyofficedata.net/.

You can follow us on Twitter: https://twitter.com/VCNewsDaily

And follow us on Facebook: https://www.facebook.com/VentureCapitalFundings/

Our RSS feed can be found at: http://feeds.feedburner.com/vcnewsdaily

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New CEO to Lead Exploitation of Ministry of Defence Innovations


I am privileged to lead Ploughshare into the next stage of their evolution. I very much look forward to working with their fantastic team, Simon and the Board, and our partners including Dstl, AWE and MOD to make the world a better place.

Hetti Barkworth-Nanton joins Ploughshare from Vodafone where she led the transformation of the UK Enterprise Business. Hetti has spent the last 25 years in financial, transformation and commercial leadership roles across major blue chip organisations, often working with leading edge technologies. She is renowned for her highly creative, collaborative and engaging approach with teams and partners, and her skills are going to be crucial to lead Ploughshare into the next phase of its evolution.

On her appointment, Hetti commented:

“The work Ploughshare do is tremendously exciting. It has the potential to be fundamental to the future of UK plc and society as a whole, and drive both commercial value and broaden the use of innovations funded by taxpayers’ investment in science and technology.

“I am privileged to lead Ploughshare into the next stage of their evolution. I very much look forward to working with their fantastic team, Simon and the Board, and our partners including Dstl, AWE and MOD to make the world a better place.”

Ploughshare’s Chairman, Simon Devonshire OBE, on appointing Hetti remarked:

“From climate change to the growth of an ageing society; from obesity to the emergence of new diseases, we now live in an era that is unprecedented in its opportunity for science to deliver a positive impact for people and planet.

“I am delighted to announce the appointment of Hetti Barkworth-Nanton as CEO of Ploughshare. Hetti’s leadership of delivering transformational innovation for globally significant corporates such as British Airways, BT and Vodafone will be a huge asset to Ploughshare Innovation’s mission to commercialise innovation born in Government owned scientific laboratories such as Dstl.”

Hetti’s role is effective today and succeeds James Kirby who is retiring having led Ploughshare for the last six years.

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ValvTechnologies, Inc. Names David Birks Regional Sales Director, Middle East and Africa


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David Birks

ValvTechnologies, Inc., the global leader in the design and manufacturing of zero-leakage severe service isolation valve solutions is pleased to announce the appointment of David Birks as Regional Sales Director for the Middle East and Africa. Birks is responsible for leading ValvTechnologies’ business growth in these important strategic regions. He will be based in Dubai, United Arab Emirates.

With more than 20 years’ experience in the valve manufacturing industry, Birks brings extensive international sales and business management experience to ValvTechnologies. Most recently, he served as Vice President of Sales Project Pursuit for Emerson Valves, based in Dubai. Prior to that, Birks was the Vice President, Fisher Isolation Valves at Emerson Fisher. Birks has also previously held management positions at Tyco Valves and Controls, Saudi Electric Supply Company and Keystone Group.

“David has a proven track-record for uniting global teams to work together effectively,” said President Kevin Hunt. “Pair this with his depth of industry and regional knowledge, he is an exciting addition to our global executive team. I am confident that ValvTechnologies will be able to significantly extend its presence in the Middle East and Africa under David’s leadership.”

Birks holds a certificate in Mechanical Engineering and Fluid Dynamics from Sydney Technical College in Australia.

About ValvTechnologies

Founded in 1987 and headquartered in Houston, Texas, ValvTechnologies is the leading manufacturer of zero-leakage, high-performance isolation valve solutions providing an unsurpassed level of severe service isolation services and reliability to customers in the fossil power, nuclear generation, upstream oil and gas, downstream and chemical processing, mining and minerals, pulp and paper and other specialized industries.

Employing more than 400 people worldwide, ValvTechnologies has offices in Australia, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, India, Ireland, Japan, Kazakhstan, South Korea, Malaysia, Poland, Saudi Arabia, Singapore, Spain, Sri Lanka, Thailand, Turkey, United Arab Emirates, United Kingdom and United States.

In addition, ValvTechnologies partners with stocking distributors, independent representatives and authorized repair centers to service customers around the world.

To find out more about the products and services offered or to locate a representative, visit our website at http://www.valv.com. Connect with ValvTechnologies on YouTube, Instagram, Twitter, LinkedIn and Facebook.

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Darin Lyon appointed as Chief Executive Officer for Anderson & Vreeland


Howard Vreeland, Chairman, Darin Lyon, President & CEO, Joe Anderson, Vice President

Howard Vreeland, Chairman, Darin Lyon, President & CEO, Joe Anderson, Vice President

Darin Lyon has led by example for 25 years. This is a very earned moment for him and the entire Anderson & Vreeland family. I am excited to watch Darin continue to cement our status in North America.

Darin Lyon has been appointed Chief Executive Officer of Anderson & Vreeland, the industry-leading manufacturer and distributor of flexographic printing technology and supplies. Formerly President, Mr. Lyon has held various executive roles at the company since 2003. In this expanded role, Mr. Lyon will hold the title of President & CEO.

With this appointment, Darin will be expanding his leadership role to focus on core initiatives that will further build on the foundation that has positioned Anderson & Vreeland as the market leader in the Flexographic printing and packing industry.

This new position will allow Darin to focus more on his passion for employee growth & engagement within the organization to develop depth in leadership that align with the core mission of the organization.

“Darin Lyon has led by example for 25 years,” says Chairman Howard Vreeland. “This is a very earned moment for him and the entire Anderson & Vreeland family. I am excited to watch Darin continue to cement our status as the leading flexographic and packaging printing technology provider in North America.,” said Howard Vreeland, Chairman of Anderson & Vreeland Inc.

“I am humbled and honored to have been appointed Chief Executive Officer of Anderson & Vreeland. For more than 25 years, I have viewed it as a privilege to be part of an organization who delivers high-quality services and innovative solutions to our valued clients, said Mr. Lyon. We continuously strive to develop the most talented professionals into leaders and do our part to invest in philanthropic efforts surrounding the education of our industry, Flexographic Printing & Packaging. We are an organization who will always reflect authentic, purposeful leadership which will be inclusive of all in an environment where our employees and customers’ voices are heard.”

Please join the Anderson & Vreeland Inc. team in congratulating Darin’s appointment to this new position.

About Anderson & Vreeland, Inc.

Anderson & Vreeland provides flexographic printers with innovative solutions that are tailored to their specific application. We do this by identifying the most effective & advanced technologies in our portfolio, educating our customers on how these products will improve their bottom line, and seamlessly integrate these solutions into our client’s business. We are a privately held company with over 55 years’ experience providing unrivaled customer service to the flexographic printing industry.

Further information is available on the web at http://www.AndersonVreeland.com.

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Berkshire Hathaway HomeServices Hodnett Cooper Real Estate receives Round Table Award and 4th Quarter award for 2019 performance


Berkshire Hathaway HomeServices Hodnett Cooper Real Estate today announced its Brunswick office location is the recipient of the prestigious Berkshire Hathaway HomeServices Round Table Award for residential units in 2019 for the US South Region. In addition, the Brunswick office location was recognized for outstanding 4th quarter performance, placing first in the number of residential units sold in the region.

The Round Table Award honors the top three network member offices from each U.S. region, ranked among offices of similar size. Hodnett Cooper Real Estate was recognized during a special ceremony at Berkshire Hathaway HomeServices’ annual Sales Convention in Nashville earlier this month, where Missy Neu, Vice President of Development, accepted the award for the Brunswick office location.

“We are thrilled to have earned our spot as one of the top-producing network offices within our region. Our team works hard and are so committed to their clients. The credit for this achievement belongs to those dedicated agents in our Brunswick office location,” shared Pat Hodnett Cooper, owner and broker.

Berkshire Hathaway HomeServices Hodnett Cooper Real Estate, which is independently owned and operated, became a member of the Berkshire Hathaway HomeServices brokerage network, operated by HSF Affiliates LLC, in 2017. Since that time, the company and several of its Realtors have earned a host of honors and awards.

About Berkshire Hathaway HomeServices Hodnett Cooper Real Estate

Hodnett Cooper Real Estate is a family-owned and operated company with four offices throughout the Golden Isles offering a full range of real estate services including real estate sales, residential rentals, property management and commercial sales. The brokerage is the premier real estate company in southeast coastal Georgia with a professional and diverse team of agents. Visit http://www.BHHSHodnettCooper.com.

About Berkshire Hathaway HomeServices

Berkshire Hathaway HomeServices, based in Irvine, CA, is a brand-new real estate brokerage network built for a new era in residential real estate. The network, among the few organizations entrusted to use the world-renowned Berkshire Hathaway name, brings to the real estate market a definitive mark of trust, integrity, stability and longevity.

About HSF Affiliates LLC

Irvine, CA-based HSF Affiliates LLC operates Berkshire Hathaway HomeServices, Prudential Real Estate and Real Living Real Estate franchise networks. The company is a joint venture of which HomeServices of America, Inc., the nation’s second-largest, full-service residential brokerage firm, is a majority owner. HomeServices of America is an affiliate of world-renowned Berkshire Hathaway Inc.

Contact:

Catherine Maybank

(912) 638-5450

catherine@hcrega.com

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