Western Capital Resources, Inc. Announces Board Changes
June 20, 2018 at 01:32 pm
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On June 14, 2018, Mr. Jonathan Tipton, director on the Board of Directors of Western Capital Resources, Inc., resigned his position on the Board effective immediately. On June 14, 2018, Mr. Ellery Roberts, a current director on the Board, was considered appointed to the Board at the direction of BC Alpha Holdings I (“BC Alpha”), pursuant to certain director-appointment rights earlier granted to BC Alpha. Such appointment occurred in conjunction with Mr. Roberts accepting a position as a Managing Director with Blackstreet Capital Management, LLC (“Blackstreet Capital”), an affiliate of BC Alpha. As a result of Mr. Roberts’ service for Blackstreet Capital and appointment by BC Alpha, he is no longer “independent” for the purpose of serving on the audit committee and compensation committee of the Board.
Western Capital Resources, Inc. is a holding company. The Company's segments are Cellular Retail, Direct to Consumer, Manufacturing and Consumer Finance. The Cellular Retail segment consists of an authorized Cricket Wireless dealer and involves the retail sale of cellular phones and accessories to consumers through its subsidiary PQH Wireless, Inc. and its subsidiaries. The Direct to Consumer segment consists of an online and direct marketing retailer and distributor of live plants, seeds, holiday gifts and garden accessories under the Jackson & Perkins, Park Seed and Wayside Gardens brands, and home improvement and restoration products operating under the Van Dyke's Restorers brand. The Manufacturing segment consists of Swisher Acquisition, Inc., a manufacturer of lawn and garden power equipment and emergency safety shelters. The Consumer Finance segment consists of retail financial services conducted through its subsidiaries, Wyoming Financial Lenders, Inc. and Express Pawn, Inc.
WESTERN CAPITAL RESOURCES, INC. 
