Capstone Technologies Appoints Technology Veteran Vern Hanzlik to Board of Directors

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Capstone Technologies Group Inc (OTC: CATG) appoints technology veteran Vern Hanzlik to its Board of Directors. Hanzlik, with over 30 years of experience in technology and services, is a seasoned executive and Managing Director of V Ventures LLC, an investment firm focusing on SaaS development and cloud computing. He has served as CEO and President of Qumu, a SaaS-based enterprise video platform organization, and has been an investor in, and the President of, Sajan Software—a Translation Management System (TMS) platform for businesses to automate multilingual communications. Hanzlik's appointment is expected to bring valuable expertise to Capstone's strategic direction and potential growth.

CHARLOTTE, N.C., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Capstone Technologies Group Inc (OTC: CATG), a leading acquirer, operator and organic developer of disruptive technologies, today announced the appointment of technology veteran Vern Hanzlik to its Board of Directors. A seasoned executive, Hanzlik has served and currently serves as a strategic advisor, board member and investor for numerous software businesses, providing technology advisory services and business development guidance.

Hanzlik has over 30 years of experience in technology and services, with the most recent 25 being in the software development and Software as a Service (SaaS) markets. He is currently the Managing Director of V Ventures LLC, an investment firm holding positions in multiple startups, with focuses in SaaS development and cloud computing. Prior to V Ventures, Hanzlik served as CEO and President of Qumu, a SaaS-based enterprise video platform organization.

Previous to his role at Qumu Hanzlik was an investor in, and the President of, Sajan Software—a Translation Management System (TMS) platform for businesses to automate multilingual communications. Earlier in his career he also co-founded Stellent, an enterprise content management software company acquired by Oracle in 2006 for $440 million. Post-acquisition, Stellent became the basis of Oracle’s E2.0 Fusion Middleware offering. Prior to Stellent, Vern served in a variety of leadership roles across Product Development, Sales, Marketing and Executive Leadership.

“Capstone Technology Group has a great foundation of companies in our group for potential explosive growth. I’m looking forward to working with the team,” stated Vern Hanzlik.

Mike Pruitt, Chairman and CEO of Capstone, added, “I’m pleased to welcome Vern to our Board of Directors at an exciting time in our evolution. His expertise and experience in technology make him ideally suited to help steward Capstone forward.”

For more information, please visit the Capstone website at https://capstonetechgroup.com.

About Capstone Technologies Group

Capstone Technologies Group, Inc (CATG) seeks to acquire, operate and organically develop disruptive technologies across several sectors where they have expertise aided by a network of experts and advisors. Capstone Technologies Group also intends to invest through a wholly owned subsidiary Capstone Venture Partners, LLC alongside best-in-class investors or directly in proven founders building companies with technologies that will shape the future. The company initially acquired a minority interest in DrivenIQ  and has since invested additional capital now giving it a majority stake and our team is active in its operations.

Investor Relations Contact

Jason Assad
jwassad@bellsouth.net
678-570-6791 

FAQ

Who is Vern Hanzlik and what experience does he bring to Capstone Technologies Group Inc?

Vern Hanzlik is a technology veteran with over 30 years of experience in technology and services. He has served as CEO and President of Qumu, a SaaS-based enterprise video platform organization, and has been an investor in, and the President of, Sajan Software—a Translation Management System (TMS) platform for businesses to automate multilingual communications.

What is V Ventures LLC and what is its focus?

V Ventures LLC is an investment firm holding positions in multiple startups, with focuses in SaaS development and cloud computing.

What is the role of Vern Hanzlik at Capstone Technologies Group Inc?

Vern Hanzlik has been appointed to the Board of Directors at Capstone Technologies Group Inc, bringing his expertise and experience in technology to help steward Capstone forward.