TEN Holdings, Inc. Announces Appointment of New Chief Financial Officer
TEN Holdings (NASDAQ: XHLD), a provider of event planning, production, and broadcasting services, has appointed Virgilio D. Torres as its new Chief Financial Officer, effective June 30, 2025. Torres brings significant experience in corporate finance, mergers and acquisitions, and capital raising from both public and private companies.
Torres previously served as Vice President of Finance at Obsess Inc., where he led financial strategy and oversaw various transactions. His experience includes developing revenue recognition frameworks, managing accounting operations, and ensuring GAAP compliance. Prior to that, he held positions at Exactera LLC and spent over 5 years in investment banking.
CEO Randy Jones expressed confidence that Torres's expertise in accounting operations, corporate finance, and M&A will help strengthen the company's relationships with banking institutions and the investment community while supporting TEN Holdings' capital raising and acquisition efforts.
TEN Holdings (NASDAQ: XHLD), fornitore di servizi di pianificazione eventi, produzione e trasmissione, ha nominato Virgilio D. Torres come nuovo Chief Financial Officer, con effetto dal 30 giugno 2025. Torres porta con sé una vasta esperienza in finanza aziendale, fusioni e acquisizioni e raccolta di capitali sia in società pubbliche che private.
In precedenza, Torres ha ricoperto il ruolo di Vice President of Finance presso Obsess Inc., dove ha guidato la strategia finanziaria e supervisionato diverse operazioni. La sua esperienza comprende lo sviluppo di modelli per il riconoscimento dei ricavi, la gestione delle operazioni contabili e la garanzia della conformità ai principi GAAP. Prima di ciò, ha lavorato presso Exactera LLC e ha maturato oltre 5 anni di esperienza nell'investment banking.
Il CEO Randy Jones ha espresso fiducia nel fatto che l'esperienza di Torres nelle operazioni contabili, nella finanza aziendale e nelle fusioni e acquisizioni contribuirà a rafforzare i rapporti della società con istituti bancari e comunità degli investitori, supportando al contempo gli sforzi di TEN Holdings nella raccolta di capitali e acquisizioni.
TEN Holdings (NASDAQ: XHLD), proveedor de servicios de planificación de eventos, producción y transmisión, ha nombrado a Virgilio D. Torres como su nuevo Director Financiero, efectivo a partir del 30 de junio de 2025. Torres aporta una amplia experiencia en finanzas corporativas, fusiones y adquisiciones, y captación de capital tanto en empresas públicas como privadas.
Anteriormente, Torres se desempeñó como Vicepresidente de Finanzas en Obsess Inc., donde dirigió la estrategia financiera y supervisó diversas transacciones. Su experiencia incluye el desarrollo de marcos para el reconocimiento de ingresos, la gestión de operaciones contables y la garantía de cumplimiento con los principios GAAP. Antes de eso, trabajó en Exactera LLC y acumuló más de 5 años en banca de inversión.
El CEO Randy Jones expresó su confianza en que la experiencia de Torres en operaciones contables, finanzas corporativas y fusiones y adquisiciones ayudará a fortalecer las relaciones de la empresa con las instituciones bancarias y la comunidad inversora, apoyando además los esfuerzos de TEN Holdings en la captación de capital y adquisiciones.
TEN Holdings (NASDAQ: XHLD)는 이벤트 기획, 제작 및 방송 서비스를 제공하는 회사로, 버질리오 D. 토레스를 2025년 6월 30일부로 신임 최고재무책임자(CFO)로 임명했습니다. 토레스는 공공 및 민간 기업에서 기업 금융, 인수합병, 자본 조달 분야에서 풍부한 경험을 보유하고 있습니다.
토레스는 이전에 Obsess Inc.에서 재무 부사장으로 재직하며 재무 전략을 주도하고 다양한 거래를 감독했습니다. 그의 경험에는 수익 인식 프레임워크 개발, 회계 운영 관리, GAAP 준수 보장이 포함됩니다. 그 이전에는 Exactera LLC에서 근무했으며 투자은행에서 5년 이상 경력을 쌓았습니다.
CEO 랜디 존스는 토레스의 회계 운영, 기업 금융 및 인수합병 전문성이 은행 기관 및 투자자 커뮤니티와의 관계를 강화하고 TEN Holdings의 자본 조달 및 인수 노력을 지원하는 데 도움이 될 것이라고 확신했습니다.
TEN Holdings (NASDAQ : XHLD), fournisseur de services de planification d'événements, de production et de diffusion, a nommé Virgilio D. Torres nouveau directeur financier, à compter du 30 juin 2025. Torres apporte une expérience significative en finance d'entreprise, fusions et acquisitions, ainsi qu'en levée de capitaux, tant dans des entreprises publiques que privées.
Torres a précédemment occupé le poste de vice-président des finances chez Obsess Inc., où il a dirigé la stratégie financière et supervisé diverses transactions. Son expérience inclut le développement de cadres de reconnaissance des revenus, la gestion des opérations comptables et l'assurance de la conformité aux normes GAAP. Avant cela, il a travaillé chez Exactera LLC et a passé plus de cinq ans en banque d'investissement.
Le PDG Randy Jones a exprimé sa confiance dans le fait que l'expertise de Torres en opérations comptables, finance d'entreprise et fusions-acquisitions aidera à renforcer les relations de l'entreprise avec les institutions bancaires et la communauté des investisseurs, tout en soutenant les efforts de TEN Holdings en matière de levée de capitaux et d'acquisitions.
TEN Holdings (NASDAQ: XHLD), ein Anbieter von Eventplanung, Produktion und Rundfunkdienstleistungen, hat Virgilio D. Torres zum neuen Chief Financial Officer ernannt, wirksam ab dem 30. Juni 2025. Torres bringt umfangreiche Erfahrung in den Bereichen Unternehmensfinanzierung, Fusionen und Übernahmen sowie Kapitalbeschaffung bei öffentlichen und privaten Unternehmen mit.
Torres war zuvor Vice President of Finance bei Obsess Inc., wo er die Finanzstrategie leitete und verschiedene Transaktionen überwachte. Zu seiner Erfahrung gehören die Entwicklung von Erlöserfassungsrahmen, die Verwaltung von Buchhaltungsabläufen und die Sicherstellung der Einhaltung von GAAP. Davor war er bei Exactera LLC tätig und sammelte über 5 Jahre Erfahrung im Investmentbanking.
CEO Randy Jones zeigte sich zuversichtlich, dass Torres’ Expertise in Buchhaltungsabläufen, Unternehmensfinanzierung und M&A dazu beitragen wird, die Beziehungen des Unternehmens zu Banken und der Investorencommunity zu stärken und gleichzeitig die Kapitalbeschaffung und Akquisitionsbemühungen von TEN Holdings zu unterstützen.
- Appointment of experienced CFO with strong background in M&A and capital raising
- New CFO brings public company financial operations experience
- Addition strengthens company's ability to execute future acquisitions and capital raising
- New CFO has successful track record in managing complex financial transactions
- None.
Mr. Torres is an accomplished corporate finance professional with experience leading organizations through mergers and acquisitions, capital raises, and the execution of complex financial strategies. He has managed financial operations across both public and private companies. Most recently, he served as Vice President of Finance at Obsess Inc., where he led the company's financial strategy and oversaw various transactions, including debt financing and a successful acquisition by a strategic buyer. Among other things, Mr. Torres, developed Obsess Inc.'s revenue recognition framework and financial models, launched an internal accounts payable system, and drafted the company's accounting memos. In addition, he oversaw all accounting functions to ensure compliance with GAAP and external audit standards, leading the organization through multiple independent audits.
Before joining Obsess Inc., Mr. Torres served as Senior Manager of Corporate Finance and Strategy at Exactera LLC, where he was responsible for managing the merger and acquisition pipeline and capital raising efforts. He also developed and managed the organization's annual budget and quarterly forecasts. Prior to his work in corporate finance, Mr. Torres spent over 5 years in investment banking where he originated, structured and executed complex transactions, including high yield and investment grade bonds to facilitate M&A, corporate development, dividend recapitalization, and refinancings.
"We are pleased to announce the appointment of Mr. Torres to Chief Financial Officer of our Company and I am confident that his background and experience in accounting operations, corporate finance, capital raising, and mergers and acquisitions will give us the knowledge and skillset that will assist our Company in building a solid relationship and reputation with banking institutions and the investment community," commented Randy Jones, Chief Executive Officer of TEN Holdings, Inc. "As we continue to execute on our company strategy, I am confident that we have found a qualified individual that can help us build a financial foundation and assist with our capital raising and future acquisition efforts to enhance our value and make well-informed financial and operations decisions to drive shareholder wealth."
"I am very excited about the opportunity to join TEN Holdings, Inc. as the new Chief Financial Officer. I look forward to working with the rest of the management team to build upon the success of the Company and to utilize my skills and background in capital raising, financial operations, and mergers and acquisitions, to successfully execute on the business and financial strategy of the organization," stated Virgilio D. Torres, Chief Financial Officer.
Mr. Torres graduated from Pace University in
About TEN Holdings, Inc.
The Company is a provider of event planning, production, and broadcasting services headquartered in Pennsylvania. The Company mainly produces virtual and hybrid events and physical events. Virtual and hybrid events involve virtual and hybrid event planning, production and broadcasting services, and continuing education services, all of which are supported by the Company's proprietary Xyvid Pro Platform. Physical events mainly involve live streaming and video recording of physical events. To learn more, visit www.tenholdingsinc.com.
FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors discussed in the "Risk Factors" section of the Company's registration statement filed with the
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Investor Relations Contact:
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Email: hello@tenholdingsinc.com
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SOURCE TEN Holdings, Inc.
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