MBG Holdings Appoints David LaBree as Chief Technology Officer for AMR Resources Subsidiary

Rhea-AI Summary

MBG Holdings, Inc (OTC Pink: MBGH) has appointed David LaBree as Chief Technology Officer (CTO) of its AMR Resources subsidiary, effective immediately. LaBree brings 40 years of extensive telecom network experience and a proven track record in planning and engineering large-scale telecommunications systems. CEO James Frinzi emphasized LaBree's expertise is crucial as AMR develops new products and navigates the transition to 5G technology. AMR Resources specializes in various telecommunications services, aiming to enhance growth and innovation under LaBree's leadership.

Positive

• David LaBree's appointment as CTO could accelerate AMR Resources' innovation and growth.
• LaBree's 40 years of experience in telecom positions the company favorably for new 5G developments.

Negative

• None.

LaBree is a Performance Driven Professional with Vast Telecom Network Experience Further Promoting Growth Areas Like Amply-5 Private Networks

AUSTIN, TX, April 05, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – MBG Holdings, Inc (OTC Pink: MBGH), holding company of Onepath Systems, LLC and AMR Resources, LLC, a leading telecommunications lifecycle company, today announced that the Company has appointed David LaBree as Chief Technology Officer (CTO) for the Company’s AMR Resources subsidiary, effective immediately. AMR Resources, LLC specializes in planning and engineering for large-scale telecommunications systems and networks.

Chairman and CEO of MBG Holdings, Inc., James Frinzi, commented, “As the telecom world transitions to 5G, AMR has a number of new products and agreements in development, and we need a CTO with David LaBree’s deep knowledge and expertise. He is a proven leader with extensive technical experience and as a CTO, and MBG Holdings looks forward to his contributions to AMR Resources’ growth and innovation.”

David LaBree is a performance driven professional with 40 years of telecom network experience and a successful track record of achievement. He has been recognized for using his foundation of business analysis and systems development in formulating simple, innovative, cost-effective solutions to complex technological problems and acknowledged for his proficiency in all forms of telecom network development from conceptual design through implementation. During his career, Mr. LaBree has successfully built departments and businesses to provide professional services to a top-tier list of telcos, Cable TV MSOs ISPs, WISPs, Municipalities, Utility Companies, and corporate clients such as Accordant Communications, LLC and Frontier Communications.

About MBG Holdings

MBG Holdings, Inc is the holding company of Onepath Systems, LLC and AMR Resources, LLC, a leading telecom and network lifecycle company offering solutions for the complete IT and network lifecycle from deployment to decommissioning. The company is backed by logistics, field enterprise service systems, and a global technician base. AMR Resources, LLC specializes in large-scale telecommunications, system/network planning and engineering, fire and life safety systems, low voltage cabling, electronic security, audiovisual installation services, electronic waste recycling, and data destruction. The company’s clients include companies in technology, communications, health care, sports entertainment, and government.

Forward Looking Statements

This Press Release contains certain “forward-looking statements” as such term is defined in the Exchange Act. These statements reflect our current expectations regarding our possible future results of operations, performance, and achievements. Wherever possible, the Company has tried to identify these forward-looking statements by using words such as “anticipate,” “believe,” “estimate,” “expect,” “plan,” “intend,” and similar expressions. These statements reflect our current beliefs and are based on information currently available to us. Accordingly, these statements are subject to certain risks, uncertainties, and contingencies, which could cause our actual results, performance, or achievements to differ materially from those expressed in, or implied by, such statements. Further, the safe harbor provisions of the Exchange Act may not apply to an issuer that issues penny stock. These statements speak only as of the date of this Press Release. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors. The Company does not assume any obligation to update any forward-looking statements to reflect events or circumstances after the date of this Press Release except as required by federal applicable law.

Contacts:
Mike McClure
MBG Holdings
(512) 360-0459
mike.mcclure@multibandglobal.com

Stephanie Prince
PCG Advisory
(646) 863-6341
sprince@pcgadvisory.com

FAQ

Who was appointed as Chief Technology Officer of MBG Holdings?

David LaBree has been appointed as Chief Technology Officer of MBG Holdings' AMR Resources subsidiary.

What is David LaBree's experience in telecommunications?

David LaBree has 40 years of experience in the telecom industry, specializing in network planning and engineering.

What impact will David LaBree's appointment have on AMR Resources?

LaBree's leadership is expected to enhance AMR Resources' growth and innovation, particularly in the transition to 5G.

What services does AMR Resources provide?

AMR Resources specializes in large-scale telecommunications planning, engineering, and various IT lifecycle services.

What are the expectations for AMR Resources under new CTO David LaBree?

The expectations are for AMR Resources to innovate and develop new products in response to the telecom industry's shift to 5G.