For those of you who have been wondering why I haven't been blogging and why I have been impossible to get on the phone lately, please note the following announcement by The Legal Broadcast Network regarding our funding, expansion and new CEO. As my readers are aware, LBN has been my minor obsession for the last three years and to see it reach this next step is exceptionally gratifying. As both the host of The Settlement Channel, President of Wahlstrom & Associates and now Chairman of The Legal Broadcast Network I have a full plate, but the expansion of the management team at LBN is going to allow me more time to start blogging and writing again.Be watching your in box and this page to keep up with what is going to be a major expansion of channels, services and shows.
THE LEGAL BROADCAST NETWORK NAMES TIM BUTLER CHIEF EXECUTIVE OFFICER and ANNOUNCES FINANCING FROM VENTURE GROUP LED BY MILLER CAPITAL CORPORATION PHOENIX, ARIZONA, June 19, 2008 – The Legal Broadcast Network (LBN) – an internet media company designed to leverage the powerful broadcasting medium of the internet to reach a very specific, high value audience of trial lawyers and other legal professionals announced today that Tim Butler, a seasoned executive with 20+ years experience in fostering the growth of emerging growth companies, has been named its President and Chief Executive Officer.
As President of LBN, Mr. Butler will be responsible for overall operations and the implementation of related strategies associated with the growth plans for the company. Mr. Butler most recently served as Executive Vice President and Chief Operating Officer for DBL Distributing, a large private company with sales of nearly $300 million with approximately 350 employees. DBL, one of the nation’s top distributors of consumer electronics accessories and related products, was sold to Ingram Micro in 2007. Mr. Butler was formerly Vice President of Finance and Administration for the training division of Platinum Technology that was acquired in 1999 by Computer Associates for $3.5 billion, which at the time was the largest software acquisition in history. Mr. Butler holds a degree in Business from North Adams State College and has a Masters degree in Accounting from the University of Massachusetts Amherst. “We are extremely pleased to have Tim Butler join the LBN team as Chief Executive Officer and President. To attract a person with his experience and track record to help guide the company’s growth from its current successful platform is a major milestone for LBN,” Mark Wahlstrom, chairman of Legal Broadcast Network said.
“And, having The Miller Group as our financial advisor and now an equity owner confirms our belief in the relationship we are building with them.” Tim Butler, ( Pictured below) chief executive officer and president commented, “My past experience is centered in the development of a number of growth oriented technology related companies utilizing my business and financial skill sets. The tremendous opportunity for growth in LBN’s technology and specialized internet media content was a major part of my decision to accept this position. As an LBN executive who was able to participate in the venture capital round of financing for the company, I am excited to be an integral part of building our team and contributing to LBN’s goal to be an industry leader.”
Rudy R. Miller, chairman of Miller Capital Corporation, Scottsdale-based venture capital and financial services firm stated, “Our firm was lead investor regarding the first round of venture equity investment, and Miller Capital Markets, LLC our affiliate FINRA investment banking firm, acted as placement agent for the balance of funding provided to LBN for its next stage growth plan. We have invested in and represented a number of media companies over the years, including JACOR Communications, REGENT Communications, Bowlin Outdoor Advertising and publishers of the Ritz Carlton magazine, as well as being the majority investor in a syndicated television/cable business show – “Wall Street Awareness Network” and numerous other public and private companies. Our firm is pleased to assist LBN in what we consider its excellent opportunities for growth and look forward to advising the company as a meaningful equity holder.”
About The Miller Group The Miller Group, headquartered in Scottsdale, is comprised of several affiliate companies including Miller Capital Corporation (MCC), which offers a broad spectrum of financial advisory and related services to both public and private middle-market companies located throughout the United States. MCC provides services in venture capital and private equity investing, management consulting and business valuations. Miller Capital Markets, a FINRA member firm, is a boutique investment bank that handles merger and acquisition transactions, private placement of equity and debt, and public market advisory services. Miller Investments, Inc. and Miller Management Corporation are also a part of The Miller Group of affiliated companies. A select group of past and present Miller clients include: America West Airlines, Inc., USAir Express, Capital Title Group, Inc., Global Entertainment Corporation, McMurry, Inc., REGENT Communications, Ritz Carlton magazine, Four Rivers Broadcasting, JACOR Communications and ALTA Broadcasting. Visit: www.themillergroup.net
About Legal Broadcast Network The Legal Broadcast Network provides 24/7 access for lawyers, paralegals, law schools, trial lawyer associations and others to draw on the expertise, knowledge and resources of professionals that have been successful in fighting for plaintiffs’ rights by utilizing the power of blogging, video and audio podcasting through the company’s state-of-the-art production studio located in Phoenix, Arizona. The company’s podcasts provide fresh, provocative commentary for lawyers of all areas of practice or specialty with interests in protecting access to the courts for all citizens. With the creation of a low cost but incredibly powerful broadcast medium, LBN makes it possible for the legal community and others to share their expertise, knowledge and resources with other like minded professionals on a national basis. Advocates who struggled to be heard, published or viewed in the past can now partner with LBN studios to create commentary, videoblogs, podcasts and other digital media. LBN has created an open platform to those who are fighting for justice. Visit: www.legalbroadcastnetwork.com