Appointment of Independent Board of Directors is a First Step Towards Up-Listing to NASDAQ 2021
Michael Cascione, Sr.
Michael Cascione, Sr., President of CC Vending, Inc.
David Natan, Financial Consultant
ISLAND PARK, N.Y., Feb. 25, 2021 (GLOBE NEWSWIRE) — Global Diversified Marketing Group Inc. (OTC: GDMK) has begun working towards an intended up-listing of the company stock to the NASDAQ market system at some point in 2021. In preparation for meeting the higher requirements and standards of NASDAQ, Global Diversified Marketing Group is now assembling the pieces which will be needed, the first of which is an Independent Board of Directors. At this time, GDMK management is pleased to announce the following new Board Members have been added, all of whom are professionally qualified to assist the company in its business growth and fulfill the NASDAQ listing requirements.
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Beginning his career with Procter & Gamble and PepsiCo, Mr. Donegan offers a 30 plus-year track record of accomplishment as a Sales and Marketing executive in the food industry. As VP of Sales and Marketing at Denver-based VICORP Restaurants, Mr. Donegan pioneered a new division, building a $20M business in 4 years. Additional roles have included as Senior VP Sales and Marketing at Phoenix-based Café Valley Bakery, Northeast Sales Manager at Ragu Foods/Unilever and National Sales Manager at New Jersey-based McCain Ellio’s Pizza Company. He also served as VP Sales and Marketing for Cereform USA, a food ingredient company that was based in Denver.
Michael Cascione, Sr., President of CC Vending, Inc.
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Michael Cascione, Sr. (“Mike”) is the founder and president of Group C, whose various companies provide Pantry, Micro Markets, Coffee and Vending services.
Mike’s original startup, CC Vending (CCV), began in 1989 was with a single beverage machine. CCV has subsequently grown into one of the largest vending companies on the East Coast, servicing over 15,000 machines, while managing the operations of several other companies throughout four states.
Mike credits his early embrace and investment in technology as one of the keys to his and the company’s success. CCV currently develops new technology for Micro-Markets and creates healthy products for the K-12 market, where it services the nation’s largest public school system, the NYC Department of Education. In addition, Group C’s Metropolitan Coffee House roasts and packages its own coffee for OCS accounts throughout the tri-state area.
Mike continues to guide Group C’s expansion in both technology and geography; committing resources to R&D, as well corporate acquisition. He is a lifelong advocate for innovation in the vending industry and continues to fulfill his goal of establishing its leading technology firm.
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Has had an over 40 year career in many aspects of retail, including buying, selling and design. She spent 24 years at Frugal Fannie’s Fashion Warehouse. As a buyer, merchandise manager and vice president she was responsible for all merchandise. She also managed two private label programs, one domestic and one import.
She has spent 17 years as a buyer for TJX Corporation buying for Marshalls and TJMaxx. She was responsible for buying ladies outwear, ladies activewear, swimwear and multiple categories in the shelf stable food area.
Ms. Williams is a consultant to a New York City sportswear and dress manufacturer. She is responsible for working with the designers and creating 6 new collection a year. She also volunteers to mentor college students in the fashion program at a Framingham State University. She helps students interviewing, networking, capstone projects and class presentations.
David Natan, Financial Consultant
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David Natan is a 1975 graduate of Boston University where he majored in accounting and economics. In 1975, Mr. Natan was elected to Economics National Honor Society. Mr. Natan has public and private company experience, as well as Big Four accounting experience at Deloitte Touche. During his career he has served as Chief Financial Officer for five listed public companies. Since December 2007, he has been President and CEO of Natan & Associates, a consulting firm offering interim CFO services to numerous public and private companies, in a variety of industries.
Mr. Natan has extensive C level experience in the areas of distribution, manufacturing, retailing, emerging technologies, pharmaceuticals, SEC compliance, treasury, corporate finance, tax and operations, both domestically and internationally. During his career he has participated in over 25+ merger and acquisition transactions, and, has participated in the raising of over $400M in debt and equity financing on favorable terms.
Paul Adler, CEO of Global Diversified Marketing Group, commented, “I enthusiastically welcome the new members of our Independent Board of Directors. I am sure they will all make great contributions and also help us achieve our objective of NASDAQ up-listing. The potential NASDAQ listing will reflect the continued sales growth and consumer market penetration that is resulting from strong success of the company’s premium snack foods lines across multiple market sectors. An up-listing to NASDAQ for GDMK will increase awareness of the company within the financial investment community and among institutional investors as well as elevate the company’s overall profile.”
About Global Diversified Marketing Group
Headquartered in Island Park, NY – Global Diversified Marketing Group Inc operates as a global multi-line consumer packaged goods (“CPG”) company with branded product lines and is a food and snack manufacturer, importer and distributor in the United States, Canada, and Europe. The Company operates in the snacks market segment and offers Italian Wafers, Italian filled Croissants, French Madeleines, Wafer Pralines, shelf-stable Macarons, and other gourmet snacks. The company sells its products directly through various distribution channels comprising specialty, grocery retailers, food-service distributors, direct store delivery (“DSD”) as well as the vending, pantry, and the micro-market segment.
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Global Diversified Marketing Group Inc
Paul Adler, Chairman, President & CEO