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Protective Capital Structures Corp Seeks to Name New President

^{Published on 2009-10-30 11:00:26 - Market Wire}
 

WILMINGTON, DE--(Marketwire - October 30, 2009) - Protective Capital Structures Corp (PINKSHEETS: [ PCSO ]) seeks to name a new President to manage the day-to-day operations of the company.

The new President will be expected to run the finance company that operates as non-depository financial institution to arrange financing for its proprietary financial product, the BCLOC, for businesses that qualify based on the Company's criteria.

The Company seeks to provide funding by issuing bonds through its affiliated special purpose entity. Also, it has the ability to provide funding by issuing common or convertible preferred stock. Its subsidiary has a license to proprietary software, from an affiliated company. The software links to a financial guaranty instrument to build equity for borrowers.

The Company expects to have the new President on board early next year in 2010. The new president is also expected to recruit additional staff to support the day-to-day operations and business model.

The current president, G. Carol Johnson, has submitted her resignation, effective December 31, 2009.

About PCSO

The PCSO business model, which is implemented through its subsidiary, Independent Capital Credit Corporation, is to arrange financing for real property and commercial revenue producing assets and to provide a comprehensive range of solutions to the business market focused on earnings and operational excellence. For more information, visit: [ www.protectivecapitalstructurescorp.com ].

Safe Harbor

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the Company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the company, which include the ability of the company to implement its business plans and expand its business model, actual results may differ materially from the expectations expressed in the forward-looking statements.