| |
News
Philadelphia, PA,
April 5, 2006 – Jaguar Acquisition Corporation
announced today that it has completed its [$24] million initial
public offering. EarlyBirdCapital, Inc., a boutique investment
bank that has developed an expertise in Specified Purpose Acquisition
Companies (SPACs™), a new concept they pioneered and developed
that involves publicly-traded, industry-specific acquisition funds,
served as lead underwriter.
Jaguar Acquisition Corporation (NASDAQ:
JGACU.OB), a publicly-traded acquisition corporation, is focused
on making investments in privately held companies involved in
the payments aspect of the financial services industry.
The payments industry encompasses the various
mechanisms that consumers and businesses use to purchase and/or
finance goods or services, pay bills and access and transfer funds.
These payment mechanisms include credit cards, debit cards, ATMs,
cash, checks, stored value cards, electronic bill payments and
other existing and emerging forms of payments. These payment mechanisms
are often enabled by a complex web of payment devices, financial
accounts, data networks, processing platforms, clearinghouses
and banking and other relationships that link banks, card issuers,
merchants, billers, non-bank financial institutions, corporations,
government agencies, technology companies and specialized payments
providers.
While focusing predominantly on the payments
industry, Jaguar Acquisition Corporation is not limited to a particular
industry.
The management team at Jaguar has significant
operating and investing experience in a wide variety of industries,
including a specific emphasis on the payments industry. Jonathan
Kalman, Chairman and CEO of Jaguar Acquisition Corporation, has
served as Chairman and CEO of Katalyst LLC, a cross-border investment
banking and advisory firm, he founded, and is Managing Partner
of Jaguar Capital Partners, a private equity firm focused on investments
in the payments industry. Mr. Kalman’s prior experience
Managing Director of Naviant Technology Solutions, a consumer
profile and e-marketing company acquired by Equifax Inc., and
over ten years at IBM where he worked with clients in the payments
industry.
EVP and CFO, James Cassano, is a three-time
CEO with broad experience in managing growth businesses as well
as turnaround situations. He has in-depth, hands-on skills in
finance, corporate development, acquisitions, divestitures, negotiating
strategic alliances, business restructuring, adapting business
models to new business realities in the US, the UK and Europe.
Mr. Cassano founded and served as CEO of New Forum Publishers,
Inc., an Internet educational content producer that developed
and published standards-based curriculum software for middle schools
and high schools. He sold the company to Apex Learning, Inc. of
Seattle, now controlled by Warburg-Pincus where he serves as a
member of the Board of Directors of the combined companies. Mr.
Cassano co-founded and became Chairman and CEO of an electronic
entertainment transaction company focusing on providing ticketing
and other transaction services to the arts and entertainment.
He obtained venture capital to launch the company and it went
public in 1999 as Tickets.com.
C. Richard Corl, EVP, has been a leader
in the electronic payments industry for over 25 years. Mr. Corl
co-established the TeleCheck Services network, today the industry
leader in check acceptance and a division of First Data Corporation.
He sold this business to a NYSE company in 1983 and thereafter
held senior executive positions until 1992. Mr. Corl co-founded
Princeton eCom Corporation, a leader in the electronic bill payment
industry, acquiring key customers such as Discover Card, Sears,
Well Fargo Bank and J.P. Morgan Chase. Princeton eCom was acquired
by Online Resources in 2006. In addition, Mr. Corl was President
of PayQuik, which operates a global, fully compliant, secure,
cost-effective, scalable, white label transaction processing platform
for the world's money transfer industry, and formerly was a director
of eCount.
This press release shall not constitute
an offer to sell or a solicitation of an offer to buy, nor shall
there be any sale of these securities in any state or jurisdiction
in which an offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of
any such state or jurisdiction. The offering may be made only
by means of a prospectus, copies of which may be obtained, when
available, from Jaguar Acquisition Corporation, 1200 River Road,
Suite 1302, Conshohocken, PA 19428.
This press release may contain certain
forward-looking statements including statements with regard to
the future performance of the Company. Words such as “believes,”
“expects,” “projects,” and “future”
or similar expressions are intended to identify forward-looking
statements. These forward-looking statements inherently involve
certain risks and uncertainties that are detailed in the Company’s
Prospectus and other filings with the Securities and Exchange
Commission. The Company undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result
of new information, future events or otherwise. |
|