PITTSBURGH, PA--(Marketwired - January 12, 2015) - Cardinal Resources, Inc. (CDNL) is pleased to announce that Donald Danks has agreed to join its Board of Directors adding critical expertise in the funding and growth of emerging companies to the Company.
Mr. Danks, 57, has spent his entire career creating, developing, funding, managing and growing start up and early stage companies. He was the founder and held various management positions, including Chairman and CEO of Advantage Life Products, a NASDAQ small cap company, from 1986 through 1994. From 1995 through 1998, Mr. Danks was the co-founder and President of Prosoft Training.com, also a NASDAQ listed company involved in Internet technology training, education and certification. From 2001 through 2009, Mr. Danks was the co-founder and served as the Chief Executive Officer of iMergent, Inc., an ecommerce software company listed on the AMEX. During his time at iMergent, Mr. Danks helped build revenues from less than $10 million to more than $185 million and grew the company's market capitalization from under $3 million to over $400 million.
Between 1998 and 2001 Mr. Danks was involved in the creation, funding and business development of several early-stage companies including co-founding Auxilio, Inc., a successful, rapidly growing company in the managed print services business for the health care industry with current revenues in excess of $45 million. In 1998, Mr. Danks was also co-managed the recruitment of senior management and the restructuring and funding of Headwaters, Inc., now a NYSE company with a market value of over $900 million.
Since 2010, Mr. Danks has been a managing partner of Touchstone Advisors in Los Angeles, a firm focused on assisting early stage companies in all facets of development including assisting in the development of their business plans, facilitating in the recruitment of senior management and boards of directors, helping move the companies into the public markets via reverse takeover), prepare them for up listing to a major exchange, supporting the development of the public market for their securities by building substantial institutional ownership in their stock, gaining sell side research and helping with ongoing corporate finance needs.
Kevin Jones, Chief Executive Officer of Cardinal Resources, said, "Adding strength and depth to our Board of Directors is a key step in growing the Company in 2015. To meet the Company's mission of Clean Water Clean Environment Worldwide we need to constantly improve the business. Adding experienced professionals to the Board is one step in that process."