CARLSBAD, Calif. Shrink Nanotechnologies, Inc. (“Shrink”) an innovative nanotechnology company developing products and licensing opportunities in the solar energy production, medical diagnostic and sensors and biotechnology research and development tools businesses, announced today that its Board of Directors has established an Audit Committee and appointed Victor A. Hollander, CPA as its chairman. Mr. Hollander will be joined on the Shrink Audit Committee by Marshall Khine, also a member of the Shrink Board of Directors. The addition of Mr. Hollander brings the total number of Shrink Board of Directors members to 5.
With nearly 50 years of experience working with privately-held and public SEC reporting companies on a global basis, Mr. Hollander has served on various securities, ethics, accounting and auditing committees. He is currently Director and Audit Committee Chairman of Micro Imaging Technology, Inc. of Laguna Hills, CA, and Director of Fuqi International, Inc. of Shenzhen, Guangdong, China. Mr. Hollander is licensed to practice public accounting in the State of California since 1958.
“The goal of our independent Audit Committee is to provide high quality consistent transparency to the financial community as we execute on our core businesses,” said Mark L. Baum, CEO of Shrink Nanotechnologies, Inc. Baum added, “Coupled with our Code of Ethics which has been in place since 2006, our Audit Committee led by Mr. Hollander will ensure Shrink adopts the best practices of corporate governance. We also will look to his guidance in selecting additional independent members to join our Audit Committee, which we expect to announce in the near future.”
Mr. Hollander began his career at Joseph S. Herbert & Co., a prominent New York accounting firm in 1954. He went on to establish and serve as partner of the Los Angeles office of New York-based accounting firm Brout & Company. In 1978, he co-founded Hollander, Gilbert & Co, specializing in capital raises and merger and acquisitions. In 2002, Mr. Hollander joined Weinberg & Company as Managing Director of its West Coast Group. He retired from the firm in January 2007 and currently performs SEC consulting services. Mr. Hollander received a BA in Accounting from the California State University, Los Angeles.
