The CEO of Cornwallis Mackenzie Business Development Inc. (“Cornwallis Mackenzie”) announces that Dr. Brian Penney of Halifax Nova Scotia has been employed as a consultant to the corporation.
Mr. Langan said “it's a pleasure for me to welcome Dr Penney to Cornwallis Mackenzie as she brings with him a wealth of experience and connections in Atlantic Canada which will benefit the corporation both now and into the future”.
About Dr, Brian Penney
Dr. Penney has more than 15 years advising emerging growth companies. He possesses a thorough knowledge of what it takes to raise capital as both an investor and investee from pre-seed stages all the way through to selling successful start-ups or taking them public. Dr. Penney has been an angel investor (in over 50 companies), business founder and owner, CEO of several companies, an executive in medium and large corporations, member of several investment boards, chairman of several public and private companies, member of several academic boards, and an accomplished seeker of investment capital.
Prior to founding the NSBLF, Dr. Penney was appointed as CEO of three “turnaround”
Dr. Penney was Chairman of Skystone Systems Inc in Ottawa that was acquired in late 1997 by Cisco Systems for $89M (US). He also was appointed Chairman of SiGEM Inc. in 1998 when it was still raising money each month to meet payroll. Within 18 months it had raised $20M of investment, was on the Toronto Stock Exchange and had a market capitalization of $160M. SiGEM developed and sold chips and systems related to GPS.
Dr. Penney was also the founding CEO of TARA in Halifax and attracted over $10M of investment support from major telecom companies, and from federal and provincial governments. Dr. Penney holds a PhD in Physics and is licensed as a professional engineer (P.Eng.) in Nova Scotia. He is also licensed as a commercial pilot.
About Cornwallis Mackenzie
Cornwallis MacKenzie Business Development Inc. is a privately held, federally incorporated company, registered in Nova Scotia carrying out an array of business development and project operation services to a wide range of SME's. The company has been trading since June 6th 2005 and has aided start-ups and emerging businesses in a wide range of sectors including: information & communication technologies (ICT); transportation;
By being fluent in British, European and North American business practice Cornwallis Mackenzie is ideally placed to assist those in transatlantic finance and even those who are looking to expand from one continent to the next.
Our dedicated management team and partners have a range of business services ranging from business/marketing plan generation to operational structuring and internal seed funding to coordinating complex funding from the full range of public grants and matched funding. Cornwallis MacKenzie is a non-sector specific company which enables us to bring our strengths to bare on many business sectors.
Cornwallis MacKenzie offers our services to existing businesses with proven products and services as well as new start-ups with the potential to expand their sphere of operations both within North America and internationally to the UK who also have the management commitment and financial capability to realize expansion plans. We work as a corporate extension of each clients senior management team to access extended national and / or foreign markets and investment opportunities, to leverage their core business activities and to set the stage for their expansion.
Cornwallis MacKenzie's experience includes attracting seed capital directly from ourselves or through third parties; locating and utilizing government grants and matched funding and financing from financial institutions to ensure the successful implementation of development plans both at home and abroad.
We bring together experience ranging from business management (C-Level); independent and operational directorship experience as well as a range of sector specific experience to bare on clients operations.
