PINE BROOK, N.J., July 30, 2015 /PRNewswire/ -- Paydunk, LLC
is pleased to announce the addition of Michael J. Losch to its team. Mike will serve as
the company's Chief Financial Officer bringing over thirty years of
professional business experience to Paydunk's executive team.
Mike's leadership and finance experience will support Paydunk's
aggressive growth strategy over the next 12 months.
Photo - http://photos.prnewswire.com/prnh/20150729/249401
Mr. Losch has served as Chief Financial Officer and Chief
Administrative Officer of both public and private companies during
his career. This experience crosses industries and include Tellium,
IDF International, Bioenergy of America and ACT Oncology. As the
Chief Financial Officer of Tellium the company grew from zero
revenues to over $150 million in
revenues and raised over $400 million
including an IPO with Morgan Stanley. Mike also served as Chief
Financial Officer for Bell Atlantic-New Jersey and Executive
Director Investor Relations.
Mike Marenick, Paydunk
Co-Founder, said, "We are fortunate to have Mike join us at this
early stage of our growth. We are excited to leverage his
experience and guidance. With the recent traction Paydunk has had
over the last few weeks, it is critical to have a member of the
executive team who has taken a company from ground zero to full
potential."
Mike has been a board member for the Raritan Bay Medical Center
(chair of Audit Committee); the Eastern
Monmouth Chamber of Commerce; President of the Shrewsbury Board of Education; Shrewsbury
Youth Athletic Association; Friendly Sons of St. Patrick of the
Jersey Shore and currently the Big Brothers Big Sisters of
Monmouth and Middlesex Counties.
Robert McHugh, Paydunk Co-Founder
added "One of Paydunk's key initiatives is to offer our solution to
charitable organizations, Mike adds a lot of value through his
network and experience in this space."
Mr. Losch received both a B. S. and an M.B.A. from Lehigh University and he has done post-graduate
work at the Wharton School of Business and Williams College.
About Paydunk
Paydunk, LLC is a New Jersey
based company that was founded in September
2014 by Mike Marenick and
Robert McHugh. The Paydunk mobile
app makes online checkout a simple, familiar and secure process
with patent pending technology that encrypts customers' personal
financial information. Paydunk helps retailers of all sizes reduce
checkout abandonment, increases customer satisfaction by providing
a fast and easy payment method and is commercially available now
for both iOS and Android mobile phones.
For more information please visit www.paydunk.com or email
info@paydunk.com.
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SOURCE Paydunk, LLC