Ascendant Solutions, Inc. President and CFO Mark S. Heil To Be Interviewed Live on Clear Channel — iHeart Business Talk Radio’s “The Trader’s Network” — January 17, 2015
Live Interview Airs on the Traders Network Radio Show Hosted by Michael Yorba at 1:30PM ET / 10:30AM PT / 12:30PM CT
LETHBRIDGE, AB–(Jan 16, 2015) – Ascendant Solutions, Inc. (OTC PINK: ASDS), a value-oriented investment firm focused on successfully acquiring, managing and growing community-based pharmacies in the Southwest Region, announced today that President and Chief Financial Officer Mark S. Heil will be interviewed live tomorrow by host Michael Yorba on Clear Channel – iHeart Business Talk Radio’s “The Trader’s Network” Show. In this exclusive interview, Mr. Heil will discuss how the company is executing its growth strategy by acquiring well-run, independent pharmacies in the southwestern U.S. Ascendant shareholders, analysts, industry professionals and all interested parties are encouraged to listen live via Clear Channel’s nationally syndicated iHeart Radio stream.
Date: January 17, 2015
Start Time: 1:30pm ET | 10:30am PT | 12:30pm CT (U.S.)
Network: Clear Channel – iHeart
Station: DFW 1190AM
KFXR Show: The Trader’s Network
Host: Michael Yorba
Live iHeart Radio Stream: http://www.iheart.com/live/4276/?autoplay=true
About Ascendant Solutions, Inc.
Ascendant Solutions, Inc. (“Ascendant”) is a value-oriented investment firm focused on successfully acquiring, managing and growing community-based pharmacies in the Southwest Region of the United States.
Acquired in 2004, the company’s flagship pharmacy, Dougherty’s Pharmacy, located at Preston Road and Royal Lane in Dallas is recognized as one of the largest independent retail pharmacies in the United States. A beloved Dallas institution since 1929, Dougherty’s Pharmacy has focused on pharmaceutical excellence and personal service. Dougherty’s Pharmacy is the area’s oldest, largest, and most recognized full-service pharmacy in the region.
Ascendant’s healthcare division, Dougherty’s Holdings, Inc., continues to grow based on strategic acquisitions of well-run, independent pharmacies in the Southwest as highlighted by recent purchases of pharmacies in Humble and El Paso, Texas.
Ascendant currently has approximately $43 million in net operating loss carryforwards to use against future taxable income. These carryforwards expire between 2019 and 2032 providing future tax savings, enhancing free cash flow resulting in additional debt service capabilities for Ascendant.
About President and CFO Mark S. Heil
Mr. Heil was named President of Ascendant in April 2014, and he has served as Chief Financial Officer of Ascendant and certain of its subsidiaries since 2007. In 2012, he was appointed President of the Company’s healthcare subsidiary, Dougherty’s Holdings, Inc. and he also serves on the Board of Directors of Dougherty’s Holdings. Mr. Heil has significant experience in finance and accounting matters having served in various executive positions, including various chief financial officer roles and chief operating officer capacities along with consulting experience in the executive services field. Prior to joining Ascendant, Mr. Heil served as a consulting associate at Tatum LLC, which provides financial consulting and executive services to its clients. Previous to Tatum, he held various Chief Financial Officer positions at The Loomis Agency, a full service advertising company and at American Excelsior Company, a manufacturing and distribution company. In addition, he held the position of Chief Operating Officer of American Excelsior’s Earth Science Division during his tenure with this firm. Mr. Heil began his career in the audit division of KPMG. He graduated from the University of Texas with a BBA in Accounting and also served on the board of directors of American Excelsior Company. He is a Certified Public Accountant in the State of Texas and is a member of the Financial Executives International (FEI).
About Clear Channel: Clear Channel’s Media and Entertainment division has the largest reach of any radio or television outlet in America with 243 million monthly listeners. It serves 150 cities through 850 owned radio stations in the U.S., as well as more than 140 stations in New Zealand and Australia. www.clearchannel.com.
About The Traders Network Show: For the past six years “The Traders Network Show” has been hosted and broadcasted live daily on Clear Channel DFW 1190AM KFXR from 6am – 7:30am and 2pm – 3pm CT, Monday-Friday. Host Michael Yorba interviews the front-page Titans about the latest in capital markets, CEO milestones, trading tools, real estate acquisitions and market trends. Learn how the experts use risk management techniques to build fully diversified portfolios and what it takes to put up big board earnings. It’s a fast moving, high-energy show that presents stocks, commodities, bonds, forex, derivatives, real estate, political trends, technology trends, crowd funding and impact investment insights in a new light and keeps audience asking for more… shift your thinking and join us as we deliver “tomorrow’s ideas today” on iHeart Radio and Clear Channel’s The Traders Network Show.
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