RESTON, Va., Nov. 08, 2016 (GLOBE NEWSWIRE) -- STG Group, Inc. (OTCQB:STGG), a leading provider of
mission-critical technology, cyber, and data solutions to the U.S. Government, announced today that Mr. Paul Rempfer has joined STG
as Senior Vice President of Business Development. In this role, he will work with STG senior leadership and have management and
operational oversight of the company’s capture, business development, and proposal management organizations. Mr. Rempfer’s
appointment was effective from November 1, 2016.
Mr. Rempfer brings more than 20 years of executive experience, having led business development organizations
that have captured over $2 billion in contracts across cyber security, intelligence, and critical infrastructure domains. Mr.
Rempfer has experience driving strong growth across both new and established enterprises, and he possesses the industry
relationships, insights and know-how to help expand STG’s strategic opportunities, build partnerships, and advance its corporate
growth agenda.
Phil Lacombe, President of STG, commented, “We are very excited to have Paul leading our business development
team. We believe that his understanding of critical national security missions and the cyber environment will enable us to continue
expanding our support for key government customers. I am very familiar with Paul’s success in leading complex capture efforts and
diverse business development teams and am delighted to have him on the STG leadership team.”
Prior to joining STG, Mr. Rempfer served as a Principal at Booz Allen Hamilton Inc. At Booz Allen, he had
responsibility for leading the corporate business development strategy for pursuits in the cyber and intelligence domains. Prior to
Booz Allen, he held operational and executive management roles with ManTech International Corporation, General Dynamics
Corporation, Secure Mission Solutions, Inc. and Noblis.
“I’m excited to be joining a true industry leader like STG with its unwavering commitment to staying ahead of
the curve with innovative solutions in the defense of our nation. I’m looking forward to helping STG grow and succeed in the near
future,” said Mr. Rempfer.
Mr. Rempfer earned a BA from The University of Iowa.
About STG
STG Group, Inc. is a leading provider of mission-critical technology, cyber and data solutions to more than 50 US Federal
Agencies. Applying decades of experience, the company works to ensure the security of the digital domain, the effectiveness
of complex IT systems and the delivery of quality intelligence to decision makers. STG is a Washington Technology Top 100 Company.
Visit STG at www.stg.com.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties concerning STG, STG’s expected
financial performance, as well as STG’s strategic and operational plans. Forward-looking statements relate to expectations,
beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are
not historical facts. Terms such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,”
“might,” “plan,” “possible,” “potential,” “predict,” “should,” “would” and similar expressions may identify forward-looking
statements, but the absence of these words does not mean that a statement is not forward-looking. Actual events or results
may differ materially from those described in this press release due to a number of risks and uncertainties. The potential risks
and uncertainties include, among others, risks relating to success in retaining or recruiting officers, key employees or directors,
the potential liquidity and trading of our securities, and the size of our addressable markets and the amount of U.S. government
spending on private contractors. In addition, please refer to risks described in the “Risk Factors” in STG’s Annual Report on
Form 10-K for the year ended December 31, 2015 and filed with the SEC. Please also refer to the other documents that STG filed with
the SEC on Forms 10-K, 10-Q and 8-K. The filings by STG identify and address other important factors that could cause its financial
and operational results to differ materially from those contained in the forward-looking statements set forth in this press
release. STG is under no duty to update any of the forward-looking statements after the date of this press release to conform to
actual results.
STG Group, Inc. Contact: Bobby Winters, Alpha IR Group 929-266-6315 STGG@alpha-ir.com