The Miller Group, Growing Companies Since 1972
Miller Capital Corporation Makes Financial Contributions to Veterans and Educational Non-Profit Entities
Scottsdale, AZ, (March 7, 2017) Rudy R. Miller, Chairman, President & CEO of Miller Capital Corporation and The Miller Group of entities ("MILLER"), said, " We are pleased to announce the expansion of our giving back to the community program throughout the country." Recent contributions were made by MILLER to the Thunderbird Field II Veterans Memorial Monument, The University of California, Irvine - SAE International® Anteater Racing program, and 2017 marks the 10th anniversary of continuing the Arizona State University, W. P. Carey School of Business MILLER Scholarship program.
Thunderbird Field II Veterans Memorial, Inc.
Thunderbird Field II (now Scottsdale Airport) ("SDL") was built in 1942 for the purpose of training WWII Army Air Corp pilots. Thunderbird II graduated over 5,500 students who collectively flew nearly 26,500,000 miles. A monument and museum will be built at SDL and dedicated to honoring the service men and women of the nation's five armed services. Service plaques for the Army, Navy, Marine Corp, Coast Guard and Air Force, as well as POWs and MIAs, will be displayed. The centerpiece will be a 1940s Boeing Stearman PT-17 Biplane, the aircraft used for training at Thunderbird during WWII.
Steve Ziomek, Chairman of Thunderbird Field II Veterans Memorial, Inc., stated, "I would like to thank Rudy Miller and The Miller Group for their extremely generous contribution to the memorial and museum project slated for completion in 2018. Rudy is a friend and a very strong supporter of the U.S. Military and its veterans. He also served as a member of the U.S. Armed Forces." Ziomek concluded, "We wish to preserve the history and culture of aviation in Scottsdale, Arizona, provide a tribute to all veterans and create an educational opportunity for our children."
University of California, Irvine - Anteater Racing
University of California, Irvine ("UCI") is ranked ninth among the nation's best public universities according to the annual U.S. News & World Report. UCI continues to receive national and global recognition for its excellence in academics and cutting-edge research. Miller Capital Corporation recently donated to the senior design engineering program, Henry Samueli School of Engineering at UCI. The program designs, builds and competes with vehicles in Collegiate Design Series competitions hosted by the Society of Automotive Engineers (SAE International®). This program gives engineering students the chance to get hands-on engineering experience in the design process, manufacturing techniques and teamwork skills.
Rudy R. Miller Business - Finance Scholarship
Arizona State University ("ASU"), one of the largest universities in the United States, ranked number one as the nation's Most Innovative School for the second consecutive year by U.S. News & World Report. MILLER originated the Rudy R. Miller Business - Finance Scholarship in 2008 to express support of ASU's W. P. Carey School of Business, and to encourage and recognize academic excellence by outstanding students. The scholarship is determined by merit and awarded annually to a junior or senior pursuing a degree in Finance or Business Administration at ASU's W. P. Carey School of Business. The firm has also provided other scholarships to deserving ASU students on a selective basis, such as The Miller Group Corporate Scholarship and the Rudy R. Miller Finance Intern Scholarship.
ProTix, a Ticketing Solutions Company, Brings Strategic Expert, The Miller Group, Onboard
Scottsdale, AZ (March 2, 2017) – The Miller Group ("Miller"), a highly respected management consulting and strategic advisory firm, also offering private equity/venture capital investing and debt financing, today announced a comprehensive engagement agreement with ProTix.Com, LLC, a national full-service ticketing platform utilizing the ProVenue® product of Tickets.com®.
"A number of years ago, I worked with the Miller team and their CEO, Rudy Miller, when I was president of a public company's ticketing subsidiary, so I know firsthand what an asset they will be to ProTix. Miller brings a proven track record of success, established high-quality business relationships and years of experience within our space," commented Richard Floco, President, CEO and Managing Member of ProTix.Com, LLC. "We will focus on creating a business growth initiative for the company, including potential joint venture relationships and additional expansion opportunities. Our main objective is to be a leader in the rapidly growing boutique ticketing venues and middle market arena facilities."
Rudy R. Miller, Chairman, President, and CEO of The Miller Group, said, "We look forward to collaborating with Richard and his management team, particularly as ProTix enters its next stage of growth and development. I am extremely pleased to provide my firm's knowledge and expertise to ProTix and offer innovative solutions to the company."
About ProTix.Com, LLC
ProTix.Com, LLC, with a corporate office in Scottsdale, Arizona and national operations facilities in Oklahoma City, Oklahoma, is a full-service ticketing solution using the new and exciting ProVenue® product by Tickets.com®. ProTix.Com consists of experienced ticketing personnel and promoters as well as entertainment and marketing entities. With years of combined industry knowledge and success, and a proven track record, ProTix.Com has all the resources to service every type of event and venue. Our concept is to provide the very best customer service, ticketing system, and support available. To order tickets by phone, call (866) 977-6849, online - www.protixonline.com, or you can purchase tickets at an outlet or box office.
Arizona Foothills Magazine 2017 Top Investment Firms
Miller Capital, located in Scottsdale, AZ, is honored to be one of nineteen firms nominated for Arizona Foothills Magazine's "Best of Our Valley" - Best Investment Firm and earned a top two position in 2017. Miller Capital was previously voted the top firm in 2013. A partial list of investment firms placing in the top two slots over the past seven years includes Morgan Stanley®, Merrill Lynch®, UBS®, and Edward Jones®.
Since 2011, Arizona Foothills Magazine has asked their readers who their favorite companies and professionals are, offering thousands of options chosen by nominations, editors and focus groups. Readers answer with hundreds of thousands of votes that determine the Valley of the Sun - Phoenix Metro Area favorites.
For more than 40 years, The Miller Group (Miller), has earned a reputation for implementing customized, successful financial and business strategies for both public and private emerging growth and middle market client companies throughout North America, Europe and Asia. Miller is a boutique entity comprised of Miller Capital, Miller Investments and Miller Management.
Miller provides a broad range of services including venture capital, private equity investing, financial advisory, management consulting and investor relations. Miller’s experience includes business valuations, due diligence projects, business plans, merger-acquisition assistance, crisis management, plus an investment banking background. The knowledge and track-record of Miller’s team, led by its founder, Rudy R. Miller, offers committed, highly-specialized services to assist client companies in reaching their goals. Miller invests its own capital into a large number of its clients and often brings additional institutional or individual accredited co-investors into a specific transaction.
Current and past clients include: America West Airlines®, Bowlin Travel Centers, Inc.®, Capital Title Group, Inc., DELSTAR Companies, Inc., Legal Broadcast Network, LLC, Magma®, McMurry, Inc., Regent Communications, Inc., Ritz Carlton Magazine®, Sequence Media Group, ServRx, Inc., Sunshine Minting, Inc.®, Telgian Corporation®, US Air Express.
Miller Capital Announces ProTix Mezz Loan
One Stop Systems, Inc. Named to CIOReview's 20 Most Promising Defense Technology Solution Providers 2016
Escondido, California - December 12, 2016 – One Stop Systems, Inc. announced today that it has been recognized as one of the top 20 Defense Technology Solution Providers of 2016 by CIOReview.
"It's a great honor to select One Stop Systems, Inc. as one of the 20 Most Promising Defense Technology Solution Providers 2016," said Jeevan George, Managing Editor of CIOReview. "One Stop Systems (OSS) designs and manufactures high performance computing systems that revolutionize the data center by increasing speed to the Internet while reducing cost and impact to the infrastructure."
"For the defense industry, we're doing both a ground based system and also an airborne [flash storage array] system that would run on 300 volts and have the necessary ruggedization features including formal spec-testing," said Steve Cooper, CEO of One Stop Systems. "OSS' flash storage array also assisted the Navy in upgrading their P-8 aircraft, reducing the weight from hundreds of pounds to six-and-a-half pounds, while offering high performance and reduced power usage."
About One Stop Systems
One Stop Systems designs and manufactures direct attached GPU appliances, flash storage arrays and server-enhanced appliances for high performance computing (HPC) applications such as deep learning, oil and gas exploration, financial trading, defense and any other appplications that require the fastest and most efficient data processing. By utilizing the power of the latest coprocessors and flash storage cards, OSS' systems stay on the curring edge of the latest technologies. OSS' equipment also costs less than other solutions and they occupy much less rack space in the data center. OSS has a reputation as innovators using the very latest technology and design equipment to operate with the hiest efficiency. For more information, visit www.onestopsystems.com.
Published from Fremont, California, CIOReview is a print magazine that explores and understands the plethora of ways adopted by firms to execute the smooth functioning of their businesses. A distinguished panel comprising of CEOs, CIOs, IT VPs including CIOReview editorial board finalized the "20 Most Promising Defense Technology Solution Providers 2016" and shortlisted the best vendors and consultants. For more information, visit www.cioreview.com.
The Miller Group Announces Recipient of the Ninth Annual Rudy R. Miller Business - Finance Scholarship to Arizona State University Student
Scottsdale, Arizona - October 31, 2016 – The Miller Group announced its ninth annual Rudy R. Miller Business - Finance Scholarship has been awarded to Curtis R. Christian, an Arizona State University (ASU) senior pursuing a Bachelor of Science degree in Finance, as well as a Bachelor of the Arts degree in Sports & Media studies.
Mr. Christian has been able to earn and maintain above a 3.9 grade point average along with working 25 hours per week for the Phoenix Suns and ASU Housing, while also holding a voluntary Baskeball Statistics internship. Over the past summer, he held an intern position at the 2016 Sports & Entertainment Alliance in Technology Conference and attended the 2016 Basketball Career Conference hosted by Sports Management Worldwide and TPG Pro Scout School. He finds time to help his community through volunteering for the Fiesta Bowl, Arizona Coyotes, Arizona Diamondbacks Fan Fest, and Larry Fitzgerald's Camp, and has attended multiple events for the Financial Management Association and Sports Business Association. Curtis was chosen to join the Sports Business Scholars, a selective honorary program for students who want to achieve a career in sports. Mr. Christian aspires to combine his education with his passion for basketball in order to work in operations for a college or NBA team.
Rudy R. Miller, Chairman, President and CEO of the affiliated group of Miller entities, originated the scholarship in 2008 to express his and his firm's support of ASU, in particular the W.P. Carey School of Business, and to encourage and recognize academic excellence by outstanding students. The Scholarship is determined by merit and awarded annually to a junior or senior pursuing a degree in Finance or Business Administration at ASU's W.P. Carey School of Business. The Miller Group has also provided other scholarships to deserving ASU students on a selective basis, such as The Miller Group Corporate Scholarship and the Rudy R. Miller Finance Intern Scholarship.
Mr. Miller commented, "The presentation of this year's scholarship award to Curtis Christian reaffirms his motivation and dedication and hardwork ethic to achieve his goals. He is a fierce competitor and displays the values of our team at The Miller Group. I look forward to mentoring Curtis as he moves forward in business and life."
Thomas Bates, Department of Finance Chair and Associate Professor of the ASU W.P. Carey School of Business, said, "Curtis Christian is an outstanding candidate for the Rudy R. Miller Business - Finance Scholarship. Curtis is pursuing a rigorous course of study in both Finance and Sports Business. His record of academic achievement has been exceptional even while pursuing professional development opportunities with the Phoenix Suns and Arizona Coyotes. I want to thank Rudy Miller for his sustained and generous financial support of our most determined and accomplished students.
An award luncheon at The Miller Group corporate headquarters was attended by the scholarship recipient and his family, W.P. Carey School of Business representatives and The Miller Group executives.
Miller Capital Corporation Client Announcement: One Stop Systems Merges with Magma
Escondido, California - July 15, 2016 – One Stop Systems, Inc. (OSS) today announced that it has completed a merger with Mission Technology Group, Inc. (dba Magma), with OSS as the surviving entity. Both companies are market leaders in PCIe expansion technology used to create high-end computer accelerators and flash storage arrays. Together they become a dominant technology leader of PCIe expansion appliances.
"The merger of Magma with One Stop Systems brings together two creative forces that increases our market breadth and creates a greater diversity of products to better meet our customers' needs," said Steve Cooper, OSS CEO. "Magma has a long history of developing and producing expansion products for commercial and military applications. Together, we now dominate both markets. Customers who have used one company's products can now take advantage of a wider selection."
Both companies will continue to operate as separate business units with a strong exchange of talent and expertise. The united companies will realize the benefits and cost savings of combined sales, marketing, accounting, and human resources departments, as well as other areas where there are synergies. Steve Cooper will continue as CEO and President of the combined company while Randy Jones, previously CEO of Magma, will become a major stockholder in One Stop Systems, will serve as a board member and also be appointed Vice Chairman of the OSS Board of Directors. Tim Miller will continue as President of the Magma business unit.
Randy Jones stated, "Performance, economics, and efficiency are key factors within any industry, and both OSS and Magma see these as fundamental necessities in research, product development and serving our national and international customer base, at the highest level. As such, the merger between OSS and Magma, with similar business cultures, will be tremendously beneficial in growing our industry position worldwide. With the complementary increase in product lines through this merger, our collective client base will avail itself of even more cutting-edge possibilities." Mr. Jones continued, "I look forward to working with Steve Cooper, whom I have known for a number of years. I have great respect for him and his team. Helping develop the strategic growth plan with Steve and the Board is an exciting opportunity for everyone associated with this transaction."
About One Stop Systems
One Stop Systems designs and manufactures supercomputers for high performance computing (HPC) applications such as deep learning, oil and gas exploration, financial trading, defense and any other applications that require the fastest and most efficient data processing. By utilizing the power of the latest GPU accelerators and flash storage cards, our systems stay on the cutting edge of the latest technologies. Our equipment also costs less than other solutions and we occupy much less rack space in the data center. We have a reputation as innovators using the very latest technology and design equipment to operate with the highest efficiency.
Magma develops and manufactures PCI, PCI Express and Thunderbolt expansion systems for servers, desktops and portable platforms. Magma's patented expansion products extend signals outside the computer over cable to a chassis containing multiple card slots. Magma's product line includes enclosed and non-enclosed solutions ranging from low-end, single-lot expansion products to fault-tolerant, highly reliable, available and serviceable (RAS) chassis specifically designed for mission critical environments. For more information, visit www.magma.com.
How Does The Brexit Impact The US Economy? Rudy Miller Explains
The United Kingdom's vote on June 23 to leave the European Union (a 52% to 48% tally) was the biggest story of the day. The financial world has been scrambling in the wake of Brexit. The Miller Group's CEO, Rudy Miller, a frequent guest, discusses the historic vote and what it will mean in the longer run in this report.
The short version of the event, Miller says, is that the citizens of the UK made the political decision to leave the EU. One aspect of the vote is that it was a move towards independence, a decision that the country should not be governed by the EU. In addition to the issue of political independence, there is a matter of economic independence. "The EU is telling you what hair dryer to buy." Miller points out that the British people have a strong sense of independence, and they spoke out at the polls. Britain has had a long history with the EU, but it will be moving away.
The vote by British voters to leave the EU has caused Prime Minister David Cameron to resign. He will step down in October. Miller says that this causes some obvious uncertainty politically and in the financial world, as people wonder who will be the next prime minister and what the country's political direction will be. Miller quotes a friend in London who said, "It's a bloody mess on the market, but many people are celebrating their independence."
As to what happens next, Miller explains that the Treaty of Lisbon contains Article 50 that provides a means for a country to leave the EU. The exit process would take at least two years, during which time the UK would continue to abide by all EU treaties and laws. During that time, Britain would negotiate the term of its departure. Issues include financial regulations, trade arrangements, and the movement of British nationals through EU countries.
Miller notes that Britain's decision to leave the EU might encourage similar referendums in other countries or efforts to get special accommodations from the EU. There will be elections soon in several European countries. There has also been talk that Scotland, where the citizens voted to stay in the EU, might seek independence from the UK so as to join the EU.
As to the financial effect of the Brexit vote, Miller believes it will be less than some are saying. "It's not 2008, when we had our banks in a financial economic crisis." The events of 2008 left banks in Europe and America stronger than they were. However, there will be many financial jobs that will move away from London to other places because of Britain's decision.
Miller does not believe that the drop in stock markets today is the first sign of a major recession. He sees it as "a flight to safety." Miller points to the gold market, which reached a two-year high today. Treasury bonds are selling well. Notwithstanding some bumps on the road, Miller believes that the US economy is stronger than any of the European economies. However, multinational corporations and US exports will be affected by the strong value of the US dollar with trading partners. He also believes that the Fed is glad it did not raise interest rates, and he believes there will be no further increases in 2016.
Rudy R. Miller is the Chairman, President, and Chief Executive Officer of The Miller Group as well as Miller Capital Corporation, an affiliated company, established in 1972. He was the Founder and Chairman of the Board of Miller Capital Markets, a FINRA member investment banking firm, from 2006 through 2012. He has over 35 years of executive-level experience owning, operating and advising corporations, from large NYSE listed public companies to emerging-growth private companies. His extensive operating and advisory experience provides clients with a comprehensive understanding into the challenges of successfully navigating a business through varying economic climates. The Sequence Media Financial Network is a featured network of Sequence Media Group.
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Vector Planning & Services Inc. Retains Strategic Business Advisor, The Miller Group
San Diego, California and Scottsdale, Arizona (March 7, 2016) – Vector Planning & Services, Inc. (VPSI), a privately held company founded in 1997, is pleased to announce the engagement of The Miller Group (TMG) to provide strategic business advice and assistance aligned to future growth opportunities. VPSI’s services include Cyber Security, Information Technology, Systems Engineering and Integration, and Program & Financial Management services.
Paul Ilg, VPSI’s CEO, VADM, USN (ret.), stated, “TMG has a strong business and financial track record working with middle market companies. They also understand the opportunities and challenges facing our management team. Our senior staff will have an opportunity to work directly with Rudy R. Miller, founder of TMG, to jointly execute a plan to add private sector clients to our current impressive list of government agencies. Plus, TMG will assist us in developing joint venture opportunities with potential private company partners.”
Rudy R. Miller, Chairman, President and Chief Executive Officer of TMG, said, “Our firm is pleased to have been selected by VPSI for this assignment and we are excited to bring our firm’s knowledge and experience to the company. TMG looks forward to assisting the management team in their efforts to utilize their highly respected core business expertise and achieve future growth opportunities through public and private relationships.”
VPSI is a CMMI-SVC ML 3 appraised and ISO/IEC 20000-1:2011 certified small business that provides services and solutions found in support of the warfighters across the world and have supported clients including: DIA, DISA, NSA, USCYBERCOM, the Joint Chiefs of Staff, the United States Senate, and the U.S. Navy. Awards exemplifying their commitment and capability include the 2012 Nunn Perry and the 2012 Defense Acquisition Team Excellence. VPSI is recognized for their Systems Engineering & Integration, their Cyber Security, Program Management, and Information Technology capabilities. As a small business, VPSI combines flexibility and capability to deliver leading edge solutions. VPSI solutions include Satellite Communications, Rocket Launch and On-Orbit support, Offensive and Defensive Cyber Operations, Intelligence Exploitation tools development, and Enterprise IT Service Delivery support.
Todd Delano, CEO of ServRx, Inc., Executes Management Buyout of Majority Stock Interest
Scottsdale, Arizona (February 25, 2016) – ServRx, Inc. and related company Worker Compensation Rx Solutions, Inc. (“WCRx”), both privately owned entities located in Scottsdale, Arizona, today announced CEO Todd Delano’s direct management buyout of majority ownership of both companies’ stock interest held by co-founder Dr. Randall S. Prust, M.D. Senior secured financing for the transaction, as well as a credit facility to fund future growth, was provided by Gemino Healthcare Finance.
Dr. Prust commented, “Todd and I co-founded ServRx and WCRx in 2009 and, under Todd’s daily management as President, CEO and board member, he has grown both ServRx and WCRx (and other related entities) from small niche pharmaceutical billing businesses into high-growth companies doing business in all 50 U.S. states. I am selling the majority of my stock positions directly to Todd in a very friendly buyout transaction and I have completed my board commitments and tendered my formal resignation as Chairman. I will continue to be a supportive minority shareholder and will focus on my current full-time commitment to my medical practice, as well as other outside venture capital portfolio investments. It has been an honor to help mentor Todd and see him grow into an outstanding senior executive.”
Todd Delano stated, “I appreciate Dr. Prust’s initial financial and business support over the years and look forward to continuing to grow ServRx into a national industry leader. We are excited for the next chapter in ServRx’s journey going forward. We plan to build off the strong business foundation that we have established, plus leverage our technology and the dedication of our current management team while adding additional key personnel in the future. Our motivated employees share a passionate belief in our company and our organization’s culture and core values. Most of all, we believe in the excellence and dedication of our co-workers, who are committed to providing exceptional client service and support to our growing national customer base.”
Mr. Delano concluded, “We interviewed a number of financial institutions and selected Gemino Healthcare Finance as our lender regarding this transaction due in part to their healthcare finance expertise and their experience throughout the United States dealing with middle market growth companies. Their professional team was extremely responsive to our timeline requirements, plus they met all of our objectives and Gemino has a long-term relationship outlook with their clients.”
About ServRx, Inc.
ServRx/WCRx was founded in 2009 by veterans of the pharmacy claims processing industry. Many claims processing companies rely on antiquated technology and IT infrastructure. ServRx utilizes one of the most sophisticated IT systems in the industry, which means its clients benefit from real-time adjudication and immediate payment confirmation. ServRx’s mission is to work closely with each client to develop solutions that maximize revenue cycle. Additional information can be found at www.servrx.com.
Rudy Miller, CEO of The Miller Group, Has Made a Positive Impact on Our Company with His Strategic Advice
"In my role as Chairman of ServRx and related entities, I have had the opportunity to work directly with The Miller Group’s CEO, Rudy Miller, since 2014. The Board retained his firm as strategic business advisor in part because Rudy has a proven track record in working with high-growth middle market entrepreneurial companies. He truly appreciates the opportunities and challenges facing expanding businesses. His business experience as an entrepreneur, public company CEO, and board member of a number of public companies has been a huge benefit in helping our company and its aggressive operating management team work through numerous business complexities. He played a critical role assisting us with our bank credit facility as well as locating a full time CFO for the company. He is a direct-results oriented advisor that comprehends the difficult decisions that need to be made by the board. His legal, accounting-finance and operational experience is a tremendous asset to our company and our management team as we continue to grow ServRx. Rudy and his team have earned our board’s respect and we have re-engaged his firm for the next two years to continue to assist the company in meeting its growth plan."
Rudy Miller of The Miller Group Discusses Oil Prices, the U.S. and China Stock Markets with Sequence Media Financial Network
The financial markets entered 2016 in a tumultuous state. January 15th was an especially painful day that saw plummeting stocks and the fall of oil prices to below $30 per barrel. Additional concern has been raised by the Chinese stock market's struggle. The Miller Group's CEO, Rudy Miller, a frequent guest on Sequence Media Financial Network and Legal Broadcast Network, discusses the current situation and shares his thoughts about what he expects this year.
Miller notes that the U.S. stock markets have lost $1.6 trillion in value (as of January 15th), and worldwide losses are over $3 trillion. Miller states, "It was refreshing to get a 228-point positive bounce in the market [on Thursday]." He advises paying attention to the first hour when markets open and the last hour and three-quarters prior to their closing.
The Dow Jones Industrial Average is on track to have its worst month since February 2009, and Miller points out that it is not possible to predict that the bottoming-out point has been reached. He expects more volatility and some bloody trading days in the near future. As always, investors should continue seeking sound financial moves. Miller suggests that there are companies with strong balance sheets, good equity-to-debt ratio, strong cash positions and solid projected cash flow for 2016. Furthermore, there are sound moves to be made in specific equities. For example, while biotech companies have taken a beating, airline companies are doing extremely well. Miller affirms, "They've got the biggest cash flow they've had in history."
Looking at January 14th, Miller notes that oil was above the $30 mark, JP Morgan posted a very good earnings report, and China's stock closed on the upside on the 13th. Additionally, St. Louis Federal Reserve President, James Bullard, took a softer position on rate increases. That same night, however, there was a sharp sell-off in Asia. Then the Dow and the NASDAQ opened down this morning. Oil has been driving the prices, and is now dipping below $30 per barrel. Soon, Iran will begin dumping oil on a slowing world economy. Miller points out that $15 Canadian oil is already available. He underscores the importance of keeping oil prices near the $30 mark or better. Miller also explains that with an upcoming three-day weekend, a number of investors want liquidity rather than positions.
Miller mentions several financial institutions, in particular JP Morgan, as exemplifying what one would want to see in a bank's performance. JP Morgan is also benefiting from the recent rate increase. As well, banks are cutting costs and increasing the use of technology, resulting in better bottom lines. The overall industry, Miller suggests, is in good shape compared to where it was during the 2008 market crash. However, banks that have a high percentage of energy loans in their portfolios will experience some challenges.
In considering the international picture, Miller predicts that China will continue to have a slower growth rate, perhaps in the 4-6% range. Political events, both at home and abroad, will cause stock market reactions. As to the energy field, Miller suggests that conditions will trend up over the next year or two. Smaller oil companies with balance sheet issues will either end up as part of bigger companies or go bankrupt.
In summary, Miller does not anticipate a recession in the U.S. He expects job growth to continue to be steady. The overall U.S. economy will be solid and stronger than any other economy in the world. Miller does not expect the Fed to increases rates until May, and notes that Wall Street has projected four rate increases going into 2016. Miller offers the possibility that there will be three rate increases at a very measured rate until the economy approaches a 2% rate of inflation.
The Legal Broadcast Network is a featured network of Sequence Media Financial Network.
WILL THE US JOBS SURGE LEAD TO INTEREST RATE INCREASE BY THE FED?
U.S. employers hired at their strongest clip this year in October and wage growth picked up key indicators which many experts believe will reassure Federal Reserve officials as they consider the case for an interest rate raise before year’s end. Rudy R. Miller, CEO of The Miller Group and Miller Capital Corporation in Scottsdale, AZ, weighed in shortly after the report with his thoughts on the numbers showing that non-farm payrolls rose to a seasonally adjusted 271,000 in October according to the US Labor Department. Miller, who is a regular commentator on the SMG Financial Network, discussed the issue of the long awaited rate hike, which he believes the Fed should have acted upon in September. He also critiqued China's market crash during the late summer and the current improvement of the Chinese stock exchange.
Miller discusses in this video the outlook over the short-term based on macro trends as well as an overall glimpse at the US economy as it heads to year end and into a vital election year cycle.
THE MILLER GROUP ANNOUNCES CO-RECIPIENTS OF THE EIGHTH ANNUAL RUDY R. MILLER BUSINESS - FINANCE SCHOLARSHIP TO ARIZONA STATE UNIVERSITY STUDENTS
(Scottsdale, Arizona November 3, 2015) – The Miller Group announced its eighth annual Rudy R. Miller Business - Finance Scholarship has been awarded to Stephen M. McAleer and David H. Volant, co-recipients. Mr. Miller, Chairman, President and CEO of the affiliated group of Miller entities, originated the scholarship in 2008 to express his and his firm’s support of Arizona State University, in particular the W. P. Carey School of Business, and to encourage and recognize academic excellence by outstanding students. The scholarship is determined by merit and awarded annually to a junior or senior pursuing a degree in Finance or Business Administration at ASU’s W. P. Carey School of Business.
Mr. McAleer is a senior at ASU, enrolled in Barrett, the Honors College. He is pursuing dual Bachelor’s of Science degrees in Finance and Economics. His involvement in campus organizations includes Investment Banking Industry Scholars program, Association of Latino Professionals in Financing and Accounting, Arizona Microcredit Initiative, and Be A Leader Foundation. Mr. McAleer served as an intern at Goldman Sachs, Global Wealth Management and STORE Capital. His career goal is to be working in finance at a private equity firm or a hedge fund in New York City.
Mr. Volant is also a senior at ASU and is pursuing a Bachelor’s of Science in Finance with a minor in mathematics. His extra time is spent using his CRLA certification to tutor on campus in economics, mathematics, computer programming, and accounting. He is also involved in the Financial Management Association, Investment Banking Industry Scholars program, and Young Life. His objectives include earning a Master’s in Business Administration and working in portfolio management for a financial firm in New York City.
Rudy R. Miller commented, “Our firm had a difficult time selecting our scholarship recipient this year due to the exceptional quality of applicants. We decided to select two outstanding students as co-recipients for our 2015 award. These two applicants stood out to me not only for their academic achievements, but also for their efforts outside of the university. We are honored to assist both recipients financially and with future individual mentoring and guidance by me.”
Thomas Bates, Department of Finance Chair and Associate Professor of the ASU W.P. Carey School of Business, said, “In selecting David and Stephen as this year’s recipients of the Rudy R. Miller Business - Finance Scholarship, Rudy and his team have recognized two of the most deserving students currently enrolled in W. P. Carey School of Business. In addition to their outstanding academic records, both have shown great initiative in developing early careers in the very competitive field of investment banking. Both candidates are also notably embedded in a number of community-based initiatives. I want to thank Rudy Miller for his continued recognition and financial support of academically accomplished student leaders like David and Stephen.”
An award luncheon at The Miller Group corporate headquarters was attended by the scholarship recipients, W.P. Carey School of Business representatives and The Miller Group executives.
MILLER CAPITAL CORPORATION CONDUCTS CONFIDENTAL BUSINESS REVIEW
WHEN WILL THE FED RAISE INTEREST RATES AND IS THE BEAR MARKET HERE?
The stock market has continued to fluctuate over the past several months. On September 28th, it took another major downturn. Everyone wonders what the future holds for the market. The Miller Group’s CEO, Rudy R. Miller, returns to LBN for an update on economic developments and an explanation of what he sees for the months ahead in this report.
Miller says that several things occurred on the 28th to cause the drop in prices, including things that had started last week. China’s continuing economic problems had an effect on the market. Also, Carl Icahn released a video report, “Danger Ahead,” listing what he saw as problems the stock market would have to contend with. Miller says that, while he essentially agrees with Icahn’s facts, he does not believe that we are in “that bubble environment.” (Miller’s opinion is that Carl Icahn would like to serve in Donald Trump’s cabinet should Trump be elected president.)
Miller points to a number of items that had a negative effect on the market. These include a report on personal income outlays, remarks by three presidents of the Federal Reserve, the Dallas Fed Manufacturing Survey, and the pending home sales index. Miller notes that the Commerce Department reports that spending rose 4% in August, and personal income rose .3%. As for real estate sales, Miller says he still thinks the country is in a good position, although there was some discouraging news from the National Association of Realtors index. Pending home sales decreased by 1.4% in August. The Dallas Fed numbers remained negative for the ninth consecutive month. Much of that weakness is in the oil sector.
Miller says that his firm’s clients are reporting encouraging job figures. One client reports an increase in job slots that can’t be filled. Miller says his firm is seeing that employment opportunities are improving and wages are increasing, a good sign. As to China and its economic woes, Miller does not expect China to see better days until 2017. “We weren’t expecting them to have great numbers.” Another problem was that drugs and pharmaceutical stocks were down 13% the previous week. The big sell-off in pharmaceuticals was related to heightened scrutiny of drug pricing.
Miller notes that all of these things came together on September 28th. Other factors include one that many people are unaware of. The Saudis have been selling off substantial portions of their large holdings in U.S. stocks. The sell-off by the Saudis is related to their holding down the price of oil. The proceeds from their stock sales have been used to backstop their oil market maneuvers. Miller also says that, in his opinion, China does not affect our stock market as much as people may think. China is not a big buyer of our products and services (.06% of sales are to China).
Added to all of these things was the political drama in the House of Representatives, with John Boehner resigning as Speaker of the House. Miller opines that Boehner will work with his fellow Republicans and with Democrats to assure that the government is not shut down this year. There was also a U.N. meeting on the 28th that included Putin’s announcement of a more formalized Russian arrangement with Iran and Iraq. There is also the relationship between Syria and Russia. Added to all of the above, says Miller, were problems in the bond market where major pricing deals couldn’t be concluded. Put all of it together and you have the stock market on the 28th.
Miller believes that the Federal Reserve has some responsibility for what happened. In Miller’s August report on LBN, he noted that the S&P Index was down 10% over the last sixty days. Miller says the Fed “made a huge mistake” by not increasing interest rates in September, as had been expected by many observers. Miller now believes that the Fed will increase rates in October. There is also a possibility to do an increase in December, but that is a busy time of the year for everyone.
As to the future, Miller says he is “optimistic about the U.S. economy compared to the rest of the world.” However, says Miller, that optimism does not mean that he is a firm believer in a huge bull market. He continues to believe that things will improve going forward, and that some action by the Fed could improve things. The market may have some bumps in the future, but it is still a good time to invest. Miller points out that “you have to put your money somewhere or stay 100% in cash.” He also noted that consumer confidence was reported today as the highest since January 2015.
Rudy R. Miller is the Chairman, President, and Chief Executive Officer of The Miller Group as well as Miller Capital Corporation, an affiliated company of The Miller Group, established in 1972. He was the Founder and Chairman of the Board of Miller Capital Markets, a FINRA member investment banking firm, from 2006 through 2012. He has over 35 years of executive-level experience owning, operating and advising corporations, from large NYSE listed public companies to emerging-growth private companies. His extensive operating and advisory experience provides clients with a comprehensive understanding into the challenges of successfully navigating a business through varying economic climates. The Legal Broadcast Network is a featured network of Sequence Media Group.
U.S. ECONOMIC STRENGTH A BUFFER AGAINST STOCK MARKET DECLINES
Stock markets in the U.S. and around the world have had a rocky week, triggered by economic problems in China. Investors everywhere are wondering when the market’s slump will end and how low prices will drop before they stabilize. The Miller Group’s CEO, Rudy Miller, discusses the situation and explains his perspective on the days ahead in this report.
Miller says that the current stock market slump is not unprecedented, “although it’s a major milestone.” Miller remembers the stock market crash of 1987 and says it was the last time he owned any stocks in his portfolio on margin. Margin calls very much affect the market at a time like this.
But, as Miller points out, “We’re sitting on a very solid U.S. economy.” The housing market is in excellent condition. There have been economic problems in China and Greece, but those problems have not damaged our economy. Europe has seen a huge influx of immigrants from Syria and from Africa, the largest since World War II. But the problems related to that immigration have not affected the U.S. economy.
There has been some concern about news that the Federal Reserve would raise interest rates by a quarter of a point in September. Miller does not see a prospective raise in interest rates as a problem. Miller points out that “We’ve had a zero-based economy for seven years.” But the proposed rate increase has already been “baked in” with Wall Street and America’s banks. The increase is largely symbolic. There may be some adjustments, but there will be no serious problems. Miller says that the U.S. “can’t have zero money forever and a $19 trillion dollar debt.” The Fed looks at a host of data in making decisions. Miller believes that, among other things, the Fed looks at the S&P 500 in deciding what to do.
Any problems the U.S. suffers in the near term are not a financial crisis such as we had in 2008 and 2009. The real estate problems of that time are gone. Miller points out that, last year, 44% of all home sales were “cash sales”, meaning a tremendous amount of investor dollars invested. This year, cash offers are at 22%. In other words, home buyers can afford the homes they are buying, and they plan to live in those homes, not flip.
Miller believes the Fed will move slowly and firmly going forward, avoiding the problem of “every ninety days rolling out another rate hike.” Miller reiterates that it is important for the U.S. to move forward from zero-based money, even though the low interest rate got us through the bad years and helped the economy to start moving forward again. Miller thinks the market will react positively to the interest rate increase because it shows that “we are slowly going in the right direction.” One of China’s problems is that it has in recent times had government-owned companies trying to prop up its stock market by using cash to buy securities instead of investing in the economy.
Miller is optimistic “and realistic” about the future of the stock market and the U.S. economy. He believes that the latest stock market correction has shaken loose “retail investors” who are not in it for the long run. Miller says he is “a long-term holder of good quality companies.” Their earnings are good, as are their ratios, but all money has to be invested somewhere. And the U.S. economy is not having a problem. There is presently an international economic crisis, but it is not an American economic crisis.
Rudy R. Miller is the Chairman, President, and Chief Executive Officer of The Miller Group as well as Miller Capital Corporation, an affiliated company The Miller Group, established in 1972. He was the Founder and Chairman of the Board of Miller Capital Markets, a FINRA member investment banking firm, from 2006 through 2012. He has over 35 years of executive-level experience owning, operating and advising corporations, from large NYSE listed public companies to emerging-growth private companies. His extensive operating and advisory experience provides clients with a comprehensive understanding into the challenges of successfully navigating a business through varying economic climates. The Legal Broadcast Network is a featured network of Sequence Media Group.
SERVRX NAMES SEASONED FINANCIAL EXECUTIVE MARK SMITH AS CHIEF FINANCIAL OFFICER
Scottsdale, Arizona (August 26, 2015) – ServRx, Inc., a leading electronic workers’ compensation prescription claims processing company, today announced the appointment of Mark L. Smith to the position of Chief Financial Officer (“CFO”). Mr. Smith possesses 25+ years of experience as a senior financial officer, including 15 years in the healthcare related industry. His familiarity with both publicly traded and privately owned growth companies is extensive, including technology and financial services industries.
Mr. Smith joins ServRx from his former position as the CFO of iTech Broker, Inc., an internet marketing and financial services firm involved in custom website design and development, eCommerce solutions, SEO, and name branding campaign services.
Previously, Mr. Smith was CFO for Village Estates Corporation, a healthcare company that developed, owned and operated health and assisted care facilities. He was instrumental in designing a groundbreaking billing and service tracking system in the senior care industry.
He spent nearly 10 years as CFO at Avesis Incorporated, a NASDAQ public company. Avesis is a healthcare company that offers ancillary health benefit programs through its nationwide preferred provider organization. Avesis is also a third-party claims administrator of prescription drug programs as well as vision, dental, and hearing programs. Mr. Smith worked alongside the founder of Avesis, who was also the cofounder of National Council for Prescription Drug Programs (NCPDP) and the innovator behind the creation of the pharmacy benefits management (PBM) segment of the healthcare industry.
An alumnus of Indiana University, Mr. Smith earned a Bachelor of Science in Accounting, obtained his CPA certification, and joined the accounting firm of Coopers & Lybrand. He is a past member of the American Institute of Certified Public Accountants as well as the Arizona Society of Certified Public Accountants.
Mr. Smith stated, “I’m extremely honored to join this fast-growing leader in the electronic workers’ compensation prescription claims processing industry. I believe with my past experience of understanding explosive growth companies coupled with my public company compliance background, I can bring a fresh perspective to the financial and accounting functions of this dynamic growing company. I look forward to rolling up my sleeves and working alongside the ServRx team and Board of Directors in an effort to help this company advance to the next level.”
“Mark is an accomplished executive with significant leadership and business experience, including proven ability as a successful CFO with strong financial discipline in both the healthcare and technology sectors. He will be a tremendous addition to our team,” said Todd Delano, ServRx’s President and Chief Executive Officer. “We believe Mark possesses the right blend of financial and business expertise required to help us continue the traction we’ve gained in the marketplace by executing on our current long-term growth and financial strategy.”
About ServRx, Inc.
ServRx is a leading electronic workers’ compensation prescription claims processing company. Through utilizing the most sophisticated IT systems in the industry and working with NPDS, ServRx ensures its clients benefit from real-time adjudication, immediate payment confirmation, and other elements of a customized suite of services. As such, within the last decade, the ServRx executive team has processed over $3 billion in workers’ compensation and commercial prescription claims. The Company’s common stock is not registered under the Securities Exchange Act of 1934 and the Company does not currently file periodic or other reports with the Securities and Exchange Commission.
MILLER CAPITAL CORPORATION ISSUES SERVRX VALUATION
MILLER CAPITAL CORPORATION CONDUCTS CONFIDENTIAL BUSINESS REVIEW FOR SERVRX
MAGMA RECEIVES A SENIOR SECURED CREDIT FACILITY FROM COMERICA BANK
THE MILLER GROUP SELECTS ZIXCORP’S INDUSTRY LEADING EMAIL DATA PROTECTION
Scottsdale, Arizona, and Dallas, Texas (May 6, 2015) – The Miller Group, (“MILLER”), comprised of affiliated companies Miller Capital Corporation, Miller Investments, Inc., and Miller Management Corporation, which provides venture capital, private equity, management consulting and advisory services, has implemented email data protection from Zix Corporation (ZixCorp), (NASDAQ: ZIXI), to secure and protect against email data breaches in transit and through mobile devices.
Committed to protecting its clients’ business, financial, and personal information, MILLER chose the same secure email solutions trusted by 1 in 4 U.S. banks plus numerous state banking regulators, members of the Federal Financial Institutions Examination Council (FFIEC), the Consumer Financial Protection Bureau (CFPB) and the Securities and Exchange Commission (SEC). MILLER uses ZixMail®, a desktop email encryption solution, to encrypt and decrypt emails and attachments. Encrypted email is delivered through ZixPort®, a mobile-friendly secure web portal.
MILLER also protects sensitive client information on bring your own devices (BYOD) with ZixOne®. With ZixOne, MILLER employees can address client needs by enabling access to email on personal mobile devices without jeopardizing data protection, because corporate email never resides on the devices.
MILLER’s focus is to make protecting the privacy and security of its clients’ information a top priority. Not only has MILLER invested in upgrading email data protection but has also increased server and back up data encryption security as well.
Rudy R. Miller, Chairman, President & CEO of The Miller Group, stated, “Data breaches from small-middle size companies to the largest corporations in the world are a reality! Our organization set a benchmark to find the BEST data protection for email and mobile devices in the market. We reviewed a number of products, and it quickly became apparent to our team that the market leader is ZixCorp. Their solutions’ ease of use and seamless integration into our email system was a very important component for our internal and external users. ZixCorp’s launch staff and support folks were just outstanding! We are extremely pleased to join other financial organizations and regulatory bodies in utilizing this must have product in today’s ever-changing cyber world.”
“Sensitive information is vulnerable to data breaches that can occur at any one of multiple access points. By deploying both our email encryption and BYOD solutions, companies proactively protect email data in transit and accessed with mobile devices,” said Rick Spurr, CEO of ZixCorp. “And, innovative, easy to use solutions are critical to ensuring employee adoption. We appreciate The Miller Group for recognizing our leadership and for selecting our solutions as key components in their strategy to protect their company and their clients.”
About Zix Corporation
ZixCorp is a leader in email protection. ZixCorp offers industry-leading email encryption, a unique email DLP solution and an innovative email BYOD solution to meet your company’s data protection and compliance needs. ZixCorp is trusted by the nation’s most influential institutions in healthcare, finance and government for easy to use secure email solutions. ZixCorp is publicly traded on the Nasdaq Global Market under the symbol ZIXI, and its headquarters are in Dallas, Texas. For more information, visit www.zixcorp.com.
SERVRX RECEIVES A SENIOR SECURED CREDIT FACILITY FROM ALLIANCE BANK OF ARIZONA
HIGH PERFORMANCE COMPUTING MANUFACTURER MAGMA ENGAGES THE MILLER GROUP TO SERVE AS ITS EXCLUSIVE STRATEGIC ADVISOR
Scottsdale, Arizona (February 4, 2015) – Magma, providers of high performance expansion systems for servers, desktops and portable platforms, today announced it has selected The Miller Group, a highly respected management consulting/strategic advisory firm, to assist with its financial strategy and international expansion objectives.
San Diego, CA based Magma, engineers and manufactures systems that extend computer workstations and server capabilities. These expansion systems are used in high technology industries, including aerospace, defense, big data, simulation, oil and gas, finance and life sciences. Magma’s products allow companies to add features to their computers and servers without re-architecting the overall system. This results in lower investment in new hardware while simultaneously improving computer performance.
Rudy R. Miller, Chairman, President and Chief Executive Officer of The Miller Group, said, “We’re looking forward to partnering with Magma’s Chief Executive Officer, Randy Jones, who has great success as a corporate executive working for Fortune 500 and smaller public companies as well as serving his country as an officer in the US Army.” Miller continued, “His entrepreneurial decision to personally acquire an operational division from a public company in 2007, which today is the foundation of Magma, makes a strong statement to me regarding his commitment to grow the company. We believe the company is poised with its current and soon to be released products to make a leap in its growth cycle and our management and financial expertise will be targeted to help the company achieve its worldwide growth initiatives.”
Mr. Miller concluded, “Alan Lerchbacker, Managing Director of the Western Region for The Miller Group, and I will be working directly with Randy, Tim Miller, Magma’s President & Chief Operating Officer, and their management team regarding this engagement commitment.”
Randy Jones, Magma’s CEO, stated “The Miller Group, through its various entities, has been creating innovative business and financial solutions for growth companies throughout North America and the international marketplace since 1972. Magma continues to extend its global reach in Europe, Asia and South America; we’re looking to The Miller Group to assist us in driving our corporate growth and developing Magma’s long-term strategic and financial plan.”
SERVRX, INC., A LEADING ELECTRONIC WORKERS' COMPENSATION PRESCRIPTION CLAIMS PROCESSING COMPANY, SELECTS THE MILLER GROUP AS STRATEGIC ADVISOR
Scottsdale, Arizona (December 17, 2014) – ServRx, Inc., a privately owned company located in Scottsdale, Arizona, works with clients in 38 states to develop customized electronic solutions that are designed to accelerate the revenue cycle. The senior management group has experience with numerous types of clients, including independent pharmacies, non-pharmacy dispensing, and national chains. The Company’s executive team has processed over $3 billion in workers’ compensation and commercial prescription claims over the last decade.
Todd Delano, President and Chief Executive Officer of ServRx, stated, “We have strived to be leaders in the pharmacy claims processing market and therefore it was extremely important for us to locate the right company to assist us through current and future growth opportunities and take our business to the next level. ServRx recently engaged The Miller Group and we are excited to work directly with Rudy R. Miller, the founder of The Miller Group. He has a proven track record in working with high-growth middle-market companies and truly understands the opportunities and challenges facing expanding businesses.”
Randall Prust, MD, Chairman of the Board, remarked, “Mr. Miller’s business experience as an entrepreneur, public company CEO, and board member of numerous public companies including New York Stock Exchange corporations, is a major benefit for our growth Company. The Miller Group’s ability to work with lending institutions, as well as having the ability to make direct investments with its own capital and bring in co-investors, is a plus. ServRx has an excellent young aggressive senior management team and Mr. Miller’s mentorship of our executives is a critical component of our advisor engagement.”Rudy R. Miller, Chairman, President and Chief Executive Officer of The Miller Group, commented, “Our firm is extremely impressed with what Todd and his management team have been able to accomplish thus far and believe the Company’s processes, technology, and people skills are setting the standard in their industry. Therefore, our firm is pleased to have been selected by ServRx as its strategic advisor. ServRx is a unique company that has a number of compelling opportunities in their market niche.”
Mr. Miller continued, “We are enthused to bring our firm’s knowledge and experience to ServRx and look forward to assisting the management team in its efforts to maintain leading edge status in the claims processing market and achieve greater heights through the implementation of new strategies and execution of those plans.”
About ServRx, Inc. - ServRx was founded in 2011 by veterans of the pharmacy claims processing industry. Many claims processing companies rely on antiquated technology and IT infrastructure. ServRx uses the most sophisticated IT systems in the industry, which means its clients benefit from real-time adjudication and immediate payment confirmation. ServRx’s mission is to work closely with each client to develop solutions that maximize revenue cycle.
MILLER CAPITAL CORPORATION PROVIDES SUBORDINATED CREDIT FACILITY AND EQUITY CO-INVESTMENT
THE MILLER GROUP AWARDS SEVENTH ANNUAL RUDY R. MILLER BUSINESS-FINANCE SCHOLARSHIP TO ARIZONA STATE UNIVERSITY STUDENT
Scottsdale, Arizona (October 28, 2014) – The Miller Group announced its seventh annual Rudy R. Miller Business - Finance Scholarship has been awarded to Jade Tang, an Arizona State University (ASU) Senior pursuing a Bachelor’s of Science in Finance. Mr. Miller, Chairman, President and CEO of the affiliated group of Miller entities, originated the scholarship in 2008 to express his and his firm’s support of Arizona State University, in particular the W. P. Carey School of Business, and to encourage and recognize academic excellence in outstanding students. The Scholarship is determined by merit and awarded annually to a Junior or Senior pursuing a degree in Finance or Business Administration at ASU’s W. P. Carey School of Business.
In addition to earning an exceptional 4.0 grade point average, Ms. Tang has hands-on experience through multiple internships including Intel, Miller Russell Associates, and the Social Security Administration. She is active in her community as she volunteers for organizations such as Asian Chambers, National Association of Asian American Professionals, Japanese American Citizens League, and currently serves as Public Relations Officer for the Asian Business Leaders Association. Jade has accepted a position with Intel as a Business Financial Analyst. Her goal is to continue her growth in the business finance arena utilizing her finance degree as a cornerstone.
Rudy R. Miller commented, “We are honored to present our seventh annual Rudy R. Miller Business - Finance Scholarship to Jade Tang. Jade was chosen for her outstanding academic accomplishments and dedication to her community. With her ambitious internships and her committed work ethic, we feel confident Jade will achieve her targeted goals. We take pride in knowing we assisted such an exemplary student with a financial reward and mentorship that will assist in her professional journey and future endeavors.”
Thomas Bates, Department of Finance Chair and Associate Professor of the ASU W. P. Carey School of Business, remarked, “I am very pleased that Jade Tang has been selected to receive the Rudy R. Miller Business - Finance Scholarship. As a Senior at ASU, Jade has earned an impeccable academic record as a finance major, while also taking on several roles in service leadership and professional internships. My thanks go to Rudy Miller for his continued support of accomplished students like Jade.”
An award luncheon held at The Miller Group was attended by W. P. Carey School of Business representatives and The Miller Group Executives.
Recipients of the Rudy R. Miller Business - Finance Scholarship are chosen by the Executives of The Miller Group from a select group of W. P. Carey School of Business students pre-screened by the ASU scholarship program office. In the initial application process, students must provide their academic and employment information, their resume and answers to three essay questions based on leadership, career/educational goals, and why the student feels he/she wants and deserves the scholarship. Top candidates are then interviewed by Executives of The Miller Group.
RUDY R. MILLER - THE MILLER GROUP CORPORATE SCHOLARSHIP IS PRESENTED TO KELSEY CAYLOR
Rudy R. Miller (left) presented Kelsey Caylor (right) with the Rudy R. Miller - The Miller Group Corporate Scholarship on September 17, 2014. Ms. Caylor is a Senior at Arizona State University's W. P. Carey School of Business pursuing her Bachelor's Degree in Business Management.
The mission of the Rudy R. Miller - The Miller Group Corporate Scholarship is to recognize and honor deserving students who are judged on a number of factors including their academics, accomplishments, community service, character and other special circumstances, and are attending a four-year university within the United States. Applications are only accepted upon the request of an executive of The Miller Group and then selection is made internally and is on a case by case basis.
MILLER INVESTMENTS, INC. PARTICIPATES IN 12% HIGH-YIELD NOTE
MILLER INVESTMENTS, INC. ANNOUNCES EXERCISED PUBLIC WARRANTS IN NV5 HOLDINGS, INC.
The Miller Group Awards Sixth Annual Rudy. R. Miller Business-Finance Scholarship to Arizona State University Student and Member of the Military
Scottsdale, Arizona (October 14, 2013) – The Miller Group announced its sixth annual Rudy R. Miller Business-Finance Scholarship has been awarded to Jerad E. McDaniel, an Arizona State University (ASU) student pursuing his Bachelor's Degree in Finance. Mr. Miller, Chairman, President and CEO of the affiliated group of Miller entities, originated the scholarship in 2008 to express his and his firm's support of Arizona State University, in particular the W. P. Carey School of Business, and to encourage and recognize academic excellence in outstanding students. The Rudy R. Miller Business-Finance Scholarship is determined by merit and awarded annually to a Junior or Senior pursuing a degree in Finance or Business Administration at ASU's W. P. Carey School of Business.
The 2013 recipient, Jerad E. McDaniel, is a Senior attending ASU. Mr. McDaniel is working hard to become the first generation in his family to achieve a Bachelor's Degree. In addition to maintaining an outstanding grade point average, Mr. McDaniel serves as Lance Corporal in the United States Marine Corps Reserves ("USMC"). Through the USMC, Mr. McDaniel's leadership skills have developed and he strives to lead by example, actively listening, and earning trust and respect. Mr. McDaniel joined the USMC in order to give back to his community, the state and the nation. His community involvement includes overseeing and facilitating several Toys for Tots events through the USMC benefiting local families in need. Mr. McDaniel also volunteers for the Boys and Girls Club in Tempe, Arizona while working 25 hours per week as a Mortgage Specialist at JP Morgan Chase.
Rudy R. Miller stated, “We are very pleased to honor Jerad McDaniel as our sixth annual Rudy R. Miller Business-Finance Scholarship recipient. Jerad was carefully selected among a group of exceptional applicants for his academic achievements, hard work and commitment to his country. As a former member of the military myself, I am extremely proud of the praiseworthy qualities Jerad has displayed, and we value at The Miller Group.”
Thomas Bates, Associate Professor and Chair, Department of Finance of the ASU W. P. Carey School of Business, commented, “Jerad McDaniel is an outstanding student with an exemplary work ethic and an outstanding record of service to his country and community. I applaud Rudy Miller and The Miller Group for their recognition and financial support of our best and most deserving students.”
To honor Mr. McDaniel as the 2013 scholarship recipient, The Miller Group’s Senior Executives hosted a Boardroom luncheon attended by W. P. Carey School of Business representatives Thomas Bates, Associate Professor and Chair, Department of Finance; Jeanne Elliott, Business Relations Coordinator; Ashleigh Leite, Assistant Director, Development; Andrea Reed-Myers, Coordinator, Development; and Rodd Miller, guest. During the luncheon at The Miller Group’s headquarters in Scottsdale, Arizona, Rudy R. Miller presented a plaque and scholarship award to Mr. McDaniel.
Recipients of the Rudy R. Miller Business-Finance Scholarship are chosen by the Executives of The Miller Group from a select group of W. P. Carey School of Business students pre-screened by the ASU scholarship program office. In the initial application process, students must provide their academic and employment information, their resume and answers to three essay questions based on leadership, career/educational goals, and why the student feels he/she wants and deserves the scholarship. Top candidates are then interviewed by Executives of The Miller Group.
In conclusion, Rudy R. Miller remarked, “Our firm’s relationship and history of involvement with Arizona State University’s educational and athletic programs continue to grow with the annual awarding of the Rudy R. Miller Business-Finance Scholarship. With its standard for excellence, ASU is a renowned academic institution and our firm is proud to be an active supporter of the University and its students.”