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Broadsign’s Largest Shareholder In Trouble

Wed, Oct 1, 2008

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In 2007 Rick Engels, former chief financial officer of Petters Group Worldwide, was appointed CEO of BroadSign International Inc….

MINNETONKA, Minn., May 17, 2007 — Broadsign International, a worldwide provider of digital signage software, announced today that Patrick (Rick) J. Engels will join their organization as President and Chief Operating Officer. He comes to Broadsign from Petters Group Worldwide, where he served as their CFO and Media/Marketing portfolio manager.

It’s probably not good for Broadsign that Petters Group, who just happen to be Broadsign’s largest shareholder, is currently under US Federal investigation.

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