Wednesday, December 22, 2010

Prominent Financial Industry Director Joins Lighting Science Group Corp. (LSCG.OB)

Lighting Science Group Corp. designs, develops, manufactures and markets light emitting diode (LED) lighting solutions. Its world-leading lighting solutions are environmentally friendlier and more energy efficient than traditional lighting products.

The company offers retrofit LED lamps in forms that match traditional lamps and bulbs. Lighting Science offers a product line which includes lamps, retail and commercial lighting products, products for public and private infrastructure for both indoor and outdoor uses, and custom solutions for special artistic projects.

Lighting Science Group announced today that Leon Wagner has joined the company’s board of directors. Mr. Wagner was a founding partner and director of GoldenTree Asset Management. This company is an alternative asset management firm which specializes in leveraged loans, high-yield bonds, distressed assets and equities in hedge, long only and structured funds. At the time of his retirement, the firm managed in excess of $12 billion in capital.

Prior to founding GoldenTree, Mr. Wagner was the co-head of high-yield sales and trading at CIBC World Markets. He joined CIBC in 1995 when it acquired the Argosy Group LLC. Mr. Wagner directed public and private placement marketing and structuring for high-yield issuance for both institutions.

From 1990 to 1993, Mr. Wagner was a partner in the high-yield boutique firm Dabney/Resnick and Wagner L.P. From 1986 to 1990, he served as a senior vice-president at Drexel Burnham Lambert in its high-yield department. From 1977 through 1986, Mr. Wagner served in a variety of positions at Shearson Lehman Brothers, ultimately becoming a senior vice-president of fixed income.

For further information about Lighting Science Group, visit its website at www.lsgc.com

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