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Global Rainmakers Appoints James M. Demitrieus as Chief Operating Officer
Date:10/16/2010

NEW YORK, Sept. 21 /PRNewswire/ -- Global Rainmakers, Inc. (GRI), a Puerto Rico based intellectual property holding company and advanced R&D laboratory, today announced the appointment of James Demitrieus as Chief Operating Officer.  Demitrieus will be responsible for overseeing firm operations as it diversifies its product offering and expands global deployment.

Demitrieus, 62, comes to GRI with over 30 years of experience implementing a strategic vision, building new businesses, and turning around underperforming operations. He has a proven track record of value creation, including leading successful IPOs and restructuring and refinancing multi billion dollar enterprises including IXnet, IPC Communications, Aluma Systems, and the GasServ division of Harsco Corporation (HSC).

Before joining GRI, Demitrieus served as the President of Sherwood Valves, a division of Harsco Corporation, a $4 billion industrial services conglomerate, where he was hired to turn around the company.  He successfully completed this project and led the sale of Harsco's GasServ division to Chicago based private equity buyers in a very challenging financial environment.

Previously, Demitrieus also served as the President and CEO of Alumna Systems, Canada's largest industrial provider of access-industrial scaffolding and concrete forming and shoring services, where he spearheaded their restructuring and turnaround efforts. In this position, he added substantial top line revenue, doubled operating profit in 24 months, and reestablished Aluma's international presence with a focus on Dubai, the Middle East, and Asia. In 2005, he led the sale of Aluma to a major New York private equity firm.

"GRI is at an inflection point and the addition of Jim to our management team will help this company grow into the international powerhouse we will become.  His experience helping grow companies will be invaluable to Global Rainmakers as we further commerc
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SOURCE Global Rainmakers, Inc.
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