Capstone Technologies Group Inc. (OTC:CATG) Stock Gains Momentum: Here is Why

Considering the sort of operation that Capstone Technologies Group Inc. (OTC:CATG) runs, it may be of interest to a large number of investors. The company is regarded as one of the leading operators, acquirers, and developers of disruptive technologies.

On Monday, the company was in the news cycle after it announced that it had made a new appointment to its board of directors in the form of Maurice Evans. Evans is a former professional athlete, entrepreneur, and, more importantly, a sports executive with many accomplishments. He had a career in the NBA spanning 11 years, and during that period he represented a range of franchises like the Pistons, Magic, Lakers, Hawks, and Wizards, among others.

He co-founded a talent agency named The Molo Agency, which is known for providing top-notch representation to professional athletes. From 2009 to 2013, he also served as Vice President of the NBA Players Association. In fact, he had been the key negotiator when the 2011 deal for the NBA Collective Bargaining Agreement was completed.

That deal resulted in the average salary in the NBA rising to $8 million a year. In his capacity as a business executive and entrepreneur, Evans served in a number of C-Suite roles over the past decade and a half. He worked in start-ups as well as early-stage companies in the sports, medical, and technology spaces.

In his statement yesterday, Evans stated that he was excited to have become a member of the Capstone Technologies Group board. He went on to note that he was looking forward to working with the team at the company and creating value through the collective effort. The Chairman and Chief Executive Officer of the company, Mike Pruitt, noted that he was pleased to welcome Evans to his role at Capstone Technologies Group.