#United States #Langhorne #TEN Holdings #XHLD #Virgilio D. Torres

TEN Holdings, Inc. Appoints Virgilio D. Torres as New Chief Financial Officer

TEN Holdings, Inc., a prominent provider of event planning, production, and broadcasting services, has announced the official appointment of Virgilio D. Torres as its new Chief Financial Officer (CFO) effective June 30, 2025. This significant move is expected to bolster the company's financial strategy and operations as it navigates the competitive landscape of the events industry.

Background on Virgilio D. Torres

Mr. Torres brings a wealth of experience in corporate finance, having successfully led numerous organizations through complex mergers and acquisitions, capital raises, and the execution of strategic financial initiatives. His most recent role was as Vice President of Finance at Obsess Inc., where he played a pivotal role in shaping the company’s financial strategies. During his tenure, he oversaw various critical transactions, including a successful acquisition and debt financing, which significantly boosted the company's growth trajectory.

At Obsess Inc., Mr. Torres was instrumental in developing a robust revenue recognition framework and introducing an internal accounts payable system that enhanced operational efficiency. He ensured the organization's accounting functions adhered to Generally Accepted Accounting Principles (GAAP) and successfully led multiple independent audits to validate financial integrity.

Before his impactful stint at Obsess Inc., Mr. Torres held the position of Senior Manager of Corporate Finance and Strategy at Exactera LLC. He was responsible for managing the merger and acquisition pipeline as well as capital raising efforts integral to the firm's financial performance. His foundational experience in investment banking also sets him apart, having spent over five years where he engineered complex transactions, including high-yield debt instruments that facilitated mergers, corporate development, and refinancings.

Vision for TEN Holdings

The CEO of TEN Holdings, Randy Jones, expressed optimism about Mr. Torres's appointment, highlighting his extensive background in finance and mergers which he believes will elevate the company’s engagements with banking institutions and the investment community. Jones emphasized that Torres's proficiency will enhance the company’s ongoing strategic initiatives, capital-raising efforts, and acquisition strategies that drive shareholder wealth.

In response to his new role, Mr. Torres conveyed his eagerness to collaborate with TEN Holdings' management team to build upon the existing successes. He aims to leverage his experience in capital raising and financial operations to successfully execute the company's business strategy.

About TEN Holdings, Inc.

TEN Holdings, headquartered in Pennsylvania, specializes in organizing and executing a wide range of events, including virtual, hybrid, and physical formats. The company serves a diverse clientele with solutions tailored to the modern event landscape, supported by its proprietary Xyvid Pro Platform, which augments the virtual event experience.

As TEN Holdings continues to refine its operational capabilities and financial strategies, the appointment of a skilled CFO like Virgilio D. Torres stands as a crucial step towards achieving its ambitious goals and fostering sustainable growth in the evolving market.