Allison Lee is the new SEC Commissioner

Allison Herren Lee was sworn into office on July 8 as an SEC Commissioner. Ms. Lee was nominated to the SEC by President Donald J. Trump and unanimously confirmed by the U.S. Senate.

“Allison’s expertise in securities law, including from her prior tenure at the Commission, will be invaluable to our efforts to advance the interests of investors and our markets,” said Chairman Jay Clayton. “Many of Allison’s former – and as of Monday, current – colleagues have expressed to me their support for Allison’s return. On behalf of all of my colleagues, Commissioners and staff alike, I am pleased to welcome her back.”

“I’m honored to return to the SEC and to work with the dedicated public servants on the staff, and my fellow Commissioners, to carry out the SEC’s critical mission,” Commissioner Lee said. Continue reading

Elad Roisman Sworn In As SEC Commissioner

Elad L. Roisman has been sworn into office as an SEC Commissioner by SEC Chairman Jay Clayton. Mr. Roisman was nominated to the SEC by President Donald J. Trump and his nomination was confirmed by the U.S. Senate on September 5. Commissioner Roisman fills a term that expires on June 5, 2023.

“It is my honor to welcome Elad back to the Commission,” said SEC Chairman Jay Clayton. “Elad’s broad experience and previous work at the Commission will serve Main Street investors and our markets well.”

“I am excited to have the opportunity to be back working with the talented and hardworking people at the SEC, as well as with my fellow Commissioners,” said Commissioner Roisman. “I look forward to engaging with them and the public to carry out the SEC’s important mission.”

Commissioner Roisman comes to the SEC from the Senate Banking Committee, where he served as Chief Counsel. He previously served as Counsel to SEC Commissioner Daniel Gallagher and prior to that, as a Chief Counsel at NYSE Euronext. He also worked as an attorney at the law firm of Milbank, Tweed, Hadley & McCloy LLP where he served as an associate in the New York office. Commissioner Roisman earned his bachelor’s degree in History at Cornell University and his J.D. at the Boston University School of Law.

Intellitronix Meets Exclusivity Terms of Robotics Distribution Agreement

Eastlake, Ohio, June 29, 2018 (Globe Newswire) — Intellitronix, a wholly-owned subsidiary of US Lighting Group (OTC:USLG), today announced that it has met the exclusivity term of its recently-enacted distribution agreement with Promobot LLC.

“We are now in position to develop a market in the U.S. for Promobot’s service-oriented robot,” said Intellitronix CEO, Paul Spivak. “The market for service-oriented robots in the United States is substantial and we believe the robot is more than up to the challenge.”

Recently, Intellitronix concluded an exclusive marketing agreement for Promobot for the United States under which the parties agreed to work together to develop new market applications. The U.S. Distribution Agreement is exclusive to Intellitronix for a five-year period, which renews automatically on both parties’ consent.

US Light Group, Inc. has issued 500,000 shares of common stock to Promobot LLC in lieu of a $600,000 cash payment which satisfies the terms of the U.S. distribution agreement. The Payment was a requirement of exclusivity on the part of Promobot LLC. The two companies are now working together to expand those applications. Continue reading