About xG

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Richard L. Mooers, Chairman & CEO

In 1985, Rick graduated summa cum laude from the University of Maine, United States, with a bachelor of science degree in business administration. He trained as a certified public accountant and subsequently worked at various accounting firms, including Kenneth Foster & Co CPAs and MacDade Abbot & Co CPAs, in the Northeast US from his graduation until 1991.

In late 1991 Rick joined Dominion Group Limited, an investment/merchant bank which specialized in the technology, agriculture and environmental industries, initially as director of corporate finance. He subsequently became CEO of that company. In these roles he gained a wide range of both international and US experience, including being involved with a number of businesses in various stages of development, including start-ups, commercializations and public offerings.

Rick co-founded Mooers Branton & Company and  MB Merchant Group, LLC with Roger Branton in 1997.  Mooers Branton & Company is an international merchant bank which provides early-stage financing to emerging businesses in the technology, hospitality and real estate sectors. Mooers Branton & Company manages its portfolio of investments through the privately held company,  MB Merchant Group, LLC.

Rick's merchant banking work has given him a wide range of international experience, including experience in restructurings, turnarounds and mergers and acquisitions. Together with Roger Branton and Joe Bobier, Rick co-founded xG Technology, Inc. in August 2002.

As a merchant banker, Rick from time to time takes on operational roles in portfolio companies. That is the case with xG Technology, Inc. where he presently serves as Chairman & CEO on a full-time basis. Drawing on his varied experiences as a serial entrepreneur from a merchant banking platform, Rick is a generalist in a world of specialists. For example, he possesses a working knowledge or better in areas such as management, finance, accounting, tax; international dealings, restructurings/turnarounds, business start-ups, mergers and acquisitions, securities, legal, investment banking, consulting, negotiating and structuring transactions, licensing; regulatory issues, and most importantly risk management. Rick has both international and US-based experience. Rare and uniquely beneficial to an early stage company, he brings this multinational experience, as well as his key international relationships, to xG Technology, Inc. Rick has been involved in leading the various stages of business from start-up to private placements to commercialization to IPO to exit.

On a day–to-day basis within xG Technology, Inc., Rick’s responsibilities include a) communicating the vision and message of the business; b) key relationship management; c) liaising with media and advisors; d) management of the business; and again most importantly e) risk management. He strives to effectively execute on his responsibilities while simultaneously aligning the goals of various parties. First and foremost, he ensures that the goals of the Company are aligned with those of the shareholders. Likewise, he ensures appropriate incentives are in place to provide for the alignment of the goals of various external relationships such as customers and key vendors with those of the Company.