FAVO Capital Strengthens Governance with Appointment of Legal Expert to Board

FAVO Capital (OTC: FAVO) has appointed Gary F. Baumann, Esq., as an independent director to its board, bringing over 25 years of legal and risk management experience to the diversified financial company. Baumann, a founding partner of Baumann, Gant, Keeley & Biondi, P.A., has tried more than 70 civil jury cases and has extensive background in construction and commercial litigation, advising developers and institutions on compliance and risk management matters. This appointment matters because it signals FAVO Capital's strategic focus on strengthening corporate governance as it navigates complex regulatory landscapes in both financial services and real estate sectors.

Shaun Quin, President of FAVO Capital, stated that Baumann's appointment reflects the company's commitment to building a board with the independence, experience, and perspective needed to guide FAVO's next phase of growth. Baumann also serves on the board of Island Dolphin Care and is a recognized speaker on ethics, construction law, and governance topics, adding further depth to FAVO's leadership team. The implication of this move is that FAVO is positioning itself to better manage legal and compliance risks while pursuing expansion, which is crucial for maintaining investor confidence and operational stability in highly regulated industries.

The appointment comes as FAVO Capital continues to operate across two primary business segments: financial services and selective real assets. Through its financial services division, the company provides alternative, revenue-based funding solutions to small and mid-sized businesses across the United States. Since inception, FAVO has supported more than 10,000 businesses through the purchase of future receipts, establishing itself as a significant player in the alternative lending space. This growth trajectory makes robust governance structures increasingly important to mitigate risks associated with scaling operations and entering new markets.

Complementing its lending platform, FAVO is building a portfolio of stabilized, cash-flowing real assets that strengthen its balance sheet and broaden its collateral base. The company maintains operations in Florida, New York, and the Dominican Republic, with headquarters located in Fort Lauderdale, Florida. FAVO Capital emphasizes its commitment to financial transparency, sustainable growth, and long-term value creation for shareholders. Baumann's expertise in construction litigation and commercial law directly supports the real asset segment, potentially enhancing due diligence and risk assessment in property acquisitions and developments.

Investors can access the latest news and updates relating to FAVO through the company's newsroom at https://ibn.fm/FAVO. The full press release detailing Baumann's appointment is available at https://ibn.fm/pXqq0. This strategic board addition positions FAVO Capital to navigate complex regulatory environments while pursuing growth opportunities in both financial services and real asset investments. The importance lies in how independent directors with specialized legal backgrounds can provide oversight that aligns with best practices in corporate governance, potentially reducing legal exposures and fostering sustainable expansion in competitive markets.