FAVO Capital Appoints Gary F. Baumann as Independent Director to Strengthen Board Governance

FAVO Capital (OTC: FAVO) has strengthened its corporate governance with the appointment of Gary F. Baumann, Esq., as an independent director to its board. Baumann brings extensive legal expertise as a founding partner of Baumann, Gant, Keeley & Biondi, P.A., where he has accumulated over 25 years of experience in construction and commercial litigation. His background includes trying more than 70 civil jury cases and advising developers and financial institutions on compliance and risk management matters, skills that align with FAVO Capital's diversified operations across financial services and real estate segments.

The appointment reflects FAVO Capital's strategic focus on enhancing board independence and governance as the company pursues its next phase of growth. Shaun Quin, President of FAVO Capital, emphasized that Baumann's appointment demonstrates the company's commitment to building a board with the necessary experience and perspective to guide its expansion. Beyond his legal practice, Baumann serves on the board of Island Dolphin Care and is recognized as a speaker on ethics, construction law, and corporate governance topics, bringing additional dimensions to FAVO's leadership team.

FAVO Capital operates as a diversified financial company with 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 nationwide, having supported more than 10,000 businesses through the purchase of future receipts since inception. Complementing this 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 in Fort Lauderdale, Florida.

Investors can access additional company information through FAVO Capital's newsroom at https://ibn.fm/FAVO. The appointment of Baumann represents a significant step in FAVO Capital's ongoing efforts to enhance corporate governance and strategic oversight as the company continues to execute its growth strategy across both financial services and real estate operations. His expertise in construction law and commercial litigation is particularly relevant given FAVO's involvement in real assets and the compliance requirements of its financial services operations.