MONTCLAIR, N.J., March 05, 2019 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN), today notes that its Chief Executive Officer, Kevin M. Rendino, was appointed to the Board of Directors of Synacor, Inc., a portfolio holding of 180.

“We are excited to expand our engagement with Synacor,” said Mr. Rendino. “We believe Synacor is undervalued and the market has overlooked its transformation to growing, recurring revenues. We appreciate the opportunity to join its distinguished Board, where I can work closely with Himesh, its board members, and its management team to accelerate and expand high-quality revenue and profitability. This appointment is emblematic of our approach to work constructively with portfolio companies to build shareholder value.”

“We’re delighted to have Kevin join the Synacor Board of Directors,” said Synacor’s CEO Himesh Bhise. “Kevin shares Synacor’s commitment to profitability and high-value, recurring revenue. His passion and perspectives will be important as we drive shareholder and customer value.”

About 180 Degree Capital Corp.

180 Degree Capital Corp. is a publicly traded registered closed-end fund focused on investing in and providing value-added assistance through constructive activism to what we believe are substantially undervalued small, publicly traded companies that have potential for significant turnarounds. Our goal is that the result of our constructive activism leads to a reversal in direction for the share price of these investee companies, i.e., a 180-degree turn. Detailed information about 180 and its holdings can be found on its website at www.180degreecapital.com.