Steven Antebi Steps Down as CFO of IPSE, Replaced by Former CFO Dourgam Kummer

NEW YORK, NY – May 30, 2025 – Intellectual Property Securities Corporation (IPSE) today announced that Steven Antebi has stepped down as Chief Financial Officer (CFO), effective immediately. The company has named Dourgam Kummer as the new CFO and successor to Mr. Antebi in this role.

Kummer, who previously served as IPSE’s CFO and most recently as its Chief Administrative Officer (CAO), continued to manage key administrative and financial duties throughout Antebi’s tenure. He maintained the company’s books and records during this period, ensuring stability and consistency in IPSE’s financial operations. This ongoing involvement provides for a seamless transition as Kummer reassumes the CFO responsibilities.

Christian Frampton, Chief Executive Officer of IPSE, stated, “Steven has been a valuable part of our leadership team, and we thank him for his financial stewardship during his time here. We respect his decision to focus on other business endeavors and wish him the very best in his future pursuits. We are also pleased to welcome Dourgam Kummer back as CFO. His experience and ongoing oversight of our financial operations will ensure a seamless transition.”

Steven Antebi commented on his departure, saying, “I have more important business to do. It has been a privilege to serve as CFO of IPSE, and I am proud of what we have accomplished. I leave knowing the company’s finances are in capable hands with Dourgam and the team.”

Dourgam Kummer said, “I am honored to resume the role of CFO at IPSE. Having remained closely involved with the company’s finances, I will work to ensure continuity and uphold IPSE’s strong financial foundation. The company has an exciting road ahead, and I look forward to contributing to its success in this expanded capacity.”