UPDATE! NEWS RELEASE!
This just out from CVIA. Appears in YAHOO news.
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Corporate Vision receives $1.5 million in financing
TULSA, Okla.--(BUSINESS WIRE)--April 10, 1997--
Capital to fund growth through strategic acquisitions
Corporate Vision, Inc. (NASD BB:CVIA) a multi-media production company which develops custom CD-ROM applications using high impact, animated, interactive presentations used by Fortune 500 corporations in their training and marketing programs, announced today that as part of its corporate capitalization plan, Select Capital advisors, Corporate Vision's Miami-based investment banking firm, has arranged financing for a total of $1.5 million in convertible high yield corporate bonds to support the company's plans to expand through a series of strategic acquisitions.
Sheryl Mabie, president of Corporate Vision, stated "Our growth strategy is to continue to build our revenues by acquiring profitable companies which complement our services and have a geographic and
marketing fit. Our goal is to become the first multi-media communications company with a presence throughout the U.S. Select Capital Advisors represents a strong link to the capital that we need to finance our growth, and it is an important partner in our strategic development plans."
The market for Corporate Vision's products and services is currently estimated to exceed $48 billion, as spending for corporate training and communications programs continues to reach higher levels.
Every day, more and more corporations are choosing to add video and other multi media programs into their budgets in efforts to compete in an increasingly hi-tech corporate culture. Mabie added, "As our
industry evolves toward increasing interactivity, we are pleased to be on the cutting edge of new technology."
Select Capital Advisors is an international financial services holding company with offices and affiliates worldwide which provides small to medium sized emerging growth companies with a wide range of
investment banking services including international equity offerings, structured finance, mergers and acquisitions, venture capital financing, and bridge loans. Select's annual report dated January 15,
1997, announced successfully completed investment banking transactions totalling more than $493 million for 1996.
CONTACT: Lynne Sifford
305/856-5668
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GREAT NEWS! I expect to see some upward movement now that's solid.
Hope so, anyway.
Brad |
