NARI Retains CFGi for Incubation Services
Scandia, MN -- July 7, 2000 -- North American Resorts, Inc. (OTCBB:NARI), announces that it has retained Cyclone Financing Group Inc. (CFGi), to provide incubation services to NARI.
CFGi is a management company specializing in the start-up and incubation of publicly traded, small cap companies.
CFGi will be responsible for creating NARI's corporate vision, facilitating acquisition of a high-potential business opportunity to match that vision, recruiting a senior management team to build the business into a global presence, and laying the foundation for a listing on a major exchange.
CEO, Ben Traub states; "Our team of professionals excel in all aspects of the incubation process, including in-house legal, accounting, compliance, systems management, mergers/acquisitions, and early marketing support. Although NARI is a new client of CFGi, we have been preparing the groundwork for the past several months and expect developments to progress relatively quickly".
CFGi is * owned by its President, Mr. Ben Traub who is also NARI's largest beneficial shareholder and CEO. Mr. Traub has significant experience with start-ups. Included in CFGi's client roster is Phoenix Resources Technologies Inc., (OTCBB:PRTI).
CFGi competes with other incubators, including; Internet Capital Group (Nasdaq:ICGE), Rare Medium (Nasdaq:RRRR), Safeguard Science (NYSE:SFE), Acacia Research (NASDAQ:ACRI), Harris & Harris (Nasdaq:HHGP), London Pacific Group (NYSE:LDP) and CMGI (NASDAQ:CMGI).
CFGi has been retained by NARI at the rate of $50,000 per month plus reasonable expenses.
CONTACT:
North American Resorts, Inc.
Robert Seitz, 888-709-3976 or 604-646-5516
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