HOUSTON, March 1 /PRNewswire/ -- IVGCorp (OTC Bulletin Board: ITVI) today
announced that it has retained First Colonial Securities Group, Inc. for
investment banking matters relating to its capital structure.
Commenting on the announcement, IVGCorp's CEO, Elorian Landers, said, "The
relationship with First Colonial will help us continue to acquire, fund and
grow a network of profitable portfolio companies, targeting the areas of human
resources and technology. IVGCorp's relationship with First Colonial will
help drive our long-term strategy which includes providing e-commerce
solutions and other strategic resources that empower each portfolio company to
be a leader in its market."
"We are delighted to be involved with a company having the upside
potential of IVGCorp and are prepared to dedicate our expertise toward a
successful long-term relationship between parties," said Ben Lichtenberg, CFO,
First Colonial Securities Group. Mr. Lichtenberg continued, "Our investment
banking services will help IVGCorp capitalize on opportunities, leverage
strategic efforts and build shareholder value."
First Colonial Securities Group, Inc. is a regional investment banking and
full-service retail brokerage firm operating primarily in the Eastern and
Southeastern U.S. Along with other wholly owned vFinance subsidiaries, First
Colonial provides specialized investment banking services including venture
capital, private placements, and mergers and acquisitions advice.
IVGCorp, is a Houston-based holding and development company that acquires
human resource and promising companies that have a clear plan to achieve
significant revenues, profits and assets, and assist them by providing
financial guidance, business model creation and implementation, access to
equity resources, and technology. IVGCorp trades on the OTC Bulletin Board
under the symbol ITVI. For more information on the IVGCorp, visit
ivgcorp.com, or contact Richard Twardowski at 713-596-9313.
Safe Harbor Statement: This press release includes forward-looking
statements, including statements relating to the business strategy of IVGCorp.
These statements are made under the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995 and involve risks and uncertainties
that could cause actual results to differ materially from those in the
forward-looking statements. These risks and uncertainties include, among
others: risks relating to the ability of IVGCorp management to successfully
accomplish fund raising activities, the ability to achieve or sustain
profitability; limited operating history; possible financing needs; risks
associated with identifying and completing acquisitions; risks associated with
the integration of acquired technologies, operations and personnel; risks of
being deemed an investment company; exposure to unforeseen liabilities of
acquired companies; the requirement to record additional future operating
costs for the amortization of goodwill and other intangible assets, which
amounts could be significant; business conditions in the e-commerce and
Internet generally; the impact of market competitors and their product and
service offerings; and the economic, competitive, governmental, technological
and other factors identified in IVGCorp's filings with the Securities and
Exchange Commission. These factors are described in further detail in
IVGCorp's filings with the Securities and Exchange Commission, available
online at freeedgar.com
Contact: Richard Twardowski
Investor Relations
713-596-9308
Richard@ivgcorp.com
SOURCE IVGCorp
Web Site: ivgcorp.com |
