VFINANCE INC - WORLD HOMES INC - vFinance Capital, LC Completes Two Major Deals; Premier Investment Bank for Mid-Market High Growth Companies Closes Renex Corporation and World Homes Transactions
vFinance Capital, LC, the investment banking arm of vFinance Inc., has completed transactions for two of its clients, Renex Corporation and World Homes, Inc.
"As a result of the liquidity crisis in the equity markets, we have seen a significant increase in the demand for our investment banking services," said Timothy Mahoney, Chairman of vFinance, Inc. "Firms that utilized traditional investment banking services in the past are now challenged to find innovative solutions to meet their financial needs."
vFinance Capital represented Washington D.C.-based Renex Corporation in its sale to Seagull Holding N.V., a publicly traded Dutch software company. Renex specializes in Web-based emulation products for mainframe and midrange applications. Terms of the deal were not disclosed.
Additionally, vFinance Capital secured $1 million in equity financing from an institutional investor for World Homes, Inc. World Homes, headquartered in Madison, Wisconsin, provides revolutionary building techniques for the construction of affordable fireproof and earthquake proof housing using its proprietary material Z MIX(TM).
"The consolidation of the investment banking industry over the past ten years, combined with lower valuations, has left many solid growth companies without access to a premier investment bank," Mahoney said. "In order to service high growth businesses, an investment bank has to be international in scope, provide premium services and have detailed knowledge of the client's product, distribution channels and market. Together these factors will maximize shareholder ROI."
About vFinance, Inc.
vFinance, Inc. (OTCBB:VFIN) is a financial services company that provides investment banking and brokerage services to more than 14,000 corporate and private clients worldwide. The firm, with offices in New York, Atlanta, Boca Raton and 12 other cities, has more than $1 billion currently under management. vfinance.com, the company's Web site, is also the number one destination on the Internet for companies seeking capital, as well as institutional and high net-worth investors seeking dynamic high-growth companies. Each year, the site hosts more than one million investors and CEOs from over 50 countries. This huge audience creates a perpetual, global deal stream for VFIN's bricks-and-mortar financial service units.
TEL: 561/981-1081 Allison Hill, vFinance Inc. E-MAIL: allison@vfinance.com
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