IVGG - To close $900M Merger?
QUICK FACTS:
· Ticker Symbol: "IVGG"
· Traded: OTC/Bulletin Board, symbol: IVGG
· Public Float: Apx. 2,700,000
· Website: www.ivgcorp.com
· SEC Filings: www.freeedgar.com
· Contact: Richard Twardowski (713) 596-9308
KEY INVESTMENT POINTS TO CONSIDER: IVG CORP
IVG to experience Paradigm Shift as they prepare to close the SES (over $900 MILLION in revenues) DEAL.
NOW is the time to move on IVG Corp stock (OTC-BB Symbol IVGG).
Buy NOW!!! After closing this deal IVG Corp is going from a company with $1 Million in revenues to a company with over $900 MILLION in revenues!!!
This acquisition places IVG Corp in the position of being a truly NATIONAL PEO organization.
WHAT IS A PEO?
U.S. business owners continue to accept and adapt to the model of "out-sourcing" various business functions. Think of a PEO as a way for a business owner to "out-source to SES" the complete management of day-to-day employee benefits, e.g. Medical, Dental, retirement plan administration, workmans comp., and other "clerical" employment related matters.
WHAT IS THE BENEFIT TO THE EMPLOYER?
One of the main benefits is achieving COMPLIANCE with complex Federal and State regulations regarding the administration of these plans. By transferring to SES the plan administration, employers can either reduce or eliminate their liability in the compliance area.
Secondly, current Human Resource employees are freed up to assume other responsibilities, thereby realizing a significant cost savings.
Third, business managers can focus on the execution of the business model, and not spend valuable time on "paperwork" intense, complex Human Resources functions!
Fourth, employers are able to provide their employees with premium quality benefit plans that are, in many cases, negotiated by SES. Given the size and number of employees serviced by SES, considerable group "buying power" is now available to both large and small business owners.
Fifth, economies of scale are achieved in areas that most business owners would never be able to achieve on their own. Resources are available through SES that are in many cases not available to many business owners, especially smaller businesses. This allows virtually any size company to offer benefit packages that aid in the recruitment and retention of key employees. The "dollar value" of this fifth item is difficult to calculate, but business owners will verify that recruitment and retention of key employees is one of their main management challenges. Increasing the quality and attitude of employees can result in intangible but very valuable business benefits.
Sixth, new benefit plans can be offered to employees that are now cost effective. Programs such as corporate travel programs can be more easily managed. New benefit programs, such as "payroll deduction" travel benefits can be offered and effectively managed as "Internet based" travel agents are introduced. Employee groups benefit from their mass purchasing power.
WHO IS SES AND WHAT IS THEIR MARKET SIZE?
SES-Corp, Inc, is the nation's largest privately held, full service Professional Employer Organization (PEO). SES was recently named to a Forbes listing of America's Top 500 private companies. Based on SES' un-audited financial statements at and as of the nine months ended September 30, 2000, SES had assets of approximately $30 million, revenues for the nine-month period of $690 million. SES has ten offices in nine states, and operations in forty-two states and provides services to over 3,000 client employers and more than 40,000 work site employees throughout the United States.
HOW BIG IS THE PEO MARKET?
The PEO industry is one of the fastest growing industries in the private services sector. The PEO industry began in the 1980s with the introduction of employee leasing. Subsequent tax law clarifications occurred and PEO plans are now recognized and endorsed by such organizations as the IRS, The Department of Labor, etc.
The adoption of the PEO concept has been accelerated by the "recent shift" whereby companies have learned the value of out-sourcing various business functions. The idea of out-sourcing non-essential, employee management functions to the "experts" who specialize in providing this type of service has been welcomed by business owners who are continually seeking ways to achieve higher profitability levels. Industry experts project estimates that the PEO industry gross revenues (1991 to 1998) increased from $5.0 billion to $26.4 billion, an annual growth rate of approximately 26.8%.
Future industry growth seems assured as consolidation of the currently highly fragmented (more than 2,500 companies currently providing PEO services) are acquired and merged into a few "industries leaders". The SES/IVG Corp merger provides a vehicle for the company, now realizing the effects of their combined capabilities, to maintain a dominant position of leadership in this industry.
Since most existing PEO organizations are regional, the SES/IVG Corp merger creates a company with the technological infrastructure already in place to be one of the few organizations with the ability to provide PEO service to major NATIONAL employers.
The potential market for PEO services is estimated to be over $1 trillion. Existing PEO's continue to primarily target customers with fewer than 500 employees, employ 53 million people (more than half the entire work force). Industry observers estimate that PEO's have penetrated only between 2% and 3% of this market. Future growth rates, experienced by companies in this sector, can be very explosive.
HOW DOES SES DO IT?
First, the SES company slogan reflects the attitude of management, the "I CAN COMPANY" approaches each situation with the attitude that the employee is their customer and that a satisfied employee creates a satisfied employer. The desire to provide exceptional "customer" service to both employer and employee is first and foremost in each SES employee.
Secondly, the blending of the desire to provide first quality service and the utilization of technology results in instant execution of employee service requests. SES offers an "online" access system allows employers to directly access and input changes to employment records. A salary change for example, initiated by direct input by the employer, results in extremely "cost effective" administration of employee benefit plans.
What is IVG Corp's future plans?
IVG Corp's strategy is to develop the PEO segment as one of the Company's core E-market sectors. It is their intention to build revenues to the $1.5 billion level for fiscal 2001. Increased profitability goals, emphasizing the need to support and enhance the value of IVG Corp common stock is a primary focus of management.
As profitability models are achieved, established corporate valuation methods should provide considerable enhanced shareholder value. One competitor, listed on the NYSE, trades at a PE Ratio of 30 times.
Why invest in IVG Group?
With the addition of SES to IVG Corp's established and existing equity positions in their portfolio companies, (see Corporate Holdings section below) IVG Corp is poised to provide investors with a unique opportunity. An investor seeking to participate in a high growth company that is taking an established management team and applying both their talent and state of the art technology to the fragmented, un-consolidated PEO, and you have an investment with enormous growth potential. This IS THE COMPANY TO INVEST IN!!!
Corporate Holdings:
o IVG Corp. acts as a HOLDING COMPANY offering shareholders an equity position in an expanding portfolio of start-up RAPID GROWTH companies.
o The "synergistic effect" created when IVG MANAGEMENT merges target market companies with management expertise.
o IVG shareholders acquire an 88% equity position in Swan Magnetics and Swan is developing a proprietary disk drive technology.
o Through Swan Magnetics, Inc., IVG shareholders also acquire a 46% interest in iTVr, a broadband internet appliance company located in Santa Clara, CA.
o IVG represents an investment in a dynamic company providing strategic partners the opportunity to achieve rapid internet expansion, website development and product distribution.
o An equity ownership position in SES-Corp, Inc, the nation's largest privately held, full service Professional Employer Organization (PEO). SES was recently named to a Forbes listing of America's Top 500 private companies. Based on SES' un-audited financial statements at and as of the nine months ended September 30, 2000, SES had assets of approximately $30 million, revenues for the nine-month period of $690 million.
o Equity position in GeeWhiz.com. GeeWhiz operates a vertical business portal e-commerce web site designed to access and service the promotional products, gifts, and souvenir markets. GeeWhiz has principally been engaged in the sale of its proprietary Starglas line of fiber optic illuminated drinking containers. GeeWhiz intends to become the first one-stop-electronic-shop for purchasers, sellers, inventors and suppliers of innovative specialty and gift promotional items that are inscribed with unique identifying branding.
o IVGCorp stock holders acquire a 35% equity position in CyberCoupons, Inc. CEO, Elorian Landers stated, "Our investment in CyberCoupons continues our overall strategy to make early stage investments in leading edge e-commerce companies that have the potential to generate substantial revenues and profits. CyberCoupons' business model represents a fundamental paradigm shift for the coupon distribution and redemption industry that allows manufacturers, retailers and consumers to take advantage of the tremendous cost savings represented by the electronic internet "bridge" between the public (data point) and the retailer (data processor). Coupon "management" systems represent a dynamic improvement for all parties.
Company Information
IVG Corp Inc.
13135 Dairy Ashford # 525
Sugarland, Tx. 77478
ABOUT IVG CORP
IVG Corp is a human resource and technology holding company whose mission is to invest in a basket of early stage B2B, B2C and Click-and-Mortar ("CAM") transitional e-commerce companies. IVG's goal is to increase the value of IVG stock through these acquisitions and subsequent spin-outs of its portfolio companies into stand alone public companies. The IVG business model is to acquire target companies and to facilitate the rapid development and deployment of the portfolio company's Internet concept. The Company's strategy of using its publicly traded stock to acquire early stage e-commerce companies will leverage the company's e-commerce business model by applying the resources of IVG. The core of these resources include: the resident entrepreneurial guidance of IVG executive management, the diverse business skills of IVG's board of advisors, the value added resources of other IVG portfolio companies and the e- commerce enabling technologies, corporate development skills, and!
financial re sources of IVG strategic partners.
About IVG Corp: Management Team
Elorian Landers, President of IVG Corp., stated, "Our new name, IVG Corp., reaffirms that our strategic focus extends beyond the Internet. Additionally, it complements our efforts to create a single brand for our acquired companies, regardless of the nature of their business".
Elorian Landers, President and CEO
Serving as President and CEO of IVG, Mr. Landers was the founding principal of GeeWhiz.com, Inc. Mr. Landers has primary responsibility for the day-to-day management of the Company's affairs. Mr. Landers will focus on the acquisition of Portfolio Companies and the formation of strategic business alliances. Mr. Landers brings to the Company many years of specific expertise in corporate development and finance.
Mr. Landers has successfully orchestrated the early stage capitalization and corporate development of several public companies. Mr. Landers has served as an officer and director of several companies from early development stage to public company status. He has extensive advertising agency experience and expertise. Mr. Landers was a founder and partner of South Coast Venture Group, which funded several technology based companies.
Mr. Landers holds a B.A. in Advertising from Art Center College in Pasadena, California. He also attended Texas A & M University studying Architecture.
Eden Kim, Chairman
Serving as Chairman of the Board and Entrepreneur in Residence. Mr. Kim will be responsible for the long term strategic positioning of the Company and the development of business models for Portfolio Companies. Mr. Kim has specific expertise in strategic corporate development, technology development, strategic alliances and corporate partnering. Mr. Kim is the founder, President and Chairman of Swan Magnetics, Inc., a disk drive high technology company in the Silicon Valley. Mr. Kim's management duties at Swan included directing the Company's business development as well as establishing and maintaining Swan's key strategic alliances.
Under Mr. Kim's guidance, Swan raised debt and equity financing, acquired companies in stock exchange transactions, and established strategic working relationships with world class high technology companies including Hewlett Packard Co., SEGA Enterprises Co., Ltd., Mitsubishi Chemical Co., Ltd., Emtec Magnetics GmbH, JTS Corporation, CSK Venture Capital and others. Mr. Kim has founded several high technology companies in the hard disk drive industry and other companies in the water purification industry. He has led successful research and development programs and product introductions. Mr. Kim has experience in acquiring companies through stock, debt and cash transactions. In addition, Mr. Kim has established distribution channels in the Asian Pacific Rim and has orchestrated corporate mergers and acquisitions. Mr. Kim is an attorney and a member of the California State Bar Association.
Thomas McCrimmon, Director
Mr. McCrimmon serves as a member of the Board of Directors. Mr. McCrimmon is a principal of and the Managing Director of Chatham International, Inc., an international financial services company headquartered in Tampa, Florida. Mr. McCrimmon has special expertise in the areas of corporate securities, public offerings and corporate finance.
Eduardo Orillac, Director
Serves as a member of the Board of Directors. Mr. Orillac is the founder and Chief Executive Officer of T-Shirts Interamerica, a leading Panamanian company involved in screen-printing and manufacturing of garments, promotional products and gift/souvenirs internationally. Mr. Orillac also is a founder and director of Zetta CentroAmerica y Caribe, a leading color separation and large image reproduction company and Multimedia Live, Inc. which is an Internet service provider in The United States and Latin America.
About the exciting CyberCoupon concept:
CyberCoupons has developed cutting edge technology that can revolutionize the multi-billion dollar coupon industry as we know it today," stated Rodney Hamp, CEO of CyberCoupons, Inc. "CyberCoupons is now engaged in test marketing programs with national and regional grocers, utilizing real-time electronic clearing and demographic capabilities
WHERE TO FIND COMPANY PRESS: ivgcorp.com
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