Formerly=Nutribrands, Inc. until 4-05
SJCH -- St. James Capital Holdings, Inc.
Com ($0.001)
Address:
245 Park Ave.
39th Floor
New York, NY 10167
USA
Website: stjcapital.com
Phone: 212-672-1878
Fax: 212-792-4001
Business Description:
Provider of Corporate and Structured Finance Services to companies seeking admission to public equity markets, providers of short vterm equity financing, property development and controls a portfolio of quoted and unquoted equities.
State of Incorporation: NV
Year of Incorporation 2001
Officers:
Stephen Craig Lumb, Pres. & Sec't.
Fiscal Year End: December 31
Outstanding Shares: 150,229,568 as of 2005-05-01
Estimated Market Cap: Not Available
Authorized Shares: 2,000,000,000 as of 2005-05-01
Current Capital Change:
Dividends:
Company Notes:
Formerly=Xcelarator Interactive, Inc. until 6-04
Formerly=Harley Street Clinics, Inc. until 10-04
Formerly=Nutribrands, Inc. until 4-05
United Kingdom Office: St James Resource Management Limited, Second Floor, Berkeley Square House, Berkeley Square, London, W1J 6BD, United Kingdom. Phone #: + 44 (0) 207 887 7887
Transfer Agent:
First American Stock Transfer, Phoenix, AZ 85022-6642
St James Capital Holdings, Inc. Announces Completion of Private Placement for Nutribrands, Inc.
Company Completes a Cash Placement for Nutribrands, Inc. and Acquires Additional Shares
Distribution Source : Market Wire
Date : Monday, May 23, 2005
NEW YORK, NY -- (Market Wire - May 23, 2005) -- St James Capital Holdings, Inc. (OTC: SJCH) ("St James") announced today that its client, Nutribrands, Inc. has successfully completed a Private Placement of its shares of Common Stock for cash. This was managed by St James, who also acted for Nutribrands, Inc. in the placement of these shares
St James, through its acquisition of the St James Resource Management Limited Group of Companies, owns an amount of 760,000 shares of Common Stock in Nutribrands, representing 0.54% of Nutribrands, Inc.'s outstanding shares. This shareholding was derived from the settlement by Nutribrands, Inc. of fee notes due to St James in respect of Corporate Advisory, Placement and Management fees. St James has now acquired a further amount of 6,100,000 shares of Nutribrands, Inc. Common Stock from various substantial stockholders in Nutribrands, Inc. St James now holds an amount of 6,860,000 shares in Nutribrands, Inc., representing 4.9% of Nutribrands, Inc. outstanding shares of Common Stock. St James settled the cost of this acquisition through the issue of its restricted shares of Common Stock.
St James does not intend to increase its holding in Nutribrands, Inc. and will remain as the Corporate Advisor to Nutribrands, Inc. St James is now proceeding with an application to admit the Nutribrands, Inc. shares for trading on the OTC Pink Sheets Market. St James will keep its shareholders updated on the progress of the Nutribrands, Inc. admission to the OTC Pink Sheets Market.
Nutribrands, Inc., through its subsidiary companies, is engaged in the business of the marketing, promotion, development and sale of branded Wellness and Sports supplements in the European Union. Nutribrands, Inc. also holds the manufacturing and distribution rights for the "Nutrimax" range of wellness and sports supplements for the European Union, which having been proven to be one of the most successful selling brands in the Southern hemisphere. In addition, Nutribrands, Inc. also holds the exclusive distribution rights for "Myogenix" and "MAN" sports supplement brands for the European Union, HDT Supplements for the United Kingdom and "Metabolic Augmenting Nutrition" Sports Supplements for the United Kingdom.
Stephen Lumb, the President of St James Capital Holdings, Inc., said today that he was delighted with the progress of the Nutribrands, Inc. Group of companies. Stephen Lumb and stressed that the confidence shown in Nutribrands, Inc. and its Management Team by St James was testimony to the strength of the Nutribrands, Inc. Management Team and for Nutribrands, Inc.'s enormous growth potential. Stephen Lumb has been intimately involved in Nutribrands, Inc. over a period of time and is convinced that the admission of Nutribrands, Inc.'s shares for trading on the OTC Pink Sheets Market would greatly enhance its (and St James's) shareholder value and its growth prospects.
St James Capital Holdings Inc. controls the UK-based St James Resource Management Limited Group ("Resource Group") of Companies which operate primarily in the business of Structured and Corporate Finance and the advising of clients on capital raising, mergers, acquisitions, structuring / restructuring and on admission to equity markets in the United States. Resource Group invests on a short-term basis in these companies as well as providing short-term capital prior to their flotation on the USA equity markets. Resource Group places lines of stock in these client companies for cash, post their admission to USA equity markets. Resource Group also holds a portfolio of development Real Estate in the United States. Resource Group has a net asset value of in excess of US$120 million and posted earnings in excess of US$4 million in the last financial year. Resource Group has in excess of twenty new clients which are in the process of seeking admission to the USA equity markets at this time as well as a number of existing clients whose stocks are quoted on the OTC BB Market and on the OTC Pink Sheets Market.
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the Company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission. These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements.
For further information contact:
Stephen Lumb
St James Capital Holdings, Inc.
sclumb@stjcapital.com
press.arrivenet.com |
