To: aleta who wrote (7967 ) 10/7/1998 5:11:00 PM From: James Bender Respond to of 12043
ednesday October 7, 4:47 pm Eastern Time Company Press Release Eutro Offers Full Financial Services JUPITER, Fla.--(BUSINESS WIRE)--Oct. 7, 1998--Eutro Group Holding Inc. (OTC BB:EUTO) announced Wednesday it has kicked off its commercial finance division. This is another implementation of its previously announced policy of steering Eutro to becoming a broad range financial services company. Through this venue Eutro will now have the ability to evaluate, package and process loans for acquisitions, expansion and debt consolidation. This allows Eutro to attract new clients and expand its current business. With this new addition, Eutro will quickly become a full service financial site for private and public companies. This is a multi billion-dollar industry that Eutro anticipates an increase in revenues of approximately $750,000 to $1,000,000 in the first year. The commercial division will be managed by a team with over 40 years experience in the finance business. Mack Hunter will head up the operation with the able assistance of Anthony Marinaro. Mack Hunter is a director of Eutro and CEO of Cypro Environmental Group Inc. Hunter attended Murray State College, Mastered in Accounting with a History Minor. He has 35 years in the financial field with experience in commercial leases and land, mortgages and consumer finance. He has been an independent consultant to banks and business in areas related to business development and financing. Anthony Marinaro is an Independent Broker and has over 15 years experience as a banker, broker and financial services consultant. Marinaro served as president of Envoy Funding Ltd. Inc. from 1984 through 1991. In this role, he actively worked to capitalize small to medium sized companies, negotiate arrangements for loans through institutional lenders and private investment sources. He consulted on matters of financial management, capital budgeting and strategic planning. Contact: