- OTCCBB listing ASAP, AMEX within 24 months."The upgrade to the
OTC Bulletin Board will give our company the transparency that
investors require when deciding to become shareholders in a
financial company in the wake of the recent financial industry
turmoil, as well as related operational efficiencies resulting from
our efforts to streamline the organization". - CEO Ed Laborio
- quote of the week: "We anticipate being able to issue our
financials and have the conference call by year’s end. Our
goal is growth, and we intend to be a large presence in the
financial services industry in the very near future.”
- anticipate $1B AUM by early 2009. That = monster fund status or
top 5% of all funds.
- 'deals' since merger: Clary Asset Management, LLC., a Registered
Investment Advisor, National Lampoon (Strategic Relationship), 5%
ownership in Rib World, also pending: acquisition of three
investment firms that currently combined manage approximately $200
million in assets.
- $1M stock buyback program.
- addition of a new branch office in Columbus, Ohio and another one
planned for California.
- Share Structure: Common Stock Authorized: 250,000,000
Outstanding: 114,398,867 Public Float 1,015,087 Shareholders 850
Preferred Stock (Class C) Authorized: 1,000,000 Outstanding:
600,000 (100-1 voting right, owned solely by Edward M. Laborio).
Laborio’s intention is to surrender and retire the shares.
NOTE: Envit Capital Group, Inc. has sold approximately 6,000,000
Class B Common restricted shares and approximately 1,500,000 Class
A Preferred shares of Envit Capital, LLC under the securities act
of 1933 and in association with Regulation D and Rule 144. The
assumption is, these shares appear to have been converted into
Envit Capital common as previously stated would happen. ( 144
shares cannot be traded until after becoming fully reporting for 12
months ). At this time ( Oct 31 ) no freely trading stock has been
issued and no restricted stock has been issued to any friends,
family or promoters to date. The Board of Directors are also
exploring surrendering different outstanding classes of shares of
the ECGP in order to give current shareholders a better ratio of
ownership.
- Debt: As of August 25, 2008 Envit does not have any debt and has
adequate liquidity for operations. No toxic funding.
- Dilution: Envit will only pursue an injection of capital if the
use of proceeds is directed for
the acquisition of a revenue generating business.
- Audited Financials: ACSB & Co., LLP are currently preparing
taxes and audited financials.
- OTCBB Listing: It is also Envit's intention to move its listing
to the OTCBB as soon as they
adhere to current OTCBB listing requirements.
- Dividends: They intend to pay out quarterly dividends in amounts
that reflect management’s view of our financial
performance.
- Growth: Management estimates that that revenues generated for
2008 will be approximately above $4,000,000. Management is
intending to increase revenues by 3 to 4 times in 2009.
Plan of Operation
Envit will look to provide a range of investment banking services
to financial institutions, investment funds, and individuals. These
activities may include advisory assignments with respect to mergers
and acquisitions. Other activities may include public offerings and
private placements of a range of securities and other financial
instruments, including common and preferred stock, convertible and
exchangeable securities, investment-grade debt, high-yield debt,
sovereign and emerging market debt. Envit Capital currently does
not participate in any Investment Banking services.
Envit Capital Group, Inc (“Envit”) will derive revenues
from the several subsidiaries. The majority of revenues will
consist of Fees from Funds that some subsidiaries generate.
Envit’s plan of growth is to continue on acquiring existing
financial firms to increase our assets under management, in turn
increasing our revenues. Envit has been established to offer a
solution for institutional and high net worth accredited investors
seeking superior returns in public and private investments through
such investment vehicles as hedge funds, private equity funds, and
real estate funds. The General Partner’s for these Funds will
receive fees for assets under management, as well as performance
fees. Envit acts as a boutique independent management firm based in
Boston,Massachusetts. Envit plans to expand to several key cities
in order to establish new relationships with institutions and high
net worth individuals in such places like New York City, Dallas,
West Palm Beach, LA, Toronto, London, Rome, Frankfurt and Sydney.
