Message #1 From:
Stock News Bot Date: November 18, 2005 05:49:32 AM
TLYH News Research Tally-Ho Ventures Message Board
Tally Ho Ventures, Inc. Retains Cozen O'Connor to Assist with the Nasdaq Stock Market Listing
Tally-Ho Ventures, Inc., a Delaware corporation and an international wealth management firm (TLYH.OB), announced today that it retained the legal services of the law firm of Cozen O'Connor to assist the Company in connection with applying for initial listing of the Company's securities on The Nasdaq Stock Market, Inc.'s Nasdaq SmallCap Market and related matters.
Cozen O'Connor is a full-service law firm with more than 550 attorneys practicing in the firm's 24 offices in the United States and abroad. The Cozen O'Connor Securities Practice Group offers expertise in a broad range of securities and corporate matters. The Cozen securities attorneys have developed an intimate insight into the inner workings of the Nasdaq Stock Market listing, corporate governance and listing and delisting processes and have advised many a public company, listing applicants and seasoned Nasdaq companies alike, in the challenging post-Sarbanes-Oxley Act legal environment.
Commenting on the engagement, Peter Smith, Chief Executive Officer said: "we are thrilled to have engaged a firm of this caliber and reputation. A NASDAQ(R) listing will enable our company to gain a broader market awareness which is a key element to our overall growth strategy".
Tally-Ho Ventures Acquires Master Finance Europe
Tally-Ho Ventures Inc., (OTCBB:TLYH), an international wealth management firm, announced today it has completed its acquisition of Master Finance Europe (MFE) for a maximum total consideration of $3.9 million. The Master Finance Europe group is a private wealth management organization focused on serving the needs of mid-wealth families and individuals in Luxembourg, Belgium and France.
Peter Smith, Chief Executive Officer of Tally-Ho Ventures stated, "We are truly excited about completing the acquisition of Master Finance and adding them to our growing family of companies. We were attracted to the company because of its solid background, excellent management and niche product base. The addition of 4,000 clients and $500m of funds under administration has now made Tally Ho a leading player in the wealth management industry."
The acquisition complements Tally Ho's previous acquisition of Belgravia-Intervest which is a private wealth management organization focused on serving the needs of families and high net worth individuals throughout the world. The combined group will have funds under administration of over $1 Billion and over 20,000 clients. This milestone has been the target of the company for some time and represents a significant move towards completing the business plan.
Master Finance has 20 proprietary brokers and a network of 200 outside agents. This doubles the current sales force and is a significant increase to the distribution base of Tally Ho. This figure is also 60% larger than the nearest competitor to Tally Ho. The acquisition also provides a vital step forward towards Tally Ho's stated intention of acquiring companies whose client base is the indigenous population of the country of operation rather than the more transient expatriate market. In addition some 17% of new business is provided by referrals from existing clients of the company. "Referrals in our industry are a significant indicator of quality performance and reinforced our decision to move forward with the acquisition" said Peter Smith.
Adding exclusive products from Clerical Medical, Merrill Lynch and the Prudential, among others, to the product portfolio of Tally Ho's companies will cement the reputation of Tally Ho among its clients as the product provider of choice.
Commenting upon the acquisition Emmanuel Wolf, Chief Executive of Master Finance Europe said, "We are delighted to be a part of such a well respected and growing company. We have the utmost respect for management and feel that the combined companies will add tremendous value for our clients. We are firmly behind the growth strategy of Tally-Ho and feel they will ultimately dominate the European financial management industry."
Tally-Ho Ventures Executes LOI to Acquire Master Finance Europe
Tally-Ho Ventures Inc., (OTCBB:TLYH), an international wealth management firm, announced today it has entered into an agreement to acquire Master Finance Europe (MFE) for a maximum total consideration of $3.9 million. The Master Finance Europe group is a private wealth management organization focused on serving the needs of mid-wealth families and individuals in Luxembourg, Belgium and France.
Peter Smith, Chief Executive Officer of Tally-Ho Ventures stated, "We are truly excited about the prospect of adding Master Finance and their prolific client base to our growing family of companies. By integrating Master Finance's operations onto our platform, we expect to provide added benefit not only to our shareholders, but to our customers as well. Our combined entity would have approximately $4 million in earnings as of the most recent period." He also added: "that as a result of this merger, we would manage approximately $1 billion and increase our footprint in very lucrative markets."
The acquisition complements TLYH's previous acquisition of Belgravia-Intervest. The Belgravia-Intervest Group is a private wealth management organization focused on serving the needs of families and high net worth individuals throughout the world.
Under the terms of the letter of intent, the operations of Master Finance are expected to become an operating subsidiary of Tally-Ho Ventures, with key members of the Master Finance management team entering into long-term employment contracts. The consideration contemplated for this acquisition includes certain performance milestones. Completion of the transaction is subject to final negotiation of a share purchase agreement, completion of due diligence and satisfaction of customary conditions to closing.
ABOUT TALLY-HO VENTURES Inc.
Tally-Ho Ventures is an independent private wealth management organization focused on serving the needs of expatriates, small institutions and high net-worth individuals. The company currently has 13 offices and is fully authorized to operate in 23 countries.
ABOUT MASTER FINANCE EUROPE
Master Finance Europe is a private wealth management organization focused on serving the needs of mid-wealth families and individuals in Luxembourg, Belgium, and France.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, the independent authority of the special committee to act on the matters discussed, the successful negotiation of the potential acquisition and disposal of transactions described above, successful implementation of the company's business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent Form 10-QSB and Form 10-KSB filings with the Securities and Exchange Commission.
Belgravia Intervest
Peter Smith
info@belgravia-intervest.com
www.belgravia-intervest.com
or
American Capital Ventures, Inc.
Howard Gostfrand, +1 305-918-7000
Cell: +1 786-271-4208
Fax: +1 305-466-1747
www.amcapventures.com
