LUXEMBOURG--(BUSINESS WIRE)--Tally-Ho Ventures, Inc., (OTCBB: TLYH), an international wealth
management company, announced today that its wholly owned subsidiary,
Master Finance Europe (MFE), has acquired Primus Produkt & Vertriebs
Management SA (Primus), a Swiss financial services firm with
approximately US $400 million in assets under management, for total
consideration of US $1 million. Terms call for an initial cash payment
of $400,000 plus $600,000 in shares of Tally-Ho to be delivered by the
end of 2007 based on Primus meeting certain profit goals. The
acquisition brings Tally-Ho’s total assets
under management to $2.25 billion.
“The Primus acquisition represents excellent
value for us, since we are paying approximately one times Primus’s
anticipated 12-month net earnings of US $1 million and at the same time
adding $400 million in assets under management,”
stated Nigel Gregg, Chief Executive Officer of Tally-Ho.
About Tally-Ho Ventures, Inc.
Tally-Ho Ventures is an independent international private wealth
management organization focused on serving the needs of small
institutions and high net-worth individuals throughout the world.
Forward-Looking Statements
This news 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.
