HOUSTON, March 30, 2006 (PRIMEZONE) -- Emerge Capital Corp. (OTCBB:EMGC) announced today that its wholly owned subsidiary, Corporate Strategies, Inc. (www.corporate-strategies.net) has signed a one year advisory services agreement with TRAC Financial Group, Inc. (Pink Sheets: TCFG). Emerge Capital CEO Tim Connolly will lead the mergers, acquisitions, and business development activities called for under the agreement. Emerge Capital has recently signed similar contracts with alternative energy provider Power Technology (OTCBB:PWTC), Elite Flight Solutions (OTCBB:EFLT), and others.
Jim Shipley, President and CEO of TRAC Financial Group, stated, "Emerge Capital and Corporate Strategies have a unique group of professionals experienced in the micro-cap public markets, and can significantly accelerate our growth as a public company. We are excited about the prospects of their contribution to our future." Tim Connolly, CEO of Emerge Capital, added, "TRAC Financial and its CEO Jim Shipley are exactly the type of clients that we want to support -- experienced, entrepreneurial, and fast growing. Consistent with our mission at Emerge Capital, we are providing our services for equity in TRAC, and believe that the Company's future plans for growth will benefit all shareholders; Emerge Capital included, of course."
About Emerge Capital Corp. -- Provides Business Restructuring, Turnaround Management, and Advisory Services for emerging and re-emerging public and private companies through its subsidiary, Corporate Strategies, Inc. (CSI). CSI helps micro-cap public companies accelerate growth, provides execution strategies, funding alternatives and in select cases, makes direct investments in our client companies. CSI markets its turnaround services to hedge funds, institutional investors, and banks that have significant exposure in troubled micro-cap public companies. CSI turnaround services are compensated with minimal cash payments, as the most significant part of our compensation is in outright grants of common stock, and/or warrants for purchasing common stock in the client company. This plan provides us with an opportunity to achieve significant returns on our equity participation, and aligns our interests with the client company and its shareholders because our ultimate compensation is determined by successfully increasing shareholder value.
About TRAC Financial Group, Inc. -- TRAC Financial Group is a financial services holding company. TRAC intends to actively pursue acquisition and merger candidates, consisting of mortgage brokers/bankers that are structured and operated to perform satisfactorily in any mortgage climate. The company intends to acquire entities with production that is comprised of entry-level FHA borrowers, as well as luxury home buyers with individual loans up to $2,000,000 or more. A new Web site is under construction and will be announced at a later date.
All statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations that are disclosed in this Press Release. While Emerge Capital Corp/Corporate Strategies, Inc. believes its forecasting assumptions are reasonable, there are factors that are hard to predict and influenced by economic and other conditions that are beyond Emerge Capital Corp/Corporate Strategies, Inc.'s control. Among the other important factors which could cause actual results to differ materially from those in the forward-looking statements are detailed in Emerge Capital Corp/Corporate Strategies, Inc.'s filings with the Securities and Exchange Commission.