DEL MAR, Calif., Dec. 13, 2005 (PRIMEZONE) -- Pacificap Entertainment Holdings, Inc. (OTCBB:PFEH) (PFEH) (http://www.pacificapentertainment.com) is pleased to announce the hiring of Larry Fortune as Director of Capital Markets.
Mr. Fortune has spent the last fifteen years as a financial consultant professional, holding various positions in management and, most recently, Vice President of Equity Marketing at Ocean Avenue Advisors. Fortune was Senior Vice President of United Companies Financial, a $5 billion financial services company. There he directed a $20 million equity-marketing budget. At PFEH, Mr. Fortune will direct operations related to the public markets and create awareness for the company. He will manage investor relations in terms of project funding.
PFEH president Ed Litwak said: "Fortune brings a wealth of knowledge and experience to PFEH stretching from financial marketing to investment banking consulting. The 15 years of professional experience combined with his industry knowledge, means that Fortune is a quality addition to the management team. We are counting on Larry's leadership to build our brand in the investor community. We are very fortunate to have him on board."
The statements made by Pacificap Entertainment Holdings, Inc. (the Company) may be forward-looking in nature and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe the company's future plans, projections, strategies and expectation, and are based on assumptions and involve a number or risks and uncertainties, many of which are beyond the control of Pacificap Entertainment Holdings, Inc. Actual results could differ materially from those projected due to changes in interest rates, market competition, changes in the local and national economies and various other factors. The Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date hereof to reflect the occurrence of unanticipated events. Please refer to the Company's filings with the SEC for additional information regarding risks and uncertainties listed from time to time in such SEC reports. Copies of those filings are available through the SEC's electronic data gathering analysis and retrieval system.