BOSTON, April 29, 2009 (GLOBE NEWSWIRE) -- Envit Capital Group, Inc. (Pink Sheets:ECGP), a holding company for financial entities, today announced the acquisition of 20% of Strategic Asset Consulting, Inc., a registered investment advisor located in Memphis Tennessee. Also including in the purchase was 20% of Advanced Asset Trading, Inc., a broker/dealer. The Acquisition is for an undisclosed cash consideration. The remaining 80% of each company will be purchased at a later date, commencing upon the approval from the appropriate regulatory agencies.
ABOUT
The Envit Capital Group, Inc. (Envit Capital) is a development stage boutique investment banking, securities and investment management firm that will provide a range of services to a client base that will include business, institutions, and high-net-worth individuals. Its objective is to be active in all three of the following segments: Investment Banking, Trading and Principal Investments, and Asset Management and Securities Services.
The Envit Capital Group, Inc. is headquartered in Boston, Massachusetts at 60 State Street; 7th Floor Boston, MA 02110 617-542-3333.
The Envit Capital logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6100
Forward-looking Statements
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.