MIAMI, June 3, 2013 (GLOBE NEWSWIRE) -- Novus Acquisition & Development Corp. (OTC:NDEV) announces that as promised in past summarizations of Novus' business model, the company will declare a 7% dividend of one of Novus' portfolio companies Baroma, Inc.; the total shares held in Baroma by Novus is 4,000,000 shares. This corporate action will be effective once registrations statements are approved and completed by the Securities Exchange Commission and/or other regulatory bodies.
Additionally, in the next 2 weeks, Novus will announce new solidified acquisitions and/or exclusive business development transactions of which, once approved by regulatory agencies, will likely do the same corporate actions, pending regulatory body approvals. We want to thank our shareholders for their continued support over the years and want them to keep their focus on Novus' dynamic future.
Management chooses this business model, with the intention of delivering dividends to shareholders anywhere from 5% to 15%, which is perhaps designed for reoccurring returns for our shareholders as we increase our portfolio of companies. Currently the company has two portfolio companies, Voda Technologies, Inc., a consumer and industrial water manufacturer, and Baroma, Inc., an Accountable Care Organization ACO contracted with Medicare, delivering high-quality care and spending health care dollars more wisely, it will share in the savings it achieves for the Medicare program under the Patient Protection and Affordable Care Act of 2010 (PPACA), depicted in Murphy Analytics coverage report http://www.murphyanalytics.com/uploads/NDEV_Market_Overview.pdf.
Frank Labrozzi, Novus' Chairman for last 6 years states, "As our country economy improves in this gradual trend, it's evident and still most Wall Street financial institutions turn away what we see are credible values, due to continued self lock down of funding capital." Labrozzi goes to further state: "Smart money knows it is the time to build to deploy their war chest of capital to take advantage of a buyer's market in months to come; this will result in Novus opportunity of growth at a faster pace."
Frank Labrozzi is a 20 year Wall Street veteran who is an analytical executive with diverse industry disciplines and has worked with numerous small to mid cap companies with specialty on merger and acquisitions and private consulting to corporate finance.
Mr. Labrozzi consulted and negotiated contractual terms with many industry leaders with increased market capitalization, corporate cap structure and market assessment with numerous private and public companies. He represented Reorg/Turnarounds as interim management for public companies that were in the brink of insolvency, and introduced Asian and European companies to the NASDAQ equity markets.
About Novus
Is a merger and acquisition company where its works with newly acquired companies in branding their products and or services, advertise and market through all media forums, build distribution by funding their efforts through investment and organically. We give our operating companies the resources, services, skills and experience necessary for success in the public market as well as growing their business. Novus selects successful companies then assists these companies with business development and creates profitability and value for our shareholders. The Company's niche is small to medium cap companies that seek to enter the equity markets and want the necessary marketability and deployment of its capitalization structure and its business model.
Radio Interview:
An interview was held on May 5, 2013; an archived recorded version can be found on the homepage of Stock Traders Talk at www.stocktraderstalk.com, following the interview.
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Also any future declaration of stock dividends either stock or cash is the sole discretion of management, however any disclosure of stock dividend in this statement is for the purpose of management business model, however approval from the Securities Exchange Commission will made prior to any commitment or delivery of any dividends. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. This includes performance of Novus' portfolio companies. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.