KENNEWICK, Wash., April 5, 2006 (PRIMEZONE) -- Manakoa Services Corporation (OTCBB:MKOS), currently a developer of enterprise risk management solutions focused on regulatory compliance, is investigating opportunities to accelerate near-term growth by acquiring or partnering with companies which are synergistic with its business model.
The company has researched evolving trends and key market success factors and identified several markets that share substantial synergies with our business model, and within each, collaboration may provide the potential to enhance both near- and long-term growth prospects.
The acquisition attractiveness of candidates identified in each of these markets is being ranked by using potential market success factors, including but not limited to the following: ease of entry, market penetration, and barriers to others due to current intellectual property ownership, as well as utilizing an opportunity matrix that focuses on synergism with our management team, including our substantial members on the Board of Directors. We have ranked the high-priority candidates as well as identified the next steps to achieve our goal and anticipate that decisions will be forthcoming in the near future.
Private Placement Completed
The company has also announced that it has successfully completed a small $100,000 private placement. The proceeds of the financing will be used to complete the examination process and for general overhead expenses.
About Manakoa Services Corporation
Manakoa is a pioneer in the field of Enterprise Risk Management focusing on regulatory compliance software and services. Manakoa's security and compliance solutions suite offers advanced automation software designed to control business and IT policies, implement and enforce mandated compliance initiatives, and provide dynamic views for monitoring and administration based on the role and permissions of user and department.
Manakoa's flagship products provide unique templates for analyzing compliance with United States regulations such as the Gramm Leach Bliley Act, Sarbanes-Oxley, FISMA, and HIPPA. Stand-alone components of the suite include the Manakoa KnowledgeBase(tm), Manakoa Compliance Services(tm), Manakoa System Control Management Pack(tm), and Compliance Auditing Management Packs (CAMP)(tm). The Company is the only corporation to have multiple individuals named as Microsoft 2005 Most Valuable Professional in the field of security. For more information on Manakoa, please visit its website at http://www.Manakoa.com .