Green Global Investments, Inc. Changes Name to LivingVentures, Inc.; Appoints C. Geoffrey Hampson Executive Chairman
February 25 2013 - 7:30AM
Business Wire
Green Global Investments, Inc., a fully integrated real estate
investment, development and operating company focused on senior
housing management, has changed its corporate name to
LivingVentures, Inc. and introduced its new trading symbol
(OTCBB:LIVV), as approved by FINRA.
The name change is more closely aligned with LivingVentures'
mission to become a leading senior housing management company with
a resident-centric service model. As part of its growth strategy,
the Company expects to continue to identify compatible
acquisitions, development opportunities and mergers, joint ventures
and financing channels for seniors housing properties, which will
provide further opportunities to manage seniors housing
facilities.
Separately, LivingVentures, Inc. announced the appointment and
Board ratification of C. Geoffrey Hampson, age 55, to the new
position of Executive Chairman. As Executive Chairman, Mr. Hampson
will work with the Company’s CEO, Rick Asta in establishing the
strategic direction and goals for the business and ensuring that
LivingVentures has access to capital sources necessary to execute
that plan. Mr. Hampson has been a Director of the Company since
2012. Mr. Hampson has a 30-year career as a senior executive and
entrepreneur in a variety of businesses at different stages of
their corporate development, from start-ups to consolidations and
turnarounds. He has also been involved in numerous M&A
transactions on both the “buy” and “sell” side, and has experience
negotiating international joint ventures in countries such as
Brazil, Russia and China.
Allen Huie, Chairman of LivingVentures said, "We are pleased to
announce Geoff's appointment as Executive Chairman. As a Director
of the Company, Geoff has already made significant contributions to
our business model, and we look forward to his taking a more active
role in our operations. Geoff's banking experience and M & A
expertise will be invaluable as LivingVentures executes its
strategic growth plan to become a leading resident-centric seniors
housing company."
In addition, LivingVentures, Inc. also reported that it has
secured its first U.S. management contract. Nature Coast Lodge,
located in Lecanto, Florida is a 65- unit, 85- bed assisted living
facility. As manager, the Company expects to increase occupancy and
improve operating results of this community.
About LivingVentures, Inc.
LivingVentures is a fully integrated real estate investment,
development and operating company focused on senior housing
management. Its hospitality model and resident-centric approach
provide the company advantages in the senior living sector. The
company currently operates senior housing projects in Canada and
Florida and plans to develop, own and manage assets in markets
across the U.S. and Canada. LivingVentures has extensive expertise
in senior housing management, commercial real estate development
and capital market markets financing. Its recent acquisition of
International Care Management Services (“ICMS”), a company that
manages 1,000 senior housing units in Ontario, Canada, brings a
robust pipeline of attractive acquisition opportunities. The
company also provides EB-5 equity capital and debt financing. To
learn more about the company, visit its website,
www.livingventuresinc.com.
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