Visual Healthcare Corp. (OTC: VSHC) Announces Acquisition of Velocity Manufacturing Corporation
July 31 2019 - 2:29PM
InvestorsHub NewsWire
Visual Healthcare Corp. (OTC: VSHC) Announces Acquisition
of Velocity Manufacturing Corporation
Houston, TX -- July 31, 2019 -- InvestorsHub NewsWire --
Visual Healthcare Corp. (OTC PINK: VSHC) announced today that the
company has signed on its second acquisition target, Velocity
Manufacturing Corporation. Mr. Linh Nguyen, LTN Capital's CEO,
stated, “We are extremely excited to add Velocity to our family of
companies. With 2018 revenue of nearly $3MM and approximately $400K
monthly average run rate in the first half of 2019, this is an
excellent acquisition to help bolster our balance sheet. Velocity
is a perfect example of the types of companies we intend to acquire
with modest revenues poised for rapid growth.” Velocity also
currently has bids for contracts, that if successful, will result
in growth above what the company has experienced this year
already.
Velocity Manufacturing Corporation provides
unparalleled and exceptional service, quality, and delivery and
serves several multi-billion dollar clients. Velocity's design,
drafting, and CNC technology are driven by skilled and licensed
engineering professionals. The company operates in a broad range of
industrial sectors with promising new opportunities in nuclear
energy. With a facility situated on several acres running
state-of-the-art equipment, Velocity has the capacity to meet the
highest quality demands and production volume while maintaining a
culture of safety first throughout the work
environment.
LTN Capital Ventures is also getting closer to the
unveiling of its new name and brand identity for VSHC. An
announcement will be made soon along with the release of its
website in the following weeks. The new website will provide
information with LTN Capital's potential business units and how
each piece will come together. Follow @LTNCap on Twitter to stay
updated with the latest news.
About LTN Capital Ventures
LTN Capital invests in emerging growth companies in
energy, oil & gas, renewables and industrial manufacturing
sectors. LTN Capital’s executive management team brings over 50
years of experience in the global energy market. The company’s
growth strategy includes deepening products and services offered to
existing customers as well as acquiring complementary business
units.
To subscribe to company updates, please visit the
Company's website at ?www.ltncap.com -- also follow VSHC at
?www.twitter.com/LTNCap.
About Velocity Manufacturing
Corporation
Velocity Manufacturing Corporation, based in Houston,
Texas, provides Computer Numerically Controlled (CNC) machining and
fabrication services to national and global energy organizations.
The company's leadership brings over 50 years of industry knowledge
and experience. Velocity's skilled professionals, high-tech tools
and technology drive its unmatched service, standards, safety, and
growth.
For more information about Velocity Manufacturing visit
www.velocitymfgcorp.com or contact the Company directly at
1-713-849-1300.
Contact Information
VSHC Shareholder/Investor inquiries can be directed
to:
LTN Capital Ventures
1-713-849-1300
investors@ltncap.com
Safe Harbor Statement – In addition to historical
information, this press release may contain statements that
constitute forward-looking statements within the meaning of the
Securities Act of 1933, as amended, and the Securities Exchange Act
of 1934, as amended by the Private Securities Litigation Reform Act
of 1995. Forward-looking statements contained in this press release
include the intent, belief or expectations of the Company and
members of its management team with respect to the Company’s future
business operations and the assumptions upon which such statements
are based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future
performance, and involve risks and uncertainties, and that actual
results may differ materially from those contemplated by such
forward-looking statements. Factors that could cause these
differences include, but are not limited to, failure to complete
anticipated sales under negotiations, lack of revenue growth,
client discontinuances, failure to realize improvements in
performance, efficiency and profitability and adverse developments
with respect to litigation or increased litigation costs, the
operation or performance of the Company’s business units or the
market price of its common stock. Additional factors that would
cause actual results to differ materially from those contemplated
within this press release can also be found on the Company’s
website. The Company disclaims any responsibility to update any
forward-looking statements.