ValueRich, Inc. to Purchase Starlight Investments, LLC
June 02 2008 - 7:00AM
Business Wire
ValueRich, Inc. (AMEX:IVA) announced today that it has signed a
Stock Purchase Agreement to purchase Starlight Investments, LLC.
Starlight is a Houston based investment bank that is focused on
private placements of equity and is managed by Bryan Emerson.
Starlight Investments currently has approximately 15 investment
bankers and is registered in 18 states. Starlight Investments
specializes in the energy sector, telecommunications, real estate
and online marketing industries. Starlight has been licensed by the
NASD/FINRA since 2000. The purchase of Starlight Investments, LLC
opens the door for ValueRich to leverage its brand name
recognition, database and numerous clients. �We are excited about
the opportunity to begin participating in the revenues generated
from investment banking fees and commissions that were not
previously accessible to us,� said Joseph Visconti, CEO of
ValueRich, Inc. In 2007 Starlight Investments, LLC financed
approximately 15 companies and was responsible for raising over
$100,000,000 as a lead manager. In the same year, Starlight
generated over $2,600,000 in top line revenue and had a net profit
of $428,000. �In so many ways Starlight Investments is the perfect
fit for ValueRich and with our many contacts and clients we are
hopeful that this purchase gives us the ability to monetize our
database of companies that are seeking to get funded,� said Joseph
Visconti, CEO of ValueRich, Inc. Starlight Investments is headed by
Mr. Bryan Emerson, who will stay on as the CEO of Starlight. Mr.
Emerson�s professional and community involvement includes Starlight
CEO, FINRA District 6 Committee Member, FINRA Technology Advisory
Committee, FINRA Arbitrator, Rice University Alliance Roundtable
Advisory Board, Finance Committee member of The Coronado Club,
past-president of the board of Houston Achievement Place,
past-president of the Jones School Alumni Association at Rice
University, member of the Houston Philosophical Society and a
graduate of the Center for Houston�s Future program. The terms of
the Stock Purchase Agreement are set forth in more detail in
ValueRich�s Current Report on Form 8-K that was filed with the
Securities and Exchange Commission. The purchase is subject to all
regulatory approvals by the SEC, FINRA and The American Stock
Exchange. No assurance can be given as to when, or if, all such
approvals will be obtained. This news release contains
�forward-looking statements� within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The forward-looking
statements are based on current expectations, estimates and
projections made by management. The Company intends for the
forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements. Words such as
�anticipates�, �expects�, �intends�, �plans�, �believes��, �seeks�,
�estimates�, or variations of such words are intended to identify
such forward-looking statements. All statements in this release
regarding the future outlook related to ValueRich, Inc., including
expectations as to opening doors to leverage ValueRich�s brand name
recognition, database and numerous clients and the ability to
monetize our database of companies that are seeking to get funded
are forward-looking statements. There can be no assurance that we
will receive the necessary regulatory approvals to accomplish these
goals or that even if such approvals are obtained that we will
accomplish these goals. The forward-looking statements are subject
to risks and uncertainties that could cause actual results to
differ materially from those set forth or implied by any
forward-looking statements. All forward-looking statements made in
this press release are made as of the date hereof, and the company
assumes no obligation to update the forward-looking statements
included in this news release as a result of new information or
future events. Please refer to the Company�s Annual Report of Form
10-KSB for the year ended December 31, 2007 under the caption �Risk
Factors� and our other periodic and current reports filed by us
with the SEC for additional information regarding risks and
uncertainties associated with an investment in our securities.
Copies of these filings are available through the SEC's website at
www.sec.gov. About ValueRich Inc. ValueRich, Inc. operates various
online media-based properties for corporate and financial
professionals, including ValueRich magazine and the industry-wide
online financial community iValueRich.com. The Company�s corporate
mission is to create the world�s largest and most active community
of financial professionals and micro-cap public company executives
through its integrated portfolio of products and services Become a
free member of iValueRich.com at http://www.ivaluerich.com.
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