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.
Valuerich, (AMEX:IVA)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Valuerich, Charts.
Valuerich, (AMEX:IVA)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Valuerich, Charts.