ValueRich Announces Marketing and Technology Agreement with Full-Service Broker Dealer Syndicated Capital and Terminates Stock P
August 26 2008 - 11:23AM
Business Wire
ValueRich, Inc. (AMEX:IVA), and Starlight Investments, LLC have
terminated their Stock Purchase Agreement effective immediately.
The parties, however, plan to explore other strategic business
alliances in the future. On August 21, 2008, ValueRich entered into
a Marketing and Technology Agreement with Syndicated Capital, a
full service broker dealer. Syndicated Capital will provide an
array of full-service brokerage services including but not limited
to, an online trading platform, respective clearing services,
trading services, back office support, administration, compliance
and customer support. Syndicated Capital will be providing the
online trading platform and related services through their clearing
agent, Pershing LLC. Joseph Visconti, CEO of ValueRich stated, �Our
relationship with Syndicated Capital will allow ValueRich to use
its marketing and technology platform to assist companies in
raising capital, going public and attracting shareholders. By
leveraging our technology, the ValueRich brand asset and our
network of qualified professionals with Syndicated Capital�s
innovative online banking platform, we are hoping to change the way
small-cap funding is accomplished.� About ValueRich, ValueRich,
Inc. operates various online and offline 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 an active community of
financial professionals and micro-cap public company executives
through its integrated portfolio of products and services. About
Syndicated Capital, Syndicated Capital, Inc., headquartered in
Santa Monica, California since 1991, is a boutique broker dealer
that services independent registered representatives and registered
investment advisors with branch locations throughout the country.
We are a member of FINRA and SIPC. Client assets are custody
through Pershing LLC, a leader in the industry, based in Jersey
City, New Jersey. It continues to deliver state of the art systems
to our reps as well as comprehensive products and statements to our
clients. About Pershing LLC, Pershing LLC founded in 1939 and
purchased by The Bank of New York in 2003. Pershing LLC is the
leading provider of comprehensive, global financial business
solutions to broker-dealer firms, registered investment advisors,
and investment managers, with more customers who clear with us than
any other firm. Backed by more than 5,000 professionals in 19
offices worldwide, Pershing (member NYSE/FINRA/SIPC) is a member of
every major U.S. securities exchange, and its international
affiliates are members of the Deutsche B�rse, the Irish Stock
Exchange, and the London Stock Exchange. This news release may
contain �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 prospects for the future and the growth of the
web community are forward-looking statements. 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 Form
SB-2, as amended, under the caption �Risk Factors� and our other
periodic and current reports filed by ValueRich, Inc. with the SEC
for additional information regarding risks and uncertainties
associated with an investment in ValueRich securities. Copies of
these filings are available through the SEC's website at
www.sec.gov.
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