GROVELAND, Fla., Nov. 19, 2012 /PRNewswire/ -- Eco Ventures Group,
Inc. (OTCBB: EVGI), an emerging producer of diversified sustainable
alternative energy and resources, today announced that Harbinger
Research, LLC, an independent equity research firm, has initiated
research coverage on the Company available at
http://www.harbingerresearch.com/clients/evgi.
Harbinger Research Report
The Harbinger Report is
authored by Brian R. Connell, CFA,
Senior Research Analyst at Harbinger. Mr. Connell's
research report provides a detailed financial model which
incorporates the Company's organic growth initiatives, its pending
acquisition of EPS, as well as a description of Eco Ventures'
business, industry, services, strategy, management team, the
investment case and risks, price targets and more.
Harbinger Research covers a number of U.S. listed companies. Eco
Ventures provides the link to this Report as courtesy to its
shareholders for informational purposes. The price targets,
financial projections and other opinions contained in the report
are strictly those of the analyst and not of Eco Ventures.
About Brian R. Connell and
Harbinger Research, LLC
Brian R.
Connell, CFA, is Senior Managing Director at Harbinger. He
has over 15 years' experience in the securities industry, as an
equity analyst and portfolio manager, and as the founder and CEO of
StreetFusion (acquired by CCBN/StreetEvents), a software company
serving the institutional investment community. On the sell-side,
Mr. Connell served as the technology analyst for Neovest, an
Atlanta-based boutique, and as a
Senior Analyst - Internet for Preferred Capital Markets, an
investment bank based in San
Francisco. Mr. Connell has also held the position of
Executive Director of Marquis Capital Management, a
technology-focused investment management organization.
Mr. Connell founded Harbinger Research in 2004 with the purpose
of providing high quality research coverage to deserving smaller
companies. Mr. Connell also holds degrees in Economics and
Psychology from Duke University, and is
a CFA Charterholder.
Harbinger Research is an independent equity research firm that
employs a research team consisting entirely of CFA charter holders
and follows a number of companies across a wide variety of
industries. Harbinger Research makes all of its reports available
through its website at http://www.harbingerresearch.com, and also
distributes content through a variety of partners, including
InvestorsInsight Publishing, and through most major financial
portals.
About Eco Ventures Group
Eco Ventures Group, Inc.
("EVGI") is both acquiring and developing a portfolio of
ecologically friendly businesses to provide renewable energy and
related feedstock (www.ecoventuresgroup.com).
The Company on August 7 reported
it had signed a Definitive Agreement to acquire EPS. EPS is a
Germany-based diversified
alternative energy feedstock, transportation, heat & solar
power production company with approximately 50 employees -- whose
primary business is the production, processing and brokering of
alternative energy feedstocks including rapeseed, palm oil and
wood. Based on interim Nov.
2012 results, the company is on a projected run rate for
$45 million in 2012 revenue, profitably, for more than 78
percent revenue growth annually since 2009. The acquisition
combines two renewable energy companies whose technology, bio fuel
and grid-tied energy products will create a diversified
international platform with important operating synergies.
Safe Harbor Statement
Safe Harbor statement under the
Private Securities Litigation Reform Act of 1995: EVGI encourages
those interested in our Company to rely only on information
included in our filings with the United States Securities and
Exchange Commission which can be found at www.sec.gov. Statements
released by Eco Ventures Group, Inc. that are not purely historical
are forward-looking within the meaning of the "Safe Harbor"
provisions of the Private Securities Litigation Reform Act of 1995,
including statements regarding the company's expectations, hopes,
intentions, and strategies for the future to include all those of
its intended acquisition of Energiepark Suptitz, GmbH. Investors
are cautioned that forward-looking statements involve risk and
uncertainties that may affect the company's business prospects and
performance. The company's actual results could differ materially
from those in such forward-looking statements. Risk factors include
but are not limited to general economic, competitive, governmental,
and technological factors as discussed in the company's filings
with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not
undertake any responsibility to update the forward-looking
statements contained in this release.
Contact
Eco Ventures Group, Inc.
7432 E. Highway 50, Suite 101
Groveland FL 34736
Phone: (352) 557-4830
Email: info@ecoventuresgroup.com
Investor Contact:
Mirador Consulting
Frank Benedetto
Tel: (561) 989-3600
SOURCE Eco Ventures Group, Inc.