ECGP Envit Capital Group Inc (CE)

Envit Capital Group, Inc., (Envit Capital) -- (PINK SHEETS: ECGP), would like to announce that it is in current negotiations to purchase three other investment firms. Chairman and CEO of Envit Capital Edward M. Laborio said today, �Deposits are in place to acquire three investment firms that currently combined manage approximately $200 million in assets. Together with our Ohio and Texas branches these small firms that we are acquiring will add to the growth and the revenue generation that we have set our sights on from the very inception of our wealth management division. Detailed information concerning the deals will be released upon completion of the transactions.� Laborio also said, �We will continue to be aggressive in acquiring revenue generating investment firms and believe that over the next twelve months we will dramatically increase the amount of assets we manage, striving closer to our $1 billion goal.� The Board of Directors stated today that it desires to hold off on issuing the initial conference call until ongoing negotiations with outside companies are concluded so that the details about these deals may be included in the conference call and the financials. Furthermore, the Board of Directors added that the company would like to address concerns of dilution. At this time no freely trading stock has been issued and no restricted stock has been issued to any friends, family or promoters to date. Edward M. Laborio said, �It is important to include the full scope of what we are trying to achieve with Envit Capital rather than rush into an incomplete uninformative conference call just to accommodate an impatient minority. We anticipate being able to issue our financials and have the conference call by year�s end. Our goal is growth, and we intend to be a large presence in the financial services industry in the very near future.� ABOUT ENVIT CAPITAL and its OUTLOOK The Envit Capital Group, Inc., (Envit Capital) is a development stage boutique investment banking, securities and investment management firm that will provide a range of services to a client base that will include business, institutions, and high-net-worth individuals. Its objective is to be active in all three of the following segments: Investment Banking, Trading and Principal Investments, and Asset Management and Securities Services. Asset Management and Securities Services The Company�s asset management business provides investment advisory services and will offer investment products (primarily through separately managed accounts) and will generate revenues in the form of management and incentive fees. Securities Services will provide generated revenues primarily in the form of commissions or fees from licensed registered representatives servicing clients separate brokerage accounts. Securities Services may provide the following; brokerage services to institutional clients, including hedge funds, pension funds and foundations, and to high-net-worth individuals. The Company currently only offers Investment Advisory services to high-net-worth individuals through Envit Capital Private Wealth Management, LLC and is currently registered with two branch offices in Texas and Ohio. The Company does not currently provide securities services. Investment Banking Envit Capital will look to provide a range of investment banking services to financial institutions, investment funds, and individuals. These activities may include advisory assignments with respect to mergers and acquisitions. Other activities may include public offerings and private placements of a range of securities and other financial instruments, including common and preferred stock, convertible and exchangeable securities, investment-grade debt, high-yield debt, sovereign and emerging market debt. Envit Capital currently does not participate in any Investment Banking services. Principal Investments Principal Investments division will aspire to facilitate transactions with a group of corporations, financial institutions, investment funds, and individuals. The firm will look to take positions through trading and investing in a broad array of multi-strategies in such investments as equity, debt, currencies, commodities and derivatives and real estate. Envit Capital will make principal investments directly and through funds that it raises and manages.