ECGP Envit Capital Group Inc (CE)

The Envit Capital Group, Inc., (Envit Capital) -- (PINK SHEETS: ECGP) -- a financial holding company for financial entities, headquartered in Boston Massachusetts announced today that the Company has completed the acquisition of a 5% ownership in Rib World. Rib World is a state-of-the-art pre package pork processing operation, based in Clonmel, County Tipperary, Ireland. The company concentrates on producing pre package pork ribs. Rib World has just come off one of its best months ever in October 2008, selling over 750,000 Euro in rib sales. Rib World calls on many years of experience of�operational meat production. The plant is designed to produce a high-quality, unique pork products for the European markets.�Rib World was founded in 2003 by Bo Nielsen and partners. Chairman and CEO Edward M. Laborio said today, �Rib World is an acquisition that we are very proud to announce. The growth of Rib World in the past 24 months has been amazing and because of the limitless potential of the company we have entered into an agreement to acquire an additional percentage of Rib World, when and if parameters have been satisfied on Envit Capital�s behalf. At his time we are not able to divulge the details of the deal or acquisition in order to honor the request of Rib World�s private company status. These details will be released at a later date when approved by Rib World.� Laborio also stated, �I would like to note to current shareholders that no freely trading shares in ECGP where given to Rib World as exchange for the acquisition. The Board of Directors are also exploring surrendering different outstanding classes of shares of the ECGP in order to give current shareholders a better ratio of ownership.� Rib World More information can be found about Rib World at www.ribworld.ie. Envit Capital Group, Inc. The Envit Capital Group, Inc. operates as a holding company for financial entities, investor partnerships, and asset management subsidiaries. The company is headquartered in Boston, Massachusetts. The Envit Capital Group, Inc., is headquartered in Boston, Massachusetts at 99 Summer Street; 17th Floor Boston, MA 02110 (617)-542-3333. Forward-looking Statements "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.