GROVELAND, Fla., Sept. 11, 2012 /PRNewswire/ -- Eco Ventures
Group, Inc. (OTCBB: EVGI) today provided a corporate update on
three key events: 1) Its acquisition of EPS continues to move
forward gaining an important endorsement; 2) The Board of Directors
has appointed Wall Street executive and alternative energy buy side
analyst Mark Cox to President, and
3) EVGI senior management will present Thursday, September 13th at the prestigious
National Investment Banking Association (NIBA) Conference in
New York City.
On July 24, the Company announced
that it had signed a definitive agreement to acquire Germany-based Energiepark Suptitz (EPS).
The acquisition has now been officially endorsed by the
European financial partners of EPS, which serves to continue EPS'
credit lines seamlessly. These financial partners originally
backed the company at its earliest stages and have, since, watched
it rapidly grow into the diversified, cash flow positive industry
leader of today.
As EVGI's new president, Mark Cox
brings 28 years of international investment experience in global
securities markets ranging from founder and CEO of a hedge fund
specializing in alternative energy to money manager, analyst and
stock broker for leading global financial service firms including
Dresdner Bank's ABD Securities, Credit Agricole, Swiss Bank, and
Bankhaus Metzler. For the past eight years, he has served as
principal and buy side analyst for a hedge fund specializing in the
alternative energy sector. In recent months, he has worked as a
corporate development consultant to Eco Ventures, developing new
business initiatives and managing projects.
The annual NIBA Conference, September
12 – 14, will showcase 25 public and privately-held high
growth companies, and serve as a venue for their senior officials
to share meaningful insight into their business operations,
industry trends, short and long term growth strategies, and
corporate vision.
The Company will be filing a report with the SEC on Form 8-K
this week covering the investor presentation with pro forma
financials to be used in the NIBA conference, and appointment of
Mark Cox to president.
Randall Lanham, Chief Executive
Officer and Chairman of the Board of Directors, said, "We
appreciate the strong vote of confidence by EPS' bankers and
financial backers on the transaction. They know the company well,
the industry, the environment and European green energy
marketplace. We see their endorsement as an important confirmation
of the synergies and value added to both companies through the
business combination.
"With his Wall Street connections and extensive experience
analyzing and investing in many different companies throughout the
international alternative energy industry, we retained Mark earlier
this year as a corporate development consultant. Since that time,
we have been impressed with his expertise, industry contacts and
complex project management abilities.
"Eco Ventures is aggressively pursuing a number of lucrative
alternative energy business opportunities in the U.S.," Mr. Lanham
added, "in addition to preparing to close the EPS acquisition with
its estimated $50 million or more in
2012 revenue. Mark has proven pre-eminently qualified to help lead
the Company into its next phase of accelerating growth and
diversification. On behalf of all shareholders, I am delighted to
welcome him to Eco Ventures Group."
Commenting on his appointment to President, Mr. Cox said, "With
28 years investment experience, I know value and opportunity.
Leaving Wall Street for an emerging growth company was a big step,
but the Eco Ventures opportunity is special and its potential
unlimited.
"I have been privileged to work on a number of exciting projects
in the Eco Ventures new business pipeline in recent months, and am
both confident and honored to help build this company to realize
its fullest potential," he added. "Hydrocarbons are expensive and
will stay that way. Record corn prices have rendered ethanol
economically unfeasible. Eco Ventures – with its focus on biofuel,
solar and cellulosic feedstocks -- is in the right sector, the
right markets, at just the right time."
Mark Cox Bio
Mark Cox is the founder,
managing partner and CEO of New Energy Fund LP which launched in
2004. The fund is designed to invest in private and public equities
in the emerging sustainable energy technology market. There, he
developed a record of selecting new effective, disruptive and
economic clean technologies. The fund had its first full year
of asset management in 2005 and has delivered annual returns as
high as 72 percent.
Previously, in 1998, he was portfolio manager at Pinnacle
International Management LLC, an employee owned money manager based
in New York, where he introduced
companies such as Vestas Wind Systems, Gamesa and Solon to the Pinnacle portfolio. The
investment team held the number one position for five-year returns
in both Nelson's "World's Best Money Managers" and in Money Manager
Review's rankings for several years running. He also raised
$78 million in new assets for
Pinnacle during the significant bear market.
Previously, Mr. Cox came to the U.S. in 1987 and worked on the
international equity sell side as a salesman, analyst and head of
desk for French and German equities for Dresdner Bank's ABD
Securities, Credit Agricole, Swiss Bank, and Bankhaus Metzler.
Prior, in 1985, he joined de Zoete & Bevan, a stockbroker in
the City of London, which
subsequently became Barclays de Zoete Wedd (BZW).
Earlier, Mr. Cox was a platoon commander in the British Army and
decorated for his service in the Falklands conflict. He
earned his Master's Degree in French and English from the
University of Dundee in Scotland and an Executive MBA from
Columbia University in New York. He has held the Series 7, 24, 63,
and 65 NASD securities licenses and is fluent in French.
About National Investment Banking Association (NIBA)
NIBA is the only national not-for-profit trade association
of regional and independent brokerages, investment banking firms,
institutional investors and related capital market service
providers. Since its inception, NIBA member firms have successfully
completed over 1000 equity offerings totaling approximately
$10 billion in new capital for
America's finest emerging growth companies. The member firms of
NIBA represent over 8000 registered representatives with an
estimated $78 billion in assets under
management, and are responsible for 90% of all Initial Public
Offerings under $20 million. For more
information, please visit www.nibanet.org. You can also
follow NIBA updates on Twitter @NIBAnet.
About Eco Ventures Group, Inc.
Eco Ventures Group, Inc. ("EVGI") is acquiring and
developing a family of ecologically friendly and economically sound
businesses committed to providing for society's energy and
renewable resource needs (www.ecoventuresgroup.com).
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.
