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Precision Micro-Cap Report
- From: "Julie Barr" <Tim_Mcgrath at gmail dot com>
- To: ecos-patches at sources dot redhat dot com
- Date: Wed, 07 Sep 2005 11:15:57 -0500
- Subject: Precision Micro-Cap Report
Advantage Capital Development Corp (AVCP)
A business development company, which operates specifically to meet the
needs of small and emerging companies that need capital to grow.
Current Price: 0.18
Will it continue to grow higer? Please view exactly what the company
H0t Press Release: Advantage Capital Development Corp
Advantage Capital Development Corp. Portfolio Company Pays Down Senior
Secured Debenture Aug. 17, 2005-- Advantage Capital Development Corp.
announced today that one of its portfolio companies, Global IT Holdings
Inc., has reduced its debt to the company with a recent payment of
$250,000 against its senior secured debenture.
Advantage Capital Development Corp. recently increased its stake in
Global IT Holdings from 15 to 22 1/2 percent. Global recently completed a
merger with High Road International, Inc. In accordance with the
transaction the new public entity is now named Global IT Holdings, Inc.
Global IT Holdings, Inc. now owns eighty-five (85%) percent of all of the
fully diluted shares of the pink sheet company. The company now trades
under the symbol.
"We are very pleased with our investment in Global," said Jeffrey
Sternberg, President and CEO Advantage Capital Development Corp. "They've
leveraged our relationship to its fullest extent and utilize our funding
to enhance their growth strategies."
According to Sternberg, Global is pursuing a growth strategy and is
currently at various stages of negotiations with four possible
acquisitions in the IT staffing industry.
"Through its subsidiaries Platinum IT Consulting and Parker Clark Data
Processing, Global IT Holdings is managing its internal growth while
actively seeking out acquisitions that are compatible with its core
business," Sternberg said.
Platinum IT Consulting and its associated company, Parker Clark Data
Processing have served the New York and New Jersey Markets for 25 years
and have combined annual revenues in excess of $5 million.
According to the American Staff Association, U.S. annual sales for
temporary help totaled $63.3 billion in 2004, nearly on par with the
industry's sales peak in 2000 and 12.5% more than 2003. According to the
Association, for the past three decades the industry has grown at a rate of
10 percent a year and additionally, ninety percent of U.S. companies
use temporary staffing services.
About Advantage Capital Development Corp.
Advantage Capital is a business development company, which operates
specifically to meet the needs of small and emerging companies that need
capital to grow. Business development companies, as defined under the
Investment Act of 1940, are specifically designed to encourage the growth
of small businesses. The rules provide certain financing advantages for
companies that invest in small and emerging businesses. As a result,
this will include investing in both public and private entities using
certain types of debt and equity financing not normally available to other
The Examples Above Show The Awesome, Earning Potential of Little Known
Companies That Explode Onto Investors-Radar Screens; Many of You Are
Already Familiar with This. Is AVCP Poised and Positioned to Do that
For You? Then You May Feel the Time Has Come to Act... And Please Watch
this One Trade Thursday! Go AVCP.
Penny-stocks are considered highly speculative and may be unsuitable
for all but very aggressive-investors. This Profile is not in any way
affiliated with the featured company. We were compensated
to distribute this report. This report is for entertainment and
advertising purposes only and should not be used as investment-advice.