H o t _S t o c k for attention.
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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 higher?
Please view exactly what the company does.
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 public companies.
Conclusion:
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.
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