small - cap preview 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 . 175
will it continue to grow higher ?
please view exactly what the company does .
watch this of trade all week it should be a exciting one !
hot press release : advantage capital development corp
advantage capital development corp . portfolio company pays down senior
secured debentureaug . 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 and all week ! go avcp .
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