Crivello Group, LLC Announces Formation of Century Partners Fund, Inc. - Firm Targeting Distressed Assets Undergoing Litigation

Century Partners Fund, Inc. focused on the purchase of distressed, charge-off, and in litigation receivable notes and mortgages.

Pompano Beach, FL (PRWEB) January 29, 2005

Frank Crivello, Managing Member, Crivello Group, LLC (“CG”) announced today that its principals formed Century Partners Fund, Inc. (“Century”) and provided it with financing to fulfill its business plan. Century is focused on the purchase of distressed, charge-off, and in litigation receivable notes and mortgages. Century has identified portfolio assets within this space that are available for purchase. Century will focus upon this niche and pursue these opportunities.

CG Managing Member Frank P. Crivello stated: “Our team has considerable experience with distressed assets. We decided it was the right time to form a business unit focused solely on this space. We were pleased to provide Century with financing. We have great faith in Century’s current management team and its exciting business plan. In addition to this financing, we will provide strategic consulting services to Century.”

About Crivello Group, LLC http://www.crivello.com:

CG is a strategic advisors and partners to distressed and emerging companies. CG’s solutions for distressed or emerging company that include:

•Stabilization

•Capital & Debt Alternatives

•Staff, Boards, and Professionals

•Divestiture & Dissolution

•Plan of Restructuring or Reorganization

Safe Harbor Statement Under the Private Securities Litigation Act of 1995 - With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of CG could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company’s operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe" "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.

Contact:    

New-School Communications, LLC

Blois Olson, 651-221-1999

http://www.new-school.com

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