Growth Fund Partnership reports successful Tactical Plan

Growth Fund holds annual shareholder meetings

Miami, FL (PRWEB) July 11, 2004 -- GROWTH FUND PARTNERSHIP, INC. (Growth"), held its annual general shareholders meeting Friday in Coral Springs, Florida, USA. Jack Birnholz, Chairman and Chief Executive Officer, reported success in the implementation of strategic and phased tactical plans developed in 2003.

Birnholz announced to the shareholders In order to achieve the goal of becoming publicly listed, the company had a three pronged short term goal. First we buttressed our management team with the addition of Gary Chernay, JD, MBA, as Executive Vice President. Chernay has also joined the Board of Directors of Growth Fund Partnership, Inc. along with Moyses Levy, President of BankInca. Mr. Allan Kores was appointed as Vice President, working principally in the Americas with one of Growths Joint Venture partners Strassbourg Sovereign Consultant Bankers; and Mr. Don Nichols as vice-president involved in sales for Cinema Gold and American Mortgage Exchange."

Secondly, the company developed an original concept to establish Joint Ventures in strategically located key markets. The newly created entities become subsidiary companies of Growth Fund that require, due to the unique structure, minimum capital and managerial resources. The company has enjoyed an immediate benefit of increased staff and facilities with minimum cost and risk, and what is more important immediate revenue."

Normally, the Chairman is named an executive director of each J/V, however, in order to focus energies and resources for Growth Fund, I have resigned from two such ventures in the United Kingdom, GFP UK Ltd. and GFP Equities Ltd., which will become inactive."

Thirdly, the company has allocated resources to further develop a wholly owned subsidiary, 'Cinema Gold, Inc., a development stage company, and is actively searching for a public company merger partner to utilize another innovative and unique guarantee program for film finance. The program is designed to assist film producers with investors, providing investor 'down-side risks. The company plans to expand into the United Kingdom in the 2004-5-time period. An overview of Cinema Gold is available on request.

American Mortgage Exchange Corp., also a development stage company, has embarked upon a similar path but designed to guarantee mortgages. At the present time our attorneys are perfecting all the required documentation necessary to implement this program."

Fourthly, the company has re-activated its asset acquisition program in order to strengthen the underlying assets of the company. We believe the company will have long term stability by being buttressed with minerals and real estate, wherever located. This stability is one of the factors enabling the company to proceed with its various programs, utilizing its assets to obtain significant cash income and suitable returns for our shareholders."

Birnholz also reported the company has over $11 Billion in net assets and has been accorded the highest credit rating from credit reporting services. The companys financial statements clearly reflect the dedication and devotion to success by the Officers and Directors.

The Chairman closed the meeting by inviting suggestions as to possible areas of improvement and recommendations to assist achieving the companys goals and objectives.

Note regarding FORWARD LOOKING STATEMENTS: All statements other than the statements of historical facts included in this overview, including without limitation, statements regarding our future financial position, business strategy, projected costs and plans, objectives of our management for future operations and pro forma, as adjusted and as further adjusted financial data, are forward looking statements. In addition, forward-looking statements can be identified by the use of forward looking terminology such as "may", "will", "proposed", "expect", "intend", "estimate", "anticipate", "believe", or "continue" or the negative thereof, variations thereon or similar terminology. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot assure you that such expectations will prove to have been correct. Such statements involve certain known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from our forward-looking statements. Also, subsequent written and oral forward-looking statements attributable to our Company, or persons acting on any of their behalf, are expressly qualified in their entirety by the cautionary statements. We caution you not to place undue reliance on these forward-looking statements, which speak only as of the present document

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