Crivello Group, LLC annouces Marine Growth Ventures, Inc. Acquired Sophlex Ship Management, Inc.
Marine Growth Ventures, Inc acquires one-hundred percent of the outstanding common stock of Sophlex Ship Management Inc. and it becomes a wholly owned subsidiary.
Cape Canaveral, FL (PRWEB) September 6, 2004 -- Crivello Group, LLC and Marine Growth Ventures, Inc. (MGV") announced it acquired one hundred percent of the common stock of Sophlex Ship Management, Inc. (Sophlex") effective today. Sophlex provides customized, quality vessel management services to vessel owners and operators, both in the U.S. and abroad. Sophlex has an experienced management team with decades of experience in vessel management. In addition to its key management, Sophlex maintains a data base of highly qualified and licensed marine crew at all skill levels, many of whom have worldwide experience in operating both U.S. and foreign flag vessels. Consequently, Sophlex is able to deploy qualified, responsible crew to clients operations on an expedited basis, and can respond immediately to evacuation requirements in its home base of Port Canaveral.
MGV Chairman Frank Crivello stated: Tim Levensaler, MGVs Chief Operating Officer, had owned and operated Sophlex successfully for years. This acquisition gives MGV added resources in the marine world." MGV President Craig Hodgkins stated: After Tim and I joined MGV in July, we identified a number of 'niche opportunities in transportation, freight, finance, ship management and entertainment. This acquisition supports our execution plan."
About Marine Growth Ventures, Inc. (MGV") www.marinegrowthventures.com:
MGVs mission is to find, develop, and place in service operating businesses relate d to our oceans; our vision is to build successful businesses while respecting and protecting our most important environmental resource - our oceans. MGV is uniquely positioned to find, analyze, and execute on marine related opportunities in transportation, freight, finance, brokerage, real estate, gaming, and entertainment.
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 the Company could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to assumptions relating to the marine market and that there will be no unanticipated material adverse change in MGV's operations or business.
Contact:
New-School Communications, LLC
Blois Olson, 651-221-1999
www.new-school.com
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