Operational since January 1, 2004, we are now pleased to announce the public launch of PromoCapital, The Haitian-American Investment Bank

(PRWEB) April 2, 2004

Operational since January 1, 2004, we are now pleased to announce the public launch of PromoCapital, The Haitian-American Investment Bank, and to present you information about its objectives and initiatives.

We hope you will take a moment to review this synopsis, and to forward it to family and friends, so they may become familiar with this significant new financial infrastructure devoted to the Haitian and Haitian-American communities.

Henri Deschamps

Chairman

PromoCapital HAITI

Dumarsais M. Siméus

Chairman

PromoCapital USA

About PromoCapital

PromoCapital, The Haitian-American Investment Bank, is headquartered in Petionville, Haiti and has representative offices in Washington D.C. and Aventura, Florida.

PromoCapital is a joint venture between members of the Haitian-American Diaspora, PromoBank Haiti shareholders and Haitian entrepreneurs and professionals. The Firm has 70 partners, and its equity structure is that of a 50/50 joint-venture between the Haiti and the USA shareholders.

PromoCapital consists of two institutions: PromoCapital Haiti, S.A. - incorporated in Haiti as a "Société Financière de Développement" - and PromoCapital USA, Inc, - a corporation registered in the state of Delaware.

The Firm has three business segments: (1) Client & In-House Ventures; (2) Capital Market Products; and (3) Corporate Finance and Advisory services.

Mission

The mission of this financial institution is to bring together a team of experienced, competent, Haitian and Haitian-American leaders with the practical skills, know-how, and resources to create an investment infrastructure with global horizons and limitless potential to contribute to the future welfare of our community in Haiti and in America, while at the same time providing socially responsive investors with equitable returns and benefits... An institution which promotes financial independence, autonomy and security for Haitians and Haitian-Americans.

Genesis & History

In early 2003, the Board of Directors of PromoBank, the fourth largest private Haitian bank, recognized that the investment potential and the business interests of the Haitian Diaspora had been under served and their integration as a decisive force in the Haitian economy was limited almost exclusively to transfer rather than investment activities. A vital component in the architecture of the national financial infrastructure was missing.

The Bank set out to identify business leaders in the Haitian-American community who would be interested in developing a vehicle for structuring and promoting investments and for establishing business relationships between Haiti and the US.

Following several months of research, PromoBank partnered with the National Organization for the Advancement of Haitians, Inc. (NOAH) in organizing a decisive conference-workshop in Washington, DC in June 2003. Over seventy distinguished Haitian-Americans attended the event at the Hay-Adams Hotel across Lafayette Square from The White House. The participants designed and created a collective investment vehicle that would fill a much needed void in the financial landscapes of both the Haitian private sector and the Haitian-American Diaspora. The concepts and structures of PromoCapital were born.

The well-respected Washington law firm of Latham & Watkins was retained to advise PromoBank on the creation of PromoCapital. Starting in July 2003, simultaneous legal efforts were undertaken in Haiti and in the US for the incorporation of PromoCapital Haiti S.A. and its American subsidiary, PromoCapital USA, Inc. Once accomplished in September 2003, the founders started the capital raising phase to capitalize the Bank and integrate the new partners. The initiative was so well-received that PromoCapital’s shares were oversubscribed, both in Haiti and in the US. The Bank was launched officially on January 1, 2004.

Projects, Products & Services

At PromoCapital, we focus on five key areas to ensure exceptional service to our clients: knowledge, partnership, teamwork, integrity, and execution. We produce solutions and results for clients.

Client & In-House Ventures

At PromoCapital, we work with our individual and corporate clients to put together successful business ventures. From finding funds, identifying the right strategic partners, to understanding regulatory, legal and fiscal requirements and constraints, to structuring and executing innovative financing solutions, we provide our clients an integrated solution for building or growing their enterprises. At the same time, we are also proactive in recognizing unique market opportunities and leveraging the breadth and depth of our shareholders to launch new ventures.

Capital Market Products

We offer to our clients the ability to take advantage of the capital markets products available in Haiti. We can also help them seek other opportunities in the United States for diversification purposes.

Corporate Finance & Advisory Services

By initiating, developing and maintaining client relationships with leading entrepreneurs, corporations and promising start-up enterprises, PromoCapital advises clients on various methods of achieving their financial objectives. Our services include: general business advisory, restructuring advisory, mergers and acquisitions, fairness opinions, company valuations, and the complete collection of products and services customarily identified with Venture Capital Funds, Boutique Investment Banks, Merchant Banks and Investment Banks.

Partnership & Network

Our bank’s capital structure is evenly distributed between Haitian Citizens/Residents and United States Citizens/Residents. The 70 shareholders, experienced successful entrepreneurs and professionals, hail from Haiti, Washington D.C., Virginia, New York, New Jersey, Maryland, Georgia, Florida, Massachusetts, Michigan, and Texas. We work in close collaboration with other local and international financial institutions such as Development Banks, Commercial Banks, Mortgage Banks, IFIs, Investment Funds, Venture Capital Funds and other financial institutions.

Partners

Albert Levy, Axan Abellard, Carlet Auguste, Caroline Racine, Daniel Rouzier, Daniel Silva, Daniele Jean-Pierre, Esq., Dimy Doresca, Dumarsais M. Siméus, Elda James, Esq., Elisabeth Delatour, Emile Corneille, Emmanuel Francois, Florence Bellande Robertson, Frantz Bourget, Frederic Madsen, Fred Tony, Fritz Fougy, Gabrielle Alexis, Esq., Gary Jean-Baptiste, Georges J. Casimir, Gerd Pasquet, Gilbert Bigio, Gregory Brandt, Hans Tippenhauer, Harriet Michel, Hendrik Verwaay, Henri Deschamps, Henry Paul, Herve Francois, Jacques Deschamps Fils, Jean-Henry Céant, Jean-Marie Wolff, Jean-Pierre Saint-Victor, Jean-Robert Vertus, Jerry Tardieu, Joelle Coupaud, Jon Robertson, Joseph Baptiste, Josseline Colimon-Féthière, Julio Bateau, Kimberly Simeus, Laurence Bigio, Laurent Pierre-Philippe, Magdalah Silva, Marc-Antoine Acra, May Parisien, Michael Gay Sr., Monique Bigio, Nadege Tippenhauer, Olivier Acra, Patrice Backer, Patrick Delatour, Patrick Moynihan, Patrick Tardieu, Reginald Boulos, Reginald Villard, Régynald Heurtelou, Ronald Georges, Rudolph Berrouët, Rudolph Moise, Reuven Bigio, Sebastien Acra, Serge Parisien, Serge Pinard, Steeve Handal, The Simeus Foundation, Vanessa Dickey, Yael Bigio-Garoute, Yves Joseph. Biographies available on request.

PromoCapital

The Haitian-American Investment Bank

The mission of this financial institution is to bring together a team of experienced, competent, Haitian and Haitian-American leaders with the practical skills, know-how, and resources to create an investment infrastructure with global horizons and limitless potential to contribute to the future welfare of our community in Haiti and in America, while at the same time providing socially responsive investors with equitable returns and benefits... An institution which promotes financial independence, autonomy and security for Haitians and Haitian-Americans.

PromoCapital

Global Horizons & Limitless Potential

PromoCapital HAITI

111 Rue Faubert

Petionville, Haiti

Telephone: (509) 256-5777

Fax: (509) 256-5779

promocapital@promointer.net

PromoCapital USA

2875 North East 191st Street, Suite 903

Aventura, FL 33180

Phone: (305) 792-4650, (954) 326-1847

Fax: (954) 385-3592, (626) 608-3594

promocapital@promointer.net