Frank Crivello, Managing Member, Crivello Group, LLC announces purchase of technology assets and equipment of Eastern Manufacturing Corporation by Ventures National, Inc. dba Titan General Holdings, Inc.
Titan expands product mix with purchase of assets of speciality technology-military PCB manufacturer.
Pompano Beach, FL (PRWEB) September 11, 2004 -- Frank Crivello, Managing Member, Crivello Group, LLC (CG") announced today that its principals advised Ventures National, Inc. dba Titan General Holdings, Inc., www.titanems.com, OTC:TTGH, ("Titan") in its purchase of the assets of Eastern Manufacturing Corporation (EMC").
CG Managing Member Frank P. Crivello stated: Until the recent economic downturn, EMC was a successful PCB manufacturer with particular expertise in supplying defense contractors. EMC recently ceased operation. We were able to negotiate a purchase by Titan from EMCs secured lender. We are pleased to have helped Titan in this acquisition. We will continue to provide strategic consulting services to Titan." Titan Chairman David Marks stated: "Frank Crivello was integral to Titan's purchase of these assets. We appreciate his ability to sort out complicated transactions and situations."
Titan is a unique service provider in the printed circuit board (PCB) market segment providing technical assistance and production of time-sensitive, high-tech, proto-type printed circuit boards. Titan is positioning itself to become a leading PCB service company in the fastest-growing segment of time sensitive manufacturing in the $130 billion global electronics manufacturing services market. Through vertical integration and aligning its manufacturing process with that of its customers, Titan expects to expand its services, while continuing to acquire assets and customers of other firms in the PCB sector.
About Crivello Group, LLC www.crivello.com:
CG is a strategic advisor and partner to distressed and emerging companies. CGs solutions for distressed or emerging company 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 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 CG's operations or business
Contact:
New-School Communications, LLC
Blois Olson, 651-221-1999
www.new-school.com
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