New York, NY (PRWEB) July 29, 2010
Manhattan Capital Corp., LLC, announced today that it has signed letters of intent to assist three microcap companies, Information Architects Corp., American Community Development Group, Inc., and Macada Holding, Inc. with their financing.
Manhattan intends to provide equity lines or credit or otherwise financially assist these companies. Completion of the proposed transactions is subject to numerous contingencies, including due diligence, approval of counsel, securities compliance, and final agreement. Manhattan will also seek to leverage these investments by providing investment banking expertise and the business development contacts to these companies.
“We believe that our unique business model will provide strong risk-adjusted returns in microcap stocks,” said John Lux, a managing director of Manhattan. “This has been a sector that institutional investors have not been able to effectively access because it is too costly to select and monitor smaller ventures, much less participate in management. This lack of institutional funds has left the sector wide open for a vehicle to allow institutions to participate, seeking strong risk-adjusted returns.”
While microcap stocks may offer much larger returns than large cap stocks, microcap stocks also have very large risks. “We believe that venture companies are not well served by the current opportunities to obtain finance,” said Mr. Lux. “Thus, while microcap companies may have valuable disruptive products and newer, better business models for their core products and services and thus can offer blockbuster returns on investment unmatched by any other investment sector, they usually lack the financial and business expertise needed. Manhattan’s principals have years of experience in dealing with the unique problems of venture companies.”
For more information on Manhattan Capital Corp., LLC, go to http://www.manhattancapitalcorp.com
Information Architects (IACH) is a distribution and marketing company operating through a number of distribution channels and is focused on three major market segments: clean tech, medical devices, and pet products. http://www.ia.com
American Community Development Group. Inc. (ACYD) is a team of social entrepreneurs that acquires and or manages commercial real estate properties, hotels, motels, apartments and mobile home communities. These properties are often used as affordable housing units to benefit the clients of not-for-profit groups. http://www.americancommunitydevelopment.com
Macada Holding, Inc. (MCDA) is a diversified holding company targeting, developing the international sales and partners in medical and arms research, development, manufacturing and distribution. http://www.lyfetec.com
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Manhattan Capital Corp., LLC undertakes no obligation to update such statements.
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