American Capital Partners Limited, Inc. Announces Acquisition of
IPower Applications, Inc.
WEST PALM BEACH, Fla. (Business Wire EON/PRWEB ) December 13, 2007 --
American Capital Partners Limited, Inc.
(OTC:APRJ), a publicly held Business Development Company located in
Florida, announces the acquisition
of IPower Applications, Inc., a
privately held Nevada corporation, whereby IPower Applications, Inc.
will remain the surviving entity.
“This acquisition is the ultimate fulfillment
of the Business Development Company model. We look forward to working
with the management of IPower Applications to invest the necessary
capital to move their business ahead in child internet security services,”
says Frank Speight, Chairman of American Capital Partners Limited. He
further states that, “Our due diligence for
the acquisition of an internet security child safe software company
shows IPower to have THE cutting edge technology in the rapidly growing
Family oriented Internet security field.”
“American Capital understands the power of
securing web-based solutions for managing child internet security for
safe Internet experiences and has been looking for a quality player in
that field for quite some time,” stated
Anthony Ranallo, President of IPower Applications and creator of the
Home POW WOW brands. “American Capitals'
ability to secure equity capital provided by public shareholders and
financial institutions, as well as sources of debt capital is exactly
what we've been seeking to take IPower to the next level. We are very
impressed by the incredible loyalty and competence of American Capitals'
business partners and we're looking forward to joining forces to help
provide the best web-based solutions for managing safe Internet
experiences in this very demanding and dangerous electronic world,”
Mr. Ranallo concluded.
About IPower Applications:
IPower Applications, Inc. (www.doyoupowwow.com)
is the leading provider of integrated on-demand portal based
applications for home, office and school security. IPower Applications'
adaptable configuration provides users with delivery options applying
secure on-demand services or on-premise service applications; both to
meet individual and corporate users' design needs. The IPower POWWOWtm
Suite is a place on the web where families and friends can safely gather
online. Also, the POWWOW Suite offers chat room monitoring, destination
monitoring, social network monitoring and alert notifications sent in “real
time” for identifying inappropriate content or
potential sexual predator activity. You can be notified IMMEDIATELY via
cell phone or email.
Safe Harbor:
Certain statements contained in the press release are “forward-looking
statements” within the meaning of applicable
federal securities laws, including, without limitation, anything
relating or referring to future financial results and plans for future
business development activities and thus prospective. Forward-looking
statements are inherently subject to risks and uncertainties, include,
without limitation, the risks and uncertainties some of which cannot be
predicted or quantified based on current expectations. Such risks and
uncertainties include, without limitation, the risks and uncertainties
set forth from time to time in reports filed by the company with the
Securities and Exchange Commission. Although the company believes the
expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such expectations will prove
to have been correct. Consequently, future events and actual results
could differ materially from those set forth in, contemplated by, or
underlying the forward-looking statements contained herein. The company
undertakes no obligation to publicly release statements made to reflect
events or circumstances after the date hereof.
See the original story at: http://eon.businesswire.com/releases/ipower/applications/prweb576512.htm
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