Envit Capital (CE) (USOTC:ECGP)
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From Dec 2019 to Dec 2024
The Envit Capital Group, Inc., (Envit Capital) -- (PINK SHEETS: ECGP) --
a financial holding company for financial entities, headquartered in
Boston Massachusetts announced today that the Company has completed the
acquisition of a 5% ownership in Rib World. Rib World is a
state-of-the-art pre package pork processing operation, based in
Clonmel, County Tipperary, Ireland. The company concentrates on
producing pre package pork ribs. Rib World has just come off one of its
best months ever in October 2008, selling over 750,000 Euro in rib
sales. Rib World calls on many years of experience of operational meat
production. The plant is designed to produce a high-quality, unique pork
products for the European markets. Rib World was founded in 2003 by Bo
Nielsen and partners.
Chairman and CEO Edward M. Laborio said today, “Rib
World is an acquisition that we are very proud to announce. The growth
of Rib World in the past 24 months has been amazing and because of the
limitless potential of the company we have entered into an agreement to
acquire an additional percentage of Rib World, when and if parameters
have been satisfied on Envit Capital’s behalf.
At his time we are not able to divulge the details of the deal or
acquisition in order to honor the request of Rib World’s
private company status. These details will be released at a later date
when approved by Rib World.”
Laborio also stated, “I would like to note to
current shareholders that no freely trading shares in ECGP where given
to Rib World as exchange for the acquisition. The Board of Directors are
also exploring surrendering different outstanding classes of shares of
the ECGP in order to give current shareholders a better ratio of
ownership.”
Rib World
More information can be found about Rib World at www.ribworld.ie.
Envit Capital Group, Inc.
The Envit Capital Group, Inc. operates as a holding company for
financial entities, investor partnerships, and asset management
subsidiaries. The company is headquartered in Boston, Massachusetts.
The Envit Capital Group, Inc., is headquartered in Boston, Massachusetts
at 99 Summer Street; 17th Floor Boston, MA 02110 (617)-542-3333.
Forward-looking Statements
"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: This press release contains or may contain forward-looking
statements such as statements regarding the Company's growth and
profitability, growth strategy, liquidity and access to public markets,
operating expense reduction, and trends in the industry in which the
Company operates. The forward-looking statements contained in this press
release are also subject to other risks and uncertainties. The Company
assumes no obligation to update these forward-looking statements to
reflect actual results, changes in risks, uncertainties or assumptions
underlying or affecting such statements, or for prospective events that
may have a retroactive effect.