Envit Capital Announces Plan to Reduce Outstanding Shares by 30 Million

  
    
  
  
    
      Envit Capital Group, Inc., (PINKSHEETS: ECGP) is pleased to announce 
      that its Board of Directors will authorized a series of private 
      transactions to reduce the outstanding shares of the company by 30 
      Million.
    
    
      In the transactions that lead up to the Reverse Merger of The Envit 
      Capital Group, Inc., and Fortel, Inc., the CEO and Chairman Edward M. 
      Laborio had acquired 200,000 of the outstanding 300,000 convertible 
      preferred shares, convertible at a 100:1 ratio, equating to 30,000,000 
      shares. These shares are due to convert into common shares shortly and 
      the Board of Directors has made the decision to prevent any further 
      dilution of the outstanding shares by returning all of the shares to its 
      treasury.
    
    
      Envit Capital believes that the stock price does not reflect the growth 
      of the Company and will continue to take measures to reduce the amount 
      of the outstanding shares of the company. Envit Capital will continue 
      these aggressive measures in order to reach the company's EPS goal in 
      the next fiscal year.
    
    
      CEO & Chairman, Edward M. Laborio said, “The 
      Board of Directors is currently evaluating the current outstanding share 
      structure and is exploring the possibility of reducing additional 
      outstanding Shares”.
    
    
      ABOUT
    
    
      The Envit Capital Group, Inc., (Envit Capital) is a development stage 
      boutique investment banking, securities and investment management firm 
      that will provide a range of services to a client base that will include 
      business, institutions, and high-net-worth individuals. Its objective is 
      to be active in all three of the following segments: Investment Banking, 
      Trading and Principal Investments, and Asset Management and Securities 
      Services.
    
    
      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.