ECGP Envit Capital Group Inc (CE)

The Envit Capital Group, Inc., -- (Envit Capital) -- (Symbol: ECGP), announced today that they have initiated the necessary first preparatory steps in order to apply for approval to trade on the Over the Counter Bulletin Board. Envit Capital currently trades on the pink sheets and has an ultimate goal to list on the AMEX within the next 24 months providing the Company adheres to current AMEX listing requirements. ECGP and its shareholders will be able to take advantage of the numerous benefits from Envit�s growth potential through the process of becoming a fully reporting entity. With the audited financials and subsequent filings, the move will contribute to shareholders gaining added value when the goal is achieved. Chairman and CEO, Edward M. Laborio said "The upgrade to the OTC Bulletin Board will give our company the transparency that investors require when deciding to become shareholders in a financial company in the wake of the recent financial industry turmoil, as well as related operational efficiencies resulting from our efforts to streamline the organization". 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. Asset Management and Securities Services The Company�s asset management business provides investment advisory services and will offer investment products (primarily through separately managed accounts) and will generate revenues in the form of management and incentive fees. Securities Services will provide generated revenues primarily in the form of commissions or fees from licensed registered representatives servicing clients separate brokerage accounts. Securities Services may provide the following; brokerage services to institutional clients, including hedge funds, pension funds and foundations, and to high-net-worth individuals. The Company currently only offers Investment Advisory services to high-net-worth individuals through Envit Capital Private Wealth Management, LLC and is currently registered with two branch offices in Texas and Ohio. The Company does not currently provide securities services. Investment Banking Envit Capital will look to provide a range of investment banking services to financial institutions, investment funds, and individuals. These activities may include advisory assignments with respect to mergers and acquisitions. Other activities may include public offerings and private placements of a range of securities and other financial instruments, including common and preferred stock, convertible and exchangeable securities, investment-grade debt, high-yield debt, sovereign and emerging market debt. Envit Capital currently does not participate in any Investment Banking services. Principal Investments Principal Investments division will aspire to facilitate transactions with a group of corporations, financial institutions, investment funds, and individuals. The firm will look to take positions through trading and investing in a broad array of multi-strategies in such investments as equity, debt, currencies, commodities and derivatives and real estate. Envit Capital will make principal investments directly and through funds that it raises and manages. 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.