Iron Leaf Capital IPO Brings 'Green Companies' to Entrex
06 July 2007 - 7:02AM
PR Newswire (US)
CHICAGO, July 5 /PRNewswire/ -- Iron Leaf Capital (NASDAQ:IRON), a
business development corporation making investments into a diverse
portfolio of private companies, has signed a Memorandum of
Understanding with Entrex, Inc., to provide quarterly valuation and
reporting services for their holdings. The pending IPO is expected
to raise approximately $100M to deploy into a portfolio comprised
of "Positive Impact" companies -- which marks the first instance of
equity from private companies in this "green" sector being
available to retail stock market investors. According to SEC
filings, Iron Leaf Capital defines Positive Impact as " ...
businesses that are included in the LOHAS [Lifestyles of Health and
Sustainability] sector, as defined by NMI [Natural Marketing
Institute]. In addition ... service and technology companies that
serve the LOHAS and social capitalism sectors ... companies
involved with the restoration of the planet, such as environmental
remediation and finance, water purification and sourcing, as well
as alternative energy or 'clean-tech' industries, or companies with
interests in technologies that serve these industries." Entrex, a
name derived from "Entrepreneurial Exchange," is a marketplace
where investors can find, research, track, manage and invest in
private companies. Their representatives and company materials
maintain that they are neutral to the deal process as they are not
a broker-dealer themselves nor an investment adviser. Their role,
through their proprietary corporate review process, is to package
quarterly independent valuation and reporting services which, to a
great extent, mirror the SEC reporting methodologies required of
public companies to serve the interests of shareholder education
and protection. Entrex anticipates beginning service to IRON in Q3
2007. Entrex founder and CEO, Stephen H. Watkins, explains his own
enthusiasm for the arrangement, "This is the first time that a
publicly traded investment vehicle, with a 100% private equity
portfolio, is striving to provide this level of independent
transparency and accountability to their shareholders regarding the
financial performance of their holdings. Plus, Iron Leaf's social
responsibility focused companies will be a welcome addition to our
marketplace. We are regularly approached by investment bankers,
M&A deal makers and other financial professionals seeking a
qualified listing of companies in this sector who are focused on
financial transactions." About Entrex: Entrex
(http://www.entrex.net/) works with private companies and
accredited/institutional investors creating a venue where investors
can find, research, track, manage and invest in private companies.
Through its innovative approach and process, Entrex is creating a
whole new path to capital for entrepreneurial businesses. Entrex
offers the investment community access to current and historical
information and research previously unavailable for private
companies -- along with geographic and industry sector comparisons
of the private marketplace via its benchmarking tool, the Private
Company Index (http://www.privatecompanyindex.com/). Contact: John
Ferguson Ferguson Advertising Direct (260) 426-4401 Available Topic
Expert(s): For information on the listed expert(s), click
appropriate link. Stephen H. Watkins
http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=50162
DATASOURCE: Entrex CONTACT: John Ferguson of Ferguson Advertising,
+1-260-426-4401, , for Entrex Web site: http://www.entrex.net/
http://www.privatecompanyindex.com/
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