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The directors of Electronic Media Central Corporation (OTCBB:EMEC) have
approved an initial Marketing Plan to launch its initiative as a new
Business Development Company (“BDC”)
under the Investment Company Act of 1940. As a BDC it will operate under
the name of MorrisBDC (www.MorrisBDC.com)
and be affiliated with the Morris Capital Fund I, LP and BDC Capital
Management, LLC to provide both a source of capital and significant
management support for its client portfolio companies, said George
Morris, president of EMEC.
The election by EMEC to subjecting itself to the Investment Company Act
of 1940 was filed with the Securities and Exchange Commission on May 12,
2006. This transformed EMEC into a closed end investment fund.
Morris stated, “Now EMEC is ready to carry out
its mission statement as a BDC and help small American companies (under
$100-million) source capital from and through EMEC which, as a BDC, is
authorized to make investments in securities of both private and
thinly-traded public US companies. Further, as a BDC, it will offer
significant support concerning management and operations, establishing
objectives and policies, arranging financing, recruiting management
personnel and evaluating merger and acquisition opportunities that the
clients need to succeed.” Morris further
stated that EMEC plans to receive both stock and fees from the portfolio
companies that are profitable private companies ready to go public or to
redirect public companies with problems to go into new areas of business
activity to increase their value.
“Our proposed advisor team represents
significant experience in all facets of developing, managing and
supporting both planned and existing public companies that will be part
of the investment portfolio of EMEC,” said
Morris. “We are networking and seeking
investments in companies with excellent management that are driven by
special events such as going public, mergers and acquisitions and
technology developments.”
Any forward-looking statements contained in this press release are
qualified in their entirety by the complete discussion of risks set
forth in EMEC’s most recent annual report on
Form 10-KSB and quarterly report on Form 10-QSB filed with the
Securities and Exchange Commission and available on the Commission’s
Web site (www.sec.gov) and other sites.
“MorrisBDC Redirect”
and “Morris Corporate Redirect”
and their logos are trademarks of EMEC.
The directors of Electronic Media Central Corporation (OTCBB:EMEC)
have approved an initial Marketing Plan to launch its initiative as a
new Business Development Company ("BDC") under the Investment Company
Act of 1940. As a BDC it will operate under the name of MorrisBDC
(www.MorrisBDC.com) and be affiliated with the Morris Capital Fund I,
LP and BDC Capital Management, LLC to provide both a source of capital
and significant management support for its client portfolio companies,
said George Morris, president of EMEC.
The election by EMEC to subjecting itself to the Investment
Company Act of 1940 was filed with the Securities and Exchange
Commission on May 12, 2006. This transformed EMEC into a closed end
investment fund.
Morris stated, "Now EMEC is ready to carry out its mission
statement as a BDC and help small American companies (under
$100-million) source capital from and through EMEC which, as a BDC, is
authorized to make investments in securities of both private and
thinly-traded public US companies. Further, as a BDC, it will offer
significant support concerning management and operations, establishing
objectives and policies, arranging financing, recruiting management
personnel and evaluating merger and acquisition opportunities that the
clients need to succeed." Morris further stated that EMEC plans to
receive both stock and fees from the portfolio companies that are
profitable private companies ready to go public or to redirect public
companies with problems to go into new areas of business activity to
increase their value.
"Our proposed advisor team represents significant experience in
all facets of developing, managing and supporting both planned and
existing public companies that will be part of the investment
portfolio of EMEC," said Morris. "We are networking and seeking
investments in companies with excellent management that are driven by
special events such as going public, mergers and acquisitions and
technology developments."
Any forward-looking statements contained in this press release are
qualified in their entirety by the complete discussion of risks set
forth in EMEC's most recent annual report on Form 10-KSB and quarterly
report on Form 10-QSB filed with the Securities and Exchange
Commission and available on the Commission's Web site (www.sec.gov)
and other sites.
"MorrisBDC Redirect" and "Morris Corporate Redirect" and their
logos are trademarks of EMEC.
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