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Manaris Corporation, formerly C-Chip Technologies Corporation, Engages Midtown Partners & Co., LLC as Mergers and Acquisition Advisors Monday July 25, 9:44 am ET
MONTREAL--(BUSINESS WIRE)--July 25, 2005--Manaris Corporation (OTCBB:CCHI - News; Frankfurt WKN:255471), a company focused on providing enterprise risk management services and solutions, is pleased to announce that it has engaged New York-based Midtown Partners & Co., LLC as its Mergers and Acquisitions advisors. ADVERTISEMENT
Under the terms of the one year agreement, Midtown Partners & Co., LLC will act as the Company's consultant providing strategic advice and consulting services regarding potential mergers & acquisitions, joint ventures and strategic alliances.
"Manaris Corporation now has four wholly-owned subsidiaries, which on a combined basis may be worth more than the current market capitalization of our company suggests," said Stephane Solis, President and CEO of Manaris Corporation. "Over the past year, we have expanded the scope of our business considerably, and can now offer our growing customer base with a broad range of enterprise risk management services and solutions. Through our agreement with Midtown Partners, we are continuing to build on a relationship that has already greatly enhanced the value of our company. As we continue to increase our revenues and gross profits, we have begun to evaluate different strategic opportunities, which range from spinning off specific components of the Company and evaluating the potential sale of certain assets and divisions to making additional strategic acquisitions. Over the next few months we anticipate embarking upon new ventures that should enhance long-term shareholder value."
About Midtown Partners & Co., LLC
Established in May 2000, Midtown Partners & Co., LLC is a New York-based investment bank focused on providing investment banking services, merger and acquisition guidance and coordinating private placements. The investment banking group at Midtown Partners & Co., LLC was founded on the premise that client relationships and industry focus are keys to the success of emerging growth companies. Such companies require investment banking services from a firm with a unique understanding of the marketplace and the nature of these transactions. Additional information can be found at www.midtownpartners.com.
-------------------- as Posts: 37 | From: d | Registered: Jul 2005
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