As the merger now is complete between Aventura Holdings, Inc. (formally known as Sun Network Group, Inc. SNNW) and Aventura Networks, LLC we are very excited about the future prospects for the Company.
In preparation for the reverse acquisition, Aventura internally transformed and improved initiatives designed to bring greater long-term shareholder value. We are and continue to take targeted, strategic action to acquire and enhance the value of currently held portfolio investments.
Aventura understands the transformative power of networking. We are fundamentally "changing the game" for our targeted investments. Capital infusion and public exposure will allow our portfolio investees to successfully reinvent their operations with new levels of productivity and insight.
Through your investment in Aventura, you are part-owner of a great company. We are advantaged on many levels, from fierce management style and technological expertise to our operational scale. We are moving forward with a strategic vision at a time when many competitors continue to struggle with fundamental issues of profitability and debt management.
Through ongoing innovation and investment, we are transforming our Company beyond its core telecom heritage to become a "business development company." We will continue to take targeted, strategic action to deliver world-class performance over the long-term. In short, Aventura is a company "on offense," and we intend to set the standard by which other business development companies are measured - today, and for many years to come.
On March 15, 2005, the Company filed form N-54A with the SEC Securities and Exchange Commission to become a Business Development Company (BDC) pursuant to Section 54 of the Investment Company Act of 1940 (the 1940 Act). As a result of its new status, the Company operates as an investment holding company. New acquisition investments will be designed to build an investment portfolio and enhance the Company's shareholder value. It is the Company's intention to provide capital and advisory services for management buyouts, recapitalizations, and the growth and capital needs of emerging growth companies.
As a BDC, the Company is structuring itself in a manner more consistent with its current business strategy. As a result, the Company is positioned to raise capital in a more efficient manner and to develop and expand its business interests. The Company is currently concentrating its investment strategies in the telephony sector and plans to expand its potential acquisition investments to other lines of business and industry. Acquisition investments, in total, will enhance value to stockholders through capital appreciation and payments of dividends to the Company by its investee companies.
BDC regulation was created in 1980 by Congress to encourage the flow of public equity capital to small businesses in the United States. BDC's, like all mutual and closed-end funds are regulated under the 1940 Act. BDC's report to stockholders like traditional operating companies and file regular quarterly and annual reports with the Securities and Exchange Commission. BDC's are required to make available significant managerial assistance to their portfolio companies.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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Man, that is one ugly quarterly report. All you had to do is have pockets and the company stuffed them full of newly issued stock. Excuse me, while I finish puking.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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