FRTL Fortel has been acquired by Envit Capital! Envit is a very successful Hedge Fund Company that has gone public through a reverse merger with FRTL. FRTL was a 'clean' shell through bankruptcy proceedings. Envit Capital has launched its' new website confirming the reverse merger. DO YOUR OWN 'DILIGENT' RESEARCH on this one. This stock is incredibly under-valued. There are, at present, no PRs and the get in price is .08 as of 24 July 2008. Calculate the PPS and see if this is worth it. Again, at present there has been no PRs... 'but there will be!' I sincerely wish everyone the best. FATHER BLESS jim
This a mighty fine PR came out couple of days ago:
Envit Capital Group, Inc. (ECGP) Completes Reverse Merger with Fortel, Inc.
Merger Approved - Trading Effective Today Shares Authorized: 40,000,000 Shares Outstanding: 1,015,097 Exchange: Pink Sheets Symbol: ECGP Envit Capital Group, Inc. is pleased to announce the merger between Fortel, Inc. and Envit Capital Group, Inc. With the merger having been approved by FIRNA on August 22, 2008, the new company will begin trading effective today, August 25th, 2008 under the new symbol ECGP.
Envit Capital Group, Inc.
The Envit Capital Group, Inc. operates as a holding company for financial entities, investor partnerships, and asset management subsidiaries.
Envit’s strategy for growth in 2008 is to continue aggressively acquiring additional Financial Firms and other Financial Entities to increase our assets under management. The acquisition of additional Financial Firms will increase Envit’s revenues significantly. Our goal for Envit is to have $1 billion under management by the end of 2009. We also desire to expand by strategically placing offices throughout the metro United States.
The founder, CEO and Chairman of Envit Capital Group, Inc., Edward M. Laborio stated, “The reverse merger of Envit Capital Group, Inc. with Fortel, Inc. is complete. I look forward to the transition of introducing Envit Capital as a publicly traded entity to institutional and individual investors alike.” Laborio further stated, “Our Company has a lot of exciting projects in the works. I anticipate 2008-2009 being very successful years for the company and the basis of a long successful presence in the financial industry. Our zero debt will provide us with the explosive growth we are seeking in 2008. It is my hope and desire that our business model as an asset manager will be well received by the investing public.” The Company would like to inform current shareholders of Fortel, Inc. that after months of deliberation, the Company has made careful consideration in the decision to reverse split the outstanding Fortel, Inc. stock by a 30-1 ratio. The trading activity in Fortel, Inc. prior to the merger was an issue to the Company and was brought to our attention as a concern by FINRA. We also believe that past promoters and investor relations individuals for Fortel, Inc. and Zitel, Inc. were in possession of a substantial amount of the outstanding float. The reverse split was a precautionary measure to protect current Fortel, Inc. and Envit Capital Shareholders from possible unscrupulous manipulative tactics. Envit Capital did not promote nor did it ever invite any individual investor to invest in Fortel, Inc. prior to the merger and because of the unexplained activity in the stock, Management made a conscious decision not to issue any news prior to the merger.” Envit Capital Group, Inc. has sold approximately 6,000,000 Class B Common restricted shares and approximately 1,500,000 Class A Preferred shares of Envit Capital, LLC under the securities act of 1933 and in association with Regulation D and Rule 144. These shares will be exchanged for restricted Envit Capital Group, Inc. stock in the very near future. The current outstanding structure of 1,015,097 shares will not be diluted until these restrictions are lifted in adherence with Rule 144. Currently no shares have been issued to any promoters, investor relations companies and family or friends of executives from Envit Capital.
Envit Capital will be issuing the Company’s Financials in the very near future and also will invite shareholders to take part of our fist public conference call. Management is currently working with the Pink Sheet Exchange to update all information and plans on being awarded the appropriate transparent “PS Current Information” connotation on www.pinksheets.com. It is also Envit’s intention to move its listing to the OTCBB as soon as we adhere to current OTCBB listing requirements.
The company 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.