Thursday, January 18, 2018 2:49:07 AM
$ PDXP. PDX Partners Inc. Acquires $350,000,000 In AAA Rated Assets to Bolster Balance Sheet
PORTLAND, Ore., Jan. 17, 2018 (GLOBE NEWSWIRE) -- PDX Partners, Inc. (OTC PINK: PDXP) ("the Company"), a Telecom company, announces that it has acquired 7,160 Trust Units from NVC Fund LLC a Delaware, LLC (“NVC”), a Trust Manager of NVCFUND Holding Trust, respectively.
On October 7, 2017, Standard and Partners, a respected Auditing firm have appraised and valued the NVC FUND Holding Trust business in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP) as promulgated by the Appraisal Foundation and the International Valuation Standards (IVS) published by the International Valuation Standards Council covering the last 3 years. The Fair Market Value of One Trust Certificate Unit was appraised and valued at Forty-Eight-Thousand-Eight-Hundred and-Eighty-One US Dollars ($48,881).
On October 15, 2017 Saifur Rahman and Associates scored NVCFund Holding Trust a credit rating of 1.2 ("AAA" equivalent), meaning a Prime Investment Grade Rate. The financial score of 0.5 and Business and Industry risk is 1.0 and is accompanied by the favorable Country risk and Management risk leading to a final credit rating score of 1.2.
Said PDXP CEO Patrick Johnson:: "The acquisition of these AAA rated NVC Assets with convertible preferred stock is a great way to bring substantial Net Asset Value to the company's books. The company now possess the financial backbone to enhance our business capabilities exponentially moving forward.”
The companies have scheduled an escrow closing for the transfer of securities.
About NVCFUND Holding Trust
NVC Fund Holding Trust is a private equity investor in Natural Resources, Rare Earth, Oil and Gas, Entertainment, Real Estate Development, Private Banking, Trust Management, Wealth Aggregation, Investment Trading, Blockchain Technology, Fintech Cryptocurrency and Business Financial Services.
Founded in 2000, NVC Fund Holding Trust is one of the largest and fastest-growing private equity investment firms in the world in terms of Asset Holdings. NVC FUND HOLDINGS manage portfolio companies supported by CPA firm audited financial statements valued over USD 10 Trillion Dollars of Net Asset Value.
The company can be found at: http://nvcfund.com/Home.html
About PDX Partners
PDX Partners, Inc. (OTC PINK: PDXP) is a Telecom company dedicated to creating revenue and shareholder value by marketing Telecom products and acquiring other long-term growth assets. The company was founded in 1997.
For more information go to: www.pdxpartners.net and check out
http://adcenergy.org/
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It would pay to do some DD on
rbtree on 1/18/2018 12:45:17 AM
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