Timios National Corporation (fka HOMS)

[jmhollen]

Celerity Systems Acquires Interest in Yorkville Advisors Management, LLC
(Source: PR Newswire) 01/08/04 07:54

KNOXVILLE, Tenn., Jan 08, 2004 /PRNewswire-FirstCall via Comtex/ -- Celerity Systems, Inc. (OTC Bulletin Board: CESY), a business development company and provider of innovative digital video on-demand solutions, announced today that it acquired an interest in Yorkville Advisors Management, LLC, the investment manager of the private equity fund of Cornell Capital Partners, L.P. Cornell Capital Partners specializes in providing various types of funding to public companies. Celerity Systems anticipates that the investment will generate a positive cash flow.

Robert Legnosky, Celerity's President, commented that this investment signifies Celerity's intent to pursue investment opportunities in profitable businesses. Improvements to the company's balance sheet have permitted management to focus on operational matters, including the investment in Yorkville Advisors Management.

About Celerity Systems, Inc.

Celerity Systems is a business development company that intends to focus on making investments in securities of other companies. Celerity Systems has investments in Yorkville Advisors Management and a company that designs, develops and markets advanced digital set-top-boxes and video servers for interactive television and high-speed Internet. Celerity also provides a comprehensive package of content, including 1,300 titles available, for entertainment and educational applications. Additional information on Company can be found online at: http://www.celerity.com.

Company Contact:

Robert Legnosky, President & CEO
Celerity Systems, Inc.
865-539-5300
[e-mail]

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.

SOURCE Celerity Systems, Inc.

CONTACT: Robert Legnosky, President & CEO, Celerity Systems,
[phone], [e-mail]
URL: http://www.prnewswire.com
http://www.celerity.com