Its all in the PRs
EFGO has been working on this merger for a while. They even secured
legal counsel in China to help them get this done right.
IMO
Just read the PRs
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Retains Chinese Law Firm for Upcoming Projects
LAS VEGAS, Sept. 24 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) www.espritfinancialgroup.com has retained the services of a Chinese law firm with recognized expertise in a number of areas including securities, Chinese corporate law as well as Chinese and International finance.
In addition to representing China-based clients in international matters, the firm represents many companies in the U.S. and Europe working in China.
The firm has extensive knowledge of the often complex Chinese regulations with regards to international business, including securities law, joint ventures, Mergers and Acquisitions, Reverse Mergers and related services. Importantly, the specific lawyer retained works in both Chinese and English, providing a vital bridge to minimize the risk of unintentional misunderstanding arising in negotiations.
Esprit CEO Garr Winters commented: 'We feel that it is prudent to retain local counsel at this juncture. A number of projects in negotiation will require local legal expertise in regards to Chinese regulations, and to ensure deals are properly structured moving forward. These projects will be announced as appropriate as they come to fruition.'
Winters added: 'We anticipate the need for a local law firm to provide due diligence investigations, issuing legal opinion regarding Chinese law, drafting and/or examining documents involving Chinese law, submission of legal documents to relevant government departments, and looking further down the road, designing and structuring merger plans as appropriate.'
About Esprit Financial Group Inc.
Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division; Forex Trading; Advanced Electronic Funds Management; and Specialized Investment Banking and Financial Advisory Services.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.
SOURCE Esprit Financial Group
Source: PR Newswire (September 24, 2007 - 6:00 AM EDT)
