Americrew Inc. (ACRU)

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PhoneBrasil Retains Paradise Capital Group to Source Funding and Handle Future Acquisitions
Jul 8, 2008 7:30:00 AM
Copyright Business Wire 2008
View Additional ProfilesMIAMI--(BUSINESS WIRE)--

PhoneBrasil International, Inc. (Pink Sheets: PHBR), announces its new alliance with a Premier Consulting Firm, Paradise Capital Group LLC, to assist in corporate finance, business strategy, investment banking, and acquisitions & mergers. We have retained them on a performance basis and look to immediately create more shareholder value.

CEO of PhoneBrasil, Anderson Dias, stated, "With the enormous boom recently in the Brazilian Economy and Stock Market I felt it was important to retain an experienced consulting firm. I'm excited to announce this is a non dilutive collaboration and is based on a performance incentive and per transaction basis. Paradise Capital Group is known for assisting in the rapid growth of small cap companies. They specialize in Acquisitions, Mergers, Sales, Takeovers, Consolidation, Restructuring, and non dilutive financing. Paradise Capital Group has selected to work with PhoneBrasil International Inc. because they feel that this is a diamond in the rough."

President of Paradise Capital Group, Jason DeOliveira, commented "PhoneBrasil has the capabilities to become one of the next Latin American telecommunications conglomerate like Telefonica (NYSE: TEF), Brasil Telecom Participacoes S/A (NYSE: BRP), Brasil Telecom S.A. (NYSE: BTM), American Movil (NYSE: AMX), Telefonos de Mexico (NYSE: TMX), Telefonica Chile (NYSE: CTC) in the years to come. We look to provide the ideal solution to PHBR via processes and technologies to best manage, protect and optimize PhoneBrasil's biggest asset, their data. We feel with an additional injection of capital PhoneBrasil will be capable of executing multiple projects in order to produce immediate revenues & positive cash flow, and accomplish their short term goals to initiate their wireless presence across the globe."

As of recently Latin American communications companies are being swallowed up by Carlos Slim, Second-richest man in the world this year; even richer than Microsoft's Bill Gates, at least for now, thanks to strong Mexican equities market and the performance of his wireless telephone company, America Movil. Over the past three years alone Mr. Carlos Slim himself has invested over $3.0 Billion into the Brazil Telecommunications Industry.