NIR Group

[hedgeman]

Check this out.

This seems to be an example where NIR works with their companies to restructure. According to the below article this situation is a win win for all involved. Looks pretty favorable to me.




http://www.marketwatch.com/news/story/edoorways-explores-financial-restructuring/story.aspx?guid=%7B15939315-4FC0-4EF5-A114-C15E580E8B99%7D&dist=hppr

eDOORWAYS Explores Financial Restructuring


Last update: 4:30 p.m. EDT Sept. 3, 2008
HOUSTON, Sep 03, 2008 (BUSINESS WIRE) -- eDOORWAYS Corporation (Pink Sheets:EDWY) is in high-level discussions with its primary creditor, The N.I.R. Group, LLC, about a restructuring of the company's debt. eDOORWAYS is seeking a possible restructuring, which will increase the financial flexibility of the Internet company. Eric Noveshen, managing director of Envision Capital LLC, in a discussion with analysts, said, "The negotiations are progressing rapidly, which should be a win/win for both companies. N.I.R.'s flexibility afforded to eDOORWAYS could result in higher overall returns to the fund, while providing eDOORWAYS multiple avenues to raise additional capital and expand their business."
After receiving a modest capital infusion from N.I.R., eDOORWAYS was given its first chance to develop the much-anticipated brand being designed by top award-winning Microsoft partner speakTECH ( www.speakTECH.com). The platform is a business-to-consumer social network website integrating advanced search technologies to solve lifestyle problems for consumers while driving traffic through the physical and/or virtual doorways of goods and service providers. eDOORWAYS, through its next-generation networking interface, could deliver a real-time collaborative problem-solving venue -- enhancing instantaneous information sourcing. eDOORWAYS should ultimately create an immediate solutions network that connects local businesses with consumers in need of immediate answers, goods or services, with expert assistance.
eDOORWAYS' immediate consumer target is the 45+ million "micro boomers" or young Internet-savvy s on the web today. Small businesses, which comprise approximately 97% of American business, are the target revenue market. The overall market for eDOORWAYS is therefore geographically diverse and robust for both its user base and revenue s. And considering the current price multiples of similar web-based companies, the value potential of eDOORWAYS may be immeasurable.
As eDOORWAYS heads into its launch, both the company and N.I.R. recognized the need for structural evolvement. Sources close to the talks believe the negotiations have been quietly ongoing for some time now and could conclude with positive results. "The fact that N.I.R. has made this consideration is good gesture and testament to their interest in assisting emerging companies like ours," said Gary Kimmons, CEO of eDOORWAYS. "It seems all is going well thanks to N.I.R.'s generosity and the capabilities of Envision Capital."
Ajene Watson, whose company AJENE WATSON, LLC is a primary consultant to eDOORWAYS, recruited Envision to assist in the success of these types of negotiations. "I'm very pleased with our choice of Envision and am sure both eDOORWAYS and N.I.R. wouldn't have preferred any other liaison between them," said Watson. Envision Capital LLC is a boutique venture and advisory firm providing advice on mergers and acquisitions, restructurings, strategic alliances, reverse mergers and structured financings to public and private companies.