StarInvest Signed Letter of Intent to Acquire Todd & Company, Inc. 07/02 08:00 AM
MIDLAND, TX -- (MARKET WIRE) -- 07/02/09 -- StarInvest Group, Inc. (STIV:$0.03,00$0.00,000.00%) is pleased to announce that it has signed a Letter of Intent ("LOI") to acquire all the outstanding shares of common stock of Todd & Company, Inc. ("Todd"), a FINRA SPIC Broker Dealer established in 1979 and located at 777 Terrace Avenue, Suite 503 Hasbrouck Heights, NJ 07604.
StarInvest (STIV:$0.03,00$0.00,000.00%) will acquire all the outstanding shares of common stock of Todd for $100,000 convertible note maturing in 13 months, immediately convertible at $.03 per share into restricted common stock of the Company, and 5 (Five) year warrants immediately exercisable at $.10 per share for an aggregate of 1,000,000 restricted shares of common stock of the Company.
Robert H. Cole stated: "Todd will compliment StarInvest (STIV:$0.03,00$0.00,000.00%) initiative to become a full service financial company focused on the small cap, OTC BB market. In addition, EXX will utilize Todd's infrastructure to roll out their services, offering clients complete privacy and increasing the level of service and products demanded by its customers." James Dovico of EXX.COM also stated: "A broker-dealer is exactly what we have been looking for to complete our package of services and retain revenues in our company for growth."
About Todd & Company, Inc.
Todd & Company was formed in 1971 as a full service BD and grew a retail staff of 125 brokers. In 1978 Todd & Company, Inc. sold its retail business to Muller and Co Inc., and focused on investment banking activities, while retaining its full service privileges. In the 1980s Todd & Company reestablished its retail business; today Todd & Company, Inc. is a full service BD in New Jersey in good standings with a full menu of services.
About StarInvest Group, Inc. (STIV:$0.03,00$0.00,000.00%)
StarInvest (STIV:$0.03,00$0.00,000.00%) owns and operates two subsidiaries: My Transfer Agent, LLC ("MTA"), a stock transfer agency, and EXX.COM, LLC ("EXX"), a connectivity and software solutions company.
MTA's seasoned management has been working for over 30 years with large established corporations as well as small emerging businesses, coupling today's technology with a personal touch, offering the convenience of 24/7 online access through the security of a Full Web Encryption, as well as, a qualified and professional customer service. A full menu of financial services to MTA (www.mytransferagent.com) customers creates a long term partnership with its clients.
EXX (www.exx.com) specializes in providing connectivity and software solutions to small and medium sized stock brokerage, arbitrage, investment banking firms, and Hedge Funds in major American markets. EXX's vision is to build autonomous, efficient, reliable and cost effective trading platforms in order to achieve Straight Through Processing (STP) in the financial industry. The company's main business is customizing proprietary platforms so from one program STP in enabled across all the financial networks.
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