More News..............Consolidated General, Inc Receives $550,000 Commitment to Fund Vancouver Ravens
10/20/2004 9:52:59 AM
MARIETTA, GA, Oct. 20, 2004 (MARKET WIRE via COMTEX) -- CONSOLIDATED GENERAL INC. ( JVGI ) announces that it has received a commitment from Private Equity Investors for $550,000 of funding. This new capital will be used specifically for the general day-to-day operations of The Vancouver Ravens which are the newest sports venture to be managed by Staffco Enterprises, a wholly owned subsidiary of Consolidated General.
This latest commitment brings the Company ever closer to its goal of receiving institutional funding of $6 to $8 million. This injection of capital is an important milestone that should allow Consolidated General to achieve revenue goals of $3 million in the first year of operations and expand to over $50 million in revenue within five years. Such exponential growth is possible because of an aggressive strategy to implement a well-defined business plan designed to build an immediately sustainable and profitable company.
President of Consolidated General, Pierre Quilliam, stated, "This latest commitment of capital reflects the market's confidence in Consolidated General's ability to penetrate the multi billion dollar marketplace of sports marketing. With this latest round of funding, the Vancouver Ravens can feel secure in our ability to successfully manage their full day-to-day operations in an efficient and profitable manner."
For further information contact Rich Kaiser YES INTERNATIONAL, Information Agent, for Consolidated General, Inc. #800-631-8127.
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