CorpHQ Portfolio Company Safeguard Technology Completes Reverse Merger to Create SGT Ventures SGT Ventures Becomes First CorpHQ Portfolio Company to Achieve Public Listing REDONDO BEACH, Calif., April 12 /PRNewswire-FirstCall/ -- CorpHQ, Inc. (OTC: COHQ) announced that its portfolio company Safeguard Technology International, Inc., has successfully merged with SGT Acquisition Company, Inc., a wholly owned subsidiary of publicly-traded SGT Ventures Inc. ('SGT Ventures'). SGT Ventures' common stock trades over-the-counter on the Pink Sheets under the trading symbol 'SGVN.'
As part of the merger transaction, the Safeguard Technology International, Inc., shareholders will receive shares of SGT Ventures in exchange for their Safeguard Technology shares. Safeguard Technology's current management will take equivalent Board and executive positions in which will continue to operate through its wholly owned subsidiaries, including Moore Protection Inc.
With the completion of this transaction, CorpHQ, Inc., has successfully launched its portfolio company and furthered its business of finding, funding and advising small companies on the path to becoming publicly traded entities. A homegrown CorpHQ portfolio company, Safeguard has grown from concept to public listing, establishing itself as a leading provider of next-generation electronic security systems for the high-end residential market in Southern California.
CorpHQ CEO Steve Crane commented: 'Safeguard began as a concept -- a great idea, a needed service, a good marketing strategy, breakthrough technology and a growing market. By providing strategic direction, operational support and access to capital we helped Safeguard transform that visionary idea into a thriving business and, today, into a publicly listed company with a very bright future. This is a true validation of our ability to drive the growth of emerging companies and a testament to our team's talent and hard work. We are thrilled for SGT Ventures and look forward to sharing in their great success in the future.'
SGT Ventures President Robert Perea said: 'We would like to thank CorpHQ for their intense effort, commitment and vision in shepherding our company through its formative stages. Becoming a standalone public company is a huge accomplishment and we are ecstatic to have grown to this level, but we believe this is only the beginning. We are rapidly increasing market share in a highly lucrative industry and working to expand our reach via a very smart growth-by-acquisition strategy. As a publicly traded company, we are perfectly positioned to maximize the exceptional growth opportunities we see before us.'
SGT Ventures, Inc. provides innovative technology-based security solutions for elite-class residential clients. Through its Moore Protection business unit, the company delivers leading edge alarms, digital surveillance systems and third-party alarm and video monitoring to customers who demand and can afford the finest residential security services and systems. Positioned within the $21.9 billion electronic security industry, SGT Ventures' strategy is to grow both organically and through strategic acquisitions of companies that span the landscape of residential security, entertainment and technology. SGT Ventures is the first of CorpHQ's portfolio companies to achieve a public listing. SGT Ventures can be found on the internet at www.sgtvinc.com.
About CorpHQ, Inc.
CorpHQ, Inc. provides money and management to high caliber early stage companies, fast-tracking their growth from startup to profitability. Acting as a business accelerator, CorpHQ works with high potential entrepreneurs and provides both the capital and hands-on leadership needed for long term growth. The company has a track record of building successful businesses and making a profit. Since 2001, it has helped develop seven companies while generating five consecutive years of growth and earnings for shareholders.
CorpHQ can be found on the internet at www.corphq.com. The company voluntarily reports all financial information and material events on www.pinksheets.com.
Forward-Looking Statements
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results of the specific items described in this release, and the company's operations generally, to differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of such statements, and we disclaim any obligation to update information contained in any forward-looking statement.
For more information please contact: CorpHQ, Inc. Investor Relations 310-540-8851 Alan W Silberberg or Gregg Davis aws@corphq.com or gregg@corphq.com
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