Replies to post #1101 on Wyncrest Group, Inc. (WNCG)

[stevo51]

Press Releases

CHICAGO, July 8
Wyncrest Group, Inc. Announces Planned Acquisitions
The Wyncrest Group, Inc. (Pink Sheets: WNCG) today announced that it continues to make progress in its discussions with its targeted acquisitions. The company signed a Letter of Intent to purchase a management consulting services provider based in Florida, and is conducting due diligence on several other potential targets. Subject to the capital markets, a definitive agreement on the Florida-based company is expected in the third quarter of this year.

Bill McFarland, chairman of the company, commented, "We are pleased with the strides our management team has made in seeking and attracting profitable enterprises that will be accretive to our company. The solid foundation we have in place through Southwest Financial, gives us an advantage over our competitors in a tough market. Shareholders should continue to expect positive developments in both of acquisition and organic growth strategies in the weeks and months to come."

For more information, please contact Investor Relations at [phone]