VIVI- Viva Enters into Investment Banking Agreement
Friday , November 19, 2004 12:34 ET
MIAMI, Nov 19, 2004 (BUSINESS WIRE) -- Viva International, Inc. (OTCBB:VIVI) announced that earlier today it had entered into an investment banking agreement with S. G. Martin Securities, LLC of Rocky Point, New York.
The agreement provides for retention of the S. G. Martin firm on a non-exclusive basis to assist the Company in formulating, initiating and implementing the Company's strategic business and capital formation plans and programs.
In addition, S. G. Martin will conduct a review and analysis of the Company's strategic business and prospective operations, corporate, capital and shareholder structures and immediate and future capital requirements of the Company. Martin's services are expected to include capital formation strategies and assistance to management in presentation to financial brokerage and security firms. S. G. Martin hopes to raise up to $10 million for aircraft financing commencing with initial efforts to secure SAAB 340 type aircraft under various open negotiations.
A Company spokesman indicated, "Viva is excited to be utilizing the talents and expertise of S. G. Martin to assist it in the implementation of its capital formation efforts. As part of our overall efforts, we are pleased that the engagement of the S. G. Martin firm has taken place. The Company indicated that it has other potential investment banking contracts pending and that it will continue to pursue them as it is the opinion of management that the Viva business plan can support the efforts of multiple investment banking relationships".
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("the Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words as "believe", "expect", "intend", "anticipate", "project", or other similar expressions. These forward-looking statements relate to, among other things, future performance and perceived opportunities in the market and statements regarding the Company's missions and vision. The Company's actual results, performance and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. Further information on potential factors that could affect Viva International, Inc. is found in the Company's Form 10-K and other documents filed with the U. S. Securities and Exchange Commission.
SOURCE: Viva International, Inc.
CONTACT: Viva International, Inc.
Robert J. Scott, 231-946-4343
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