VitalTrust Business Development Announces Initial Slate Of Client-Companies
TAMPA, FL -- VitalTrust Business Development Corporation (OTCBB: VTBD) (“VitalTrust” or the “Company”) today announced the names of the Company’s initial slate of client-companies. VitalTrust is a registered business development company engaged to provide finance and management to select US corporations.
During the past month, VitalTrust has taken several steps to establish its business mission of facilitating US corporations including the acquisition of an existing portfolio of securities with a market value in excess of $130,000,000. The Company has no plans within the next twelve months of liquidating any portion of its portfolio. On Friday, March 2, 2007, the Company’s BOD added two new members and created a series of committees required under the rules of a registered business development company. VitalTrust now describes its methodology and introduces the Company’s initial slate of proposed portfolio companies.
In general, the VitalTrust client engagement begins with a detailed business analysis and plan of implementation. The typical engagement is for a period of eight to twelve months. During that period, VitalTrust provides finance on a monthly basis together with proactive executive level marketing and operating consulting. Procedurally, the VitalTrust Investment Committee will give final approval on all financial investments. Those VitalTrust client-companies which achieve profitable operations within their scheduled period will be considered for a spin-off distribution to the Company’s shareholder’s of record. The following are the VitalTrust initial group of client companies that are being proposed to the Investment Committee for approval.
Inteligy, formed in 2002, offers IP business phone systems for small and medium businesses that deliver next-generation voice features. Selected as a finalist in the 2005 Tampa Bay Technology Forum Industry Achievement Awards, Inteligy offers broadband voice, premise based and voice resilience solutions. For more information visit Inteligy web site at http://www.inteligy.com.
Calgenex, formed in February 2006, manufactures and markets dietary supplements and topical over-the-counter drugs and personal care products specially formulated to help support healthy mineralization and combat the effects of soft tissue calcification and inflammation. Calgenex family of products includes CalciCLEAR, a three-step program to rid the body of calcium crystals; Dermalleve, a maximum strength treatment to relieve systems of chronic skin diseases, and; Omeganol the first dietary supplement to combine triglyceride-lowering properties of omega 3s with the cholesterol balance activity of tocotrienols. For more information on Calgenex, visit their web site at http://www.calgenex.com.
PatienTree, formed in December, 2002, is a full service healthcare technology provider offering a robust portfolio of products and services to healthcare customers. The PatienTree product family is focused on technologies that connect and protect patients and their providers. The cornerstone of PatienTree’s philosophy is to provide effective technology solutions to users associated with the “Value Chain of Trust” for patient care, entertainment, with safer and better outcomes. Implementation can take place in a matter of hours automating and protecting valuable patient data found in clinician notes or intellectual property resulting from Board Room minutes using Rover INK “NoteAmation.” For more information on PatienTree work flow and prescription solutions, visit www.patientree.com.
Resource Command, a holding company formed by VitalTrust to acquire minority positions in Service Disabled Veteran Owned Small Businesses (SDVO). SDVOs are companies a majority of which (51%) must be owned by a service connected disabled American veteran. VitalTrust intends to retain a minority position and provide finance and management to US disabled veterans primarily engaged in government contracting. The first SDVO proposed for the Company’s Resource Command format has handled over $25,000,000 in United States government contracts for everything from paint and aerosols to water purification units and over the road vehicles. The Resource Command business mission is to expand beyond their experienced-based government contracting to private sector contracting bringing together points in Asia, Europe, India and the US. The internet web site for Resource Command is under construction.
About VitalTrust Business Development Corporation:
VitalTrust, a registered Business Development Company under the Investment Company Act of 1940, provides management and finance primarily to private companies that desire to become publicly traded during the course of their business cycle. The Company invests and manages enterprises in the healthcare, energy, internet and services sectors. The Company’s business model foresees the finance and management of client companies through the point of profitable operations and positive cash-flows and concludes with a spin-out distribution to the VitalTrust shareholders of record. The Company’s annual forecast envisions two to four spin-off distributions to the VitalTrust shareholders.
Investors are cautioned that certain statements contained in this document are “Forward-Looking Statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as “believes,” “anticipates,” “intends,” “plans,” “expects” and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future US Energy Initiatives actions, which may be provided by management, are also forward-looking statements as defined by the act. These statements are not guarantees of future performance.
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