TOKYO, Dec. 11, 2009 (GLOBE NEWSWIRE) -- The Concorde Group Inc. (Frankfurt:CGT) announces that it has entered into a global institutional public relations and strategic financing program with Wakabayashi Fund LLC in Tokyo, Japan, facilitated by Asmita Share & Stock Broker Pvt Ltd. in Mumbai, India, to structure and place an USD10 Million equity financing for Concorde.
Dr. Craig A. Zabala, Founder, Chairman and CEO of The Concorde Group Inc., stated: "I am very pleased to be working side by side with the outstanding executives at Wakabayashi Fund LLC and Asmita Share & Stock Broker Pvt Ltd. Our capital raise is crucial to our global expansion plans in 2010 and beyond. Concorde intends to play a strategic role in financing entrepreneurs and small and mid-sized business in Europe, Asia, and the U.S., through principal investing and related activities. We are ideally situated to exploit the 'vacuum' in the U.S. caused by the consolidation of the financial services sector, which led to a focus on 'mega deals' at the expense of small and middle market transactions."
Concorde is a financial services firm headquartered in New York City, which has an investment portfolio of companies and is developing a family of investment funds targeted toward entrepreneurs and small and mid-sized businesses. Concorde intends to develop a merchant bank and provide capital to the lower quadrant of the Middle Market of companies worldwide, a sector increasingly short of capital during the last two decades, a trend magnified by the global financial crisis.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security. The securities have not been registered under any state securities laws. Neither the Securities and Exchange Commission nor any state securities commission has in any way passed upon the merits of, or given approval to, guaranteed or recommended the securities of The Concorde Group, Inc. or has determined that the securities are exempt from registration, or made any other findings.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995. The matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties.
Source: Wakabayashi Fund LLC/Asmita Share & Stock Broker Pvt Ltd./The Concorde Group, Inc.