Indenture Investments Ltd. / Restructure of Company/Change of Personnel
15.03.2010 07:02
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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The Indenture Group - trading on the Frankfurt Stock Exchange - has
accomplished a restructuring with respect to its holdings, its personnel
and its corporate structure.
Toronto, Canada - Frankfurt, Germany; March 15th, 2010
Indenture Investments Limited (Frankfurt Stock Exchange: '3IV'), a Canadian
holding company, has reorganized its corporate structure, made substantial
changes and increased its management team and has also concluded additional
acquisitions.
After the successful restructuring Indenture now consists of four operative
divisions in areas of business that can reciprocally support each other
creating significant synergy effects in the process.
The Indenture Group is proud to welcome Wayne V. Reid as the corporation's
President and Chief Executive Officer. During his successful career the
Australian national has garnered a wealth of experience in the management
of multinational companies active in such diverse areas as banking,
insurance, pharmaceuticals, consumer goods, construction and the mining
industries. For his dedicated work and long-term commitment as a sporting
administrator, Mr. Reid was awarded an O.B.E. (Order of the British
Empire), by Her Majesty Queen Elisabeth II.
Indenture Investments is now the holding company for the following four
divisions:
1. International production and marketing of the smokeless cigarette under
the brand name James Denverson. This division, equally headed by Wayne
Reid, has signed a significant agreement with a Polish partner in order
to develop, build and finance the production of machinery and tools
required for manufacturing the smokeless cigarette. In exchange the
Polish partners will be granted the exclusive right to produce and
market the product in Poland, the Czech Republic and the Baltic States.
2. Alfie Falckenbach and Francis Baez, two industry veterans, are now
managing the entertainment division (incorporating music, media &
television). Having held management positions in a multitude of areas
of the entertainment industry, Falckenbach has nearly 40 years of
experience in the international music business. Whereas Baez has headed
companies mainly active in the production of audio and visuals as well
as the organization of concerts, festivals and events. The division
plans to establish itself as a fully integrated Multi-Media &
Entertainment Company, in which sales will be driven by a combination
of sponsored television programming and new media technology such as
Internet platforms. The Entertainment division will create a so-called
360 degree business model by forming or acquiring stakes in a diverse
number of corporations active in the industry.
3. The Internet radio network of AE American Enterprises Inc. (AE) and
S.B.N. SPA Limited (SBN) already generate substantial revenues and a
positive cash flow. AE's contract with 'Audio Brazil' will generate
estimated yearly revenues of USD$ 15 Million for the next three years,
while the usage of the first low-orbit satellite which enables a
terrestrial radio reception of SBN radio programs shall be executed in
2010. When an additional five satellites will go into orbit,
respectively in 2011 to 2013, greatly enhanced coverage for the whole
European continent will be available.
4. Finally, Mr. Daniel Gryfe has been designated to head Indenture
Investment's corporate finance division. A SEC (Securities and Exchange
Commission) licensed broker and investment banker, Gryfe also possesses
extensive experiences in the structuring and managing of financial
transactions, which we expect to be beneficial in all matters relating
to projected future takeovers and sales. The corporate finance division
will carry out project financing for Indenture as well as for third
party accounts. The trading and sale of life insurance policies will be
among the first ventures the division will be engaged in.
In the future, Indenture Investments Limited plans to relocate its
registered offices to the European mainland, as well as establish a German
Branch office. Further transactions, designed to increase the holding
portfolio and optimize the capital and equity structure - also by raising
funds via a public offering - are under constant and continuous review.
The Indenture stock is expected to trade in a higher market segment with
greater liquidity before the end of the year 2010.
Guido Abraham
investorrelations@indenture-group.com
www.indenture-group.com
Guido Abraham
investorrelations@indenture-group.com
www.indenture-group.com
15.03.2010 07:02 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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DGAP-News: Indenture Investments Limited - Restructured
| Source: EQS Group AG