Groveland, FL, United States, via ETELIGIS INC., 09/18/2012 - - GROVELAND, Fla., Sept. 18, 2012 -- Eco Ventures Group, Inc. (OTCBB: EVGI) today reported a successful National Investment Banking Association (NIBA) Conference in New York City last week. Held September 12 – 14, the sold-out conference showcased just 25 high growth companies to a large number of private equity funds, hedge funds and investment bankers.
"EVGI President Mark Cox said. "There are very few developmental stage companies in this growing sector fully prepared to make the quantum leap to over $50 million in revenue, with positive cash flow and a steep upward four-year growth trend, as we expect to accomplish with the EPS transaction. Understandably, we created quite a buzz at NIBA."
"And as important as EPS is," Mr. Cox added, "EVGI also has a number of equally valuable organic Company growth business initiatives in development that we plan to roll out in the fourth quarter of this year. So while we are very excited about the future, we remain focused on the present and completing our 3.6 million gallon biofuel manufacturing plant in Groveland, Florida -- where we recently announced we had applied for, and were granted, local permits for 20 million to 50 million gallons of annual biofuel production."
The full Company NIBA investor presentation, and an accompanying executive summary, is available to the public as an exhibit to the Form 8-K filed with the SEC September 13.
Randall Lanham, Eco Ventures Group CEO, said, "With his Wall Street management background and most recent ten-year focus on the alternative energy sector, NIBA was the ideal debut for our new president Mark Cox. As expected, he delivered his presentation flawlessly to a room full of fund managers and investment bankers generating strong interest with that audience for participating in our growth. In addition to his presentation, we had an exhibition booth at this exclusive conference staffed by EVG management and our senior IR representatives throughout the week."
About National Investment Banking Association (NIBA)
NIBA is the only national not-for-profit trade association of regional and independent brokerages, investment banking firms, institutional investors and related capital market service providers. Since its inception, NIBA member firms have successfully completed over 1,000 equity offerings totaling approximately $10 billion in new capital for America's finest emerging growth companies. The member firms of NIBA represent over 8,000 registered representatives with an estimated $78 billion in assets under management, and are responsible for 90% of all Initial Public Offerings under $20 million. For more information, please visit www.nibanet.org. You can also follow NIBA updates on Twitter @NIBAnet.
About Eco Ventures Group, Inc.
Eco Ventures Group, Inc. ("EVGI") is acquiring and developing a family of ecologically friendly and economically sound businesses committed to providing for society's energy and renewable resource needs (www.ecoventuresgroup.com).
Safe Harbor Statement
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: EVGI encourages those interested in our Company to rely only on information included in our filings with the United States Securities and Exchange Commission which can be found at www.sec.gov. Statements released by Eco Ventures Group, Inc. that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions, and strategies for the future to include all those of its intended acquisition of Energiepark Suptitz, GmbH. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
ECO VENTURES GROUP, INC.
7432 E. HIGHWAY 50, SUITE 101
GROVELAND FL 34736
PHONE: (352) 557-4830
TEL: (561) 989-3600
SOURCE Eco Ventures Group, Inc.