Iron Eagle Group, Inc. (OTCQB: IEAG) today announced that a New York based leader in middle market investment banking, has been retained as the Company’s Investment Bankers to raise $25 million for acquisitions and working capital.
The investment bank is a full service boutique brokerage operation with middle market corporate finance, research, and valuation services. They are also a leader in investment banking and sourcing acquisition capital through its broad institutional and retail networks. With over 200 registered representatives in 8 corporate locations. The investment bank also actively manages over $2 billion of retail customer assets, has clients in all 50 states and overseas, and is a member of the FINRA/SIPC.
Mike Bovalino, Chief Executive Officer of Iron Eagle Group, commented that “We were immediately impressed by the professionalism, expertise, and track record that the firm and its team exemplify. We believe that by bringing them into the Iron Eagle Team, we will continue to execute and implement our acquisition strategy to become a leading infrastructure construction and services company.”
This press release is only an announcement and is not meant to constitute and offer to buy or sell securities. There are many risks with the proposed offering and there is no guarantee that it will be successful. The Company will issue an 8K upon the closing of a financing detailing all the material terms.
Iron Eagle provides construction and contracting services in both the commercial and government markets. Iron Eagle’s management consists of experts in construction, government contracting, defense, finance, operations, and business development. Management has created a compelling strategic plan to capitalize on the large market opportunity created by the federal government’s stimulus package as well as funds that are flowing down to the state level for projects throughout the United States. Through the public capital markets, Iron Eagle believes it will have the access to capital to support increased needs for construction surety bonds. By executing on its growth strategy, Iron Eagle can achieve significant growth through highly focused targeting of federal, state, and municipal construction projects.
For more information, please visit Iron Eagle’s website at www.ironeaglegroup.com.
Safe Harbor Statement
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned or required capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, the company. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions.
Mr. Jason M. Shapiro, CFA, CPA, J.D.
Executive Vice President of Corporate Strategy
Phone : +1 (917) 969-4845
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