WEST PALM BEACH, FL, (NAMC) - Single Source Investment Group, Inc. (OTC:
SGSP) announced that it completed the acquisition of its first wholly owned subsidiary, National Business Investors, Inc., located in West Palm Beach, Florida. The share for share exchange was effective February 15, 2006. This subsidiary provides basic financial, accounting and related investment services. It also provides money management services and manages joint venture fundings to small and mid sized companies. This acquisition brings to SGSP a complete business portfolio. Additional information with respect to the transaction will be forthcoming as soon as possible.
Lawrence Creeger, Director and President of SGSP stated, "This is the beginning of an exciting new adventure in the financial, accounting and investment service field for SGSP and we look forward to building a company with value for our investors." Ramon Pagan, Jr., Treasurer and Managing Officer also stated: "Although National Business Investors was a new company in this field, its past history demonstrated the ability to have earnings and attract business. With added capital in the venture we expect better earnings and better returns for our investors."
About Single Source Investment Group, Inc. - SGSP is a young entrepreneurial multi-faceted organization, providing basic financial, accounting and related investment services to small and mid-sized companies. It also provides money management services to third parties. Through its subsidiary it also serves as either trustee or joint venture manager for third party funds for which it receives fees for services. For further information, please call 561-514-0207 or visit the company website at
http://www.singlesourceig.com.
This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
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