Eco Ventures hires investment banking firm for $19 million financing

$4 million acquisition financing, $15 million public sale are planned

By Devika Patel

Knoxville, Tenn., Sept. 12 - Eco Ventures Group, Inc. said it has hired a New York-based investment banking firm as its agent for a $4 million acquisition financing and a $15 million public offering, which will be conducted on a firm commitment basis.

"After we had completed our due diligence on EPS, we later accompanied our investment bankers to Germany as they performed their own independent due diligence prior to committing to the transaction," chief executive officer Randall Lanham said in a press release. "They are consummate professionals, whose work is exhaustively thorough and first rate.

"Engaging a prestigious New York Stock Exchange firm greatly strengthens our ability to accelerate growth both near and long term. Now, with Mark Cox, a career Wall Street executive who specialized in the alternative energy sector as our newly appointed president, I am confident we have assembled the right team to ensure successful implementation of our capital markets strategy," Lanham said.

The company is a precious metals explorer and producer based in Groveland, Fla.

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