CorpHQ CFO Interviewed on National Business Talk Radio Network.REDONDO BEACH Redondo Beach (rĭdŏn`dō), city (1990 pop. 60,167), Los Angeles co., S Calif., on the Pacific Ocean; inc. 1892. Once a commercial port for Los Angeles, it is a residential and resort city with a protected harbor and an excellent marina. , Calif. -- Business Incubator Business incubators are organizations that support the entrepreneurial process, helping to increase survival rates for innovative startup companies. Entrepreneurs with feasible projects are selected and admitted into the incubators, where they are offered a specialized menu of Model and this Week's Announcement of Merger Plans for Safeguard Technology and Worldwide Eyes Discussed Carlton McGee, Chief Financial Officer of CorpHQ, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :COHQ), appears this week on StreetSignals(TM), a weekly nationwide financial radio show and global webcast, produced by Investrend Broadcast (www.investrendbroadcast.com). StreetSignals(TM) is produced and hosted by Investrend's Drew Connolly and is a weekly survey of the financial markets bridging Main Street to Wall Street. This week's program focuses on the CorpHQ model for incubating new companies and the pending merger of Safeguard Technology, one of their portfolio companies, with Worldwide Eyes Inc. to create a security technology industry powerhouse that proposes to address global, regional and local markets. The program spotlighted CorpHQ and its pioneering business incubation model, which first identifies high potential individuals with interest in select consumer-oriented businesses. It then provides these entrepreneurs with a comprehensive range of business management support and initial seed capital to grow their businesses. CorpHQ's goal is to nurture these firms to the point where they can grow to "critical mass" and position them ultimately for a liquidity event, via initial public offering or merger with a larger company. Mr. McGee said, "We are proud of the crucial role we have played in providing capital and management support to Safeguard Technology in the earliest stages and in helping to negotiate the merger with Worldwide Eyes. We believe this combination will provide both Safeguard shareholders with lasting long term value and a substantial ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). for CorpHQ, which translates in considerable value for our own shareholders." When asked, "What are the future plans for CorpHQ?" by Connolly, Mr. McGee replied, "We expect that after this merger is ratified, we will continue to advise Safeguard on its pre-IPO financing and its progress toward an IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. on the Alternative Investment Market (AIM) in London. In addition, we will continue to work with our other portfolio companies in much the same manner as we have Safeguard." The AIM is a division of the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. which competes with the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on for the listing and financing of young companies. The original program ran on Saturday, October 23rd on the Business TalkRadio Network from 9 p.m. to 10 p.m. EST P.M. also p.m. or p.m. abbr. post meridiem Usage Note: By definition, 12 a.m. , in its regular weekly live time slot Continuously repeating interval of time or a time period in which two devices are able to interconnect. , and may be heard now on-demand at http://www.businesstalkradio.net. The program airs live on radio stations from coast to coast in the U.S., including WLIE 540 AM in the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. metropolitan market. About CorpHQ, Inc.: CorpHQ Inc. operates as a holding company and business incubator; we organize, invest in, and provide comprehensive management support and a variety of resources to high-potential companies. CorpHQ also acquires interests in and provides consultation to selected companies that are synergistic with its portfolio companies. CorpHQ provides periodic Voluntary Financial Reports on its operations at http://www.pinksheets.com/quote/finance.jsp?symbol=COHQ. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Any statements made in this press release which are not historical facts contain certain "forward-looking statements" as such term is defined in the Private Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release is available at www.corphq.com and http://www.pinksheets.com/quote/quote.jsp?symbol=COHQ. |
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