Emerge Capital Purchases Interest in New Hilton Under Construction in West Palm Beach, Florida.
Fred Zeidman, Chairman of Emerge Capital, commented, "We have purchased the stock of Kipling Holdings, which currently owns the Hilton interest and has a $900,000 note receivable with the option to convert it into an additional five percent ownership in the Hilton. We are enthusiastic about the future cash flow prospects of our investment in this 'one of a kind' location near the Palm Beach International Airport. We consider the Palm Beach area to be one of the finest travel destinations in the World, and look forward to the completion of the Hilton for the start of the season in January, 2007."
About Emerge Capital Corp. and Corporate Strategies, Inc. - Emerge Capital Corp. (OTCBB:EMGC) provides business growth, organizational restructuring, and turnaround execution services for emerging and re-emerging public companies through our wholly owned subsidiary, Corporate Strategies, Inc. (www.corporate-strategies.net). Emerge Capital is unique because we accept payment for our services in the common stock of the companies we serve, aligning our interests with those of the client's shareholders and preserving their corporate cash reserves for working capital and growth. As Emerge Capital succeeds, the shareholders of our valued clients succeed. Emerge Capital believes our approach provides Emerge shareholders with an opportunity to realize greater gains than merely receiving cash payments for our services. We consider Emerge Capital to be the ultimate business resource for emerging and re-emerging public companies.
All statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations that are disclosed in this Press Release. While Emerge Capital Corp./Corporate Strategies, Inc. believes its forecasting assumptions are reasonable, there are factors that are hard to predict and influenced by economic and other conditions that are beyond Emerge Capital Corp./Corporate Strategies, Inc.'s control. Among the other important factors which could cause actual results to differ materially from those in the forward-looking statements are detailed in Emerge Capital Corp./Corporate Strategies, Inc.'s filings with the Securities and Exchange Commission.
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|Date:||Oct 10, 2006|
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