Tally-Ho Ventures Acquires Swiss Financial Services Firm.Deal Brings Total Assets under Management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. to US $2.25 Billion and Adds Anticipated Net Profits of $1 Million LUXEMBOURG Luxembourg, province, Belgium Luxembourg, Du. Luxemburg, province (1991 pop. 232,813), 1,706 sq mi (4,419 sq km), SE Belgium, in the Ardennes, bordering on the Grand Duchy of Luxembourg in the east and on France in the south. -- Tally-Ho tally-ho interj the cry of a participant at a hunt when the quarry is sighted Ventures, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : TLYH), an international wealth management company, announced today that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Master Finance Europe (MFE MFE - maximal free expression ), has acquired Primus Produkt & Vertriebs Management SA (Primus), a Swiss financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firm with approximately US $400 million in assets under management, for total consideration of US $1 million. Terms call for an initial cash payment of $400,000 plus $600,000 in shares of Tally-Ho to be delivered by the end of 2007 based on Primus meeting certain profit goals. The acquisition brings Tally-Ho's total assets under management to $2.25 billion. "The Primus acquisition represents excellent value for us, since we are paying approximately one times Primus's anticipated 12-month net earnings of US $1 million and at the same time adding $400 million in assets under management," stated Nigel Gregg, Chief Executive Officer of Tally-Ho. About Tally-Ho Ventures, Inc. Tally-Ho Ventures is an independent international private wealth management organization focused on serving the needs of small institutions and high net-worth individuals throughout the world. 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. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, the independent authority of the special committee to act on the matters discussed, the successful negotiation of the potential acquisition and disposal of transactions described above, successful implementation of the company's business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent Form 10-QSB and Form 10-KSB filings with the Securities and Exchange Commission. |
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