Morris Business Development Company, Inc. Announces New Board ofDirectors in Support of New Government Programs
NEWPORT BEACH, CA, Apr 04, 2012 (Menafn - MARKETWIRE via COMTEX) --Morris Business Development, Inc. MBDE announces New Boardof Directors in Support of New Government Program, "Jumpstart OurBusiness Start-ups Act." MBDE helps its client companies create andmaintain investor liquidity starting with either private or publicstock.
The new Board of Directors members have extensive experience inMergers and Acquisitions and creative financing of same. Emphasis ison finding and acquiring positions in newer promising companies orthinly traded public companies that can be improved quickly withfunding. MBDE's affiliated licensed investment banker is ready tonetwork with investment community support.
According to George Morris, PhD., Company Chairman: "We are ready towork hard with a new Board of Directors in charge and to takeadvantage of the new Government incentive for business. OriginalCongressional intention for a BDC was to help American business getthe capital and managerial support they need to succeed. Now ourcompany can finally move forward."
"Crowd Funding" and "Regulation A" improvements, which are nearlycompleted by Congress and President Obama, are expected to stimulatethe amount of available investment capital for debt and equityfinancing.
The most sought after companies are scalable acquisitions with greatmanagement, especially in areas like green, health, veterans,seniors, real estate, internet and business development support.These areas are also good for employment in America and should helpas in a Company affiliated 501C3 Non-profit, named"moreamericanjobs.org."
In addition, the Company has eliminated all Company debt at the endof last quarter by converting the remaining notes to equity sharesalong with the Chairman's investment.
MBDE suggests that potential investors who are interested in currentinformation about the Company to consider only information issueddirectly by the Company in filings with the SEC, and press releasespublished by the Company. We also recommend that all potentialshareholders refer to the Company website at: www.morrisbdc.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
The forward-looking statements in this press release are based uponvarious assumptions, many of which are based, in turn, upon furtherassumptions, including without limitation, our management'sexamination of historical operating trends, data contained in ourrecords and other data available from third parties. Although webelieve that these assumptions were reasonable when made, becausethese assumptions are inherently subject to significant uncertaintiesand contingencies which are difficult or impossible to predict andare beyond our control, we cannot assure you that we will achieve oraccomplish these expectations, beliefs or projections. We undertakeno obligation to update any forward-looking statement, whether as aresult of new information, future events or otherwise.
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Morris Business Development Company
SOURCE: Morris Business Development Company
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