StarInvest Signed Letter of Intent to Acquire Todd & Company, Inc.
- Press Release
- Source: StarInvest Group, Inc.
- On Thursday July 2, 2009, 8:00 am EDT
StarInvest Group, Inc. (OTC.BB:STIV - News) is pleased to announce that it has signed a Letter of Intent ("LOI") to acquire all the outstanding shares of common stock of Todd & Company, Inc. ("Todd"), a FINRA SPIC Broker Dealer established in 1979 and located at 777 Terrace Avenue, Suite 503 Hasbrouck Heights, NJ 07604.
Related Quotes
| Symbol | Price | Change |
|---|---|---|
| STIV.OB | 0.03 | 0.00 |
StarInvest will acquire all the outstanding shares of common stock of Todd for $100,000 convertible note maturing in 13 months, immediately convertible at $.03 per share into restricted common stock of the Company, and 5 (Five) year warrants immediately exercisable at $.10 per share for an aggregate of 1,000,000 restricted shares of common stock of the Company.
Robert H. Cole stated: "Todd will compliment StarInvest initiative to become a full service financial company focused on the small cap, OTC BB market. In addition, EXX will utilize Todd's infrastructure to roll out their services, offering clients complete privacy and increasing the level of service and products demanded by its customers." James Dovico of EXX.COM also stated: "A broker-dealer is exactly what we have been looking for to complete our package of services and retain revenues in our company for growth."
About Todd & Company, Inc.
Todd & Company was formed in 1971 as a full service BD and grew a retail staff of 125 brokers. In 1978 Todd & Company, Inc. sold its retail business to Muller and Co Inc., and focused on investment banking activities, while retaining its full service privileges. In the 1980s Todd & Company reestablished its retail business; today Todd & Company, Inc. is a full service BD in New Jersey in good standings with a full menu of services.
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