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ACP has a plan for revenue! They do not intend to waste a single asset including their best asset: talent!
ACP offers numerous types of financing to prospective companies. The stage a company is in may determine the financing available to the company. When a prospective investment is identified, ACP’s investment committee will analyze several factors such as financial strength, industry growth potential, competitive advantage horizon, exit strategies, and strength of management.
This extensive due diligence process allows ACP to understand the potential investment and ensure that it has properly priced its loan for risk. Due to the flexibility of ACP, all along the capital structure, there will be opportunities to make investments with a variety of risks and returns.
As part of ACP’s ongoing business development, American Capital Partners is acquiring IPower Applications, Inc. for 100% of company stock whereby IPower Applications will be the surviving entity. IPower’s management team and staff continue to operate the company during the acquisition.
The CEO’s credentials explain it all!
David R. Paolo CEO, Chairman, Director
- Mr. Paolo is the co-founder of IPOWER Applications and currently the Chairman and Chief Executive Officer.
- With the vision of the future growth of the on-line and telecommunications industries, Mr. Paolo founded one of the region’s most notable ISP’s in 1992. While leading it through its early development stages, Mr. Paolo was appointed as Ambassador for the Greater Providence Chamber of Commerce and was elected chairman of the NYNEX Advisory Board.
- Mr. Paolo is credited with completing its initial public offering and listing on the NASDAQ national market system with the 5th best performing IPO (an initial first day increase of over 250%).
- Mr. Paolo also has to his credit the accomplishment of attracting over $80 million in capital, assembling one of the industry’s most experienced executive teams and Board of Directors while leading the development and implementation of its North East network deployment and customer growth.
- Mr. Paolo was a finalist for the Ernst & Young Entrepreneur of the Year award in 2000 and currently serves as a member of the Board of Regents for La Salle Academy in Providence, RI.
Source: APRJ
APRJ
319 Clematis Street, Suite 203
West Palm Beach, Florida 33401
Phone: (561) 366-9211
IPOWER Applications, Inc. 41 Comstock Parkway, Suite 100
Cranston, RI 02921
Phone: (401) 823-7900
Websites: www.acpbdc.com
www.doyoupowwow.com
American Capital Partners, Inc.
Tel:+1 (401) 823-7900
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Safe Harbor Statement: All statements, other than statements of historical fact, included in this release are forward-looking statements within the meaning of the private securities Litigation Reform Act of 1995. The forward-looking statements, including statements about the company’s future expectations, including future revenues and earnings, and all other forward-looking statements (i.e., future operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company’s control, and may yield results differing materially from those anticipated. The Company makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors but they include and are not limited to the existence of underground deposits of commercial quantities of oil and gas; cessation or delays in exploration opportunities being fewer than currently anticipated. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company’s public announcements and filings.
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