Encino, CA, May 02, 2006 --(PR.com
)-- Encino-based Boutique Investment Bank, Azure Group, Inc. (www.azuregroup.net), is raising $5 Million for its 100% daughter-company, Mortgage Capital Corporation of America "MCCA" (www.mccawholesale.com) to expand into several US States.
Azure Group, Inc. is issuing Senior Debentures with a 2-year maturity and a 13% coupon. Interest will be payable quarterly. The company is expected to raise the funds by May 26, 2006. If oversubscribed, the company will issue additionally up to $2 Million in Senior Debentures.
This High Yield Investment Instrument is intended for accredited investors as well for institutional market participants.
For more information, please contact them at:
Azure Group, Inc.
attention: Investor Relations
16501 Ventura Boulevard, Suite 504
Encino, California 91436
United States of America
++++++++++++++IMPORTANT LEGAL DISCLAIMER++++++++++++++++
This press release does not constitute, or form part of, any offer or invitation to sell, or any solicitation of any offer to purchase any securities in any jurisdiction, nor shall it (or any part of it) or the fact of its distribution form the basis of or be relied on in connection with, any contract therefor. The Offer is not being made and will not be made directly or indirectly in, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facilities of a national securities exchange of, the United States of America, Australia or any Province or Territory of Canada. This includes, but is not limited to, facsimile transmission, electronic mail, telex, telephone and the Internet. Accordingly, copies of this press release and any related offering documents are not being, and must not be, mailed or otherwise transmitted or distributed in or into the United States of America, Australia or any Province or Territory of Canada. Any purported acceptance of the Offer resulting directly or indirectly from a violation of these restrictions will be invalid. No money, securities or other consideration is being solicited and if sent in response by a resident of the United States of America, Canada or Australia will not be accepted. No indications of interest in the Offer are sought by this press release.
The release, publication or distribution of this press release in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this press release is released, published or distributed should inform themselves about and observe such restrictions. Receipt of this press release will not constitute an offer in those jurisdictions in which it would be illegal to make the Offer and in such circumstances it will be deemed to have been sent for information purposes only.
This press release contains "forward-looking statements" concerning Azure Group, Inc. and its subsidiary, Mortgage Capital Corporation of America "MCCA".
By their nature, forward-looking statements are predictive and involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future, many of which are beyond the control of the Azure Group. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, the following: adverse changes in economic conditions and other conditions affecting the level of demand; introduction by competitors of products of equal or better performance; greater than anticipated competitive activity, including from the emergence of new technology; greater than expected costs associated with the provision of advanced services, including as a result of unanticipated demand concentration, the possibility that technologies will not perform according to expectations or that vendors' performance will not meet requirements; changes in the projected growth and penetration rates of the mortgage industry and lower than expected average revenue margins; the Azure Group's ability to introduce and transition borrowers to new finance vehicles. All written or verbal forward-looking statements attributable to the Azure Group or persons acting on its behalf are expressly qualified in their entirety by the factors referred to above. The Azure Group undertakes no duty to, and does not intend to, update these forward-looking statements or the description of some of the factors that could cause actual results to differ.