PRECOM TECHNOLOGY, INC. d.b.a. CONCILIUM GROUP (OTC BB: PMMT)

Editors Note:

At Stockupticks, we are always keeping our eyes open for companies that are aggressive in their growth during difficult market times. This shows a true dedication to take advantage of a bear market and we like that. Looking forward, the potential revenues from growth in a cyclical bull market are, generally speaking, profits.

Our featured company today, Precom Technology, has taken the bear by the paws and is taking the down time of the market to establish and expand its businesses. Centered in the financial services sector, PMMT has recently acquired an equipment leasing company, where margins are often wide, and has partnered with a venture capital group to open an equity fund. PMMT made a $10 million subscription into the fund. Excerpts from recent press releases are posted below.

We view this acquisition and subscription as a logical expansion for PMMT, as their other business interests include: insurance, mortgage banking, merchant capital funding (including private investments in public entities) and strategic financial planning for individual and corporate clients. The management at PMMT has been at this for a long time and their experience in these businesses can make the integration between the five current divisions reliable and profitable. You'll also see in the profile below that PMMT is looking to further its independence from other concerns by acquiring an interest in a broker/dealer and developing a middle market consultancy division. 

PMMT has a dynamic in play that could result in their being a well diversified financial services firm capable of servicing a larger client base comprised of established institutions. PMMT currently has tangible assets, 30+ full time employees and a practical business model to meet the economic challenges of the markets. 

We think they have a good story to tell in a bear market ... 

*** ABOUT CONCILIUM GROUP (“CGI”)  ***

CGI is an international financial services company engaged in financial, tax and business planning, asset protection, insurance management, and merchant banking company with offices in the United States and Hong Kong. 

CGI is organized as a holding corporation with six distinct divisions currently, and several planned in 2002, which collectively provide the necessary elements to manage and execute each comprehensive, specifically tailored service plan developed and maintained to meet the financial needs of CGI’s clients. 

On April 6, 2002, CGI's shareholders approved the acquisition of a controlling interest in Precom Technology, Inc. (PMMT) in a stock exchange transaction. In June of 2002, Precom acquired the assets and business of Saddleback Finance and Leasing Services and formed a new subsidiary, Saddleback Finance, Inc., to operate the leasing business. The equipment leasing business and the financial planning and other related services are now operated as separate, but complementary businesses. Precom now is doing business as Concilium Group (CGI) and operates the leasing business under the trade name Concilium Finance and Leasing Services.

CGI is a general partner in a Chicago-based PIPE fund and a Manhattan-based private equity fund in which CGI subscribed for an interest of $10 million. 

CGI acts as a “financial concierge” by maintaining and coordinating the actions of each subsidiary into a cohesive set of services. 

CGI’s goal is to be a single-source, full service financial resource firm for the high-net-worth individual who is not satisfied with the commonplace services provided by big firm advisors. 

Concilium, Latin for “a council,” is defined as “a meeting of the people to consider and decide matters especially affecting itself.”  The mission is to balance and integrate the many personal and financial priorities that a client may encounter, such as lifestyle, cash flow needs, retirement goals, investment style, business objectives, and net worth aspirations.  The goal is to conduct all business affairs in the best interest of each client through fairness, competence, confidentiality, integrity, diligence, and professionalism while achieving results not generally available in the marketplace. CGI pursues its mission by maintaining the highest quality of personnel, while providing unique and unprecedented service.

CGI differentiates itself from its competitors by catering to middle-market clients that have experienced the commonplace service offered by big firm advisors and have been dissatisfied by their lack of personalized attention. CGI can meet the needs of those clients because it is able to provide an array of financial services through its diverse subsidiaries and network of expertise. 
 
 

***  THE TARGET MARKET FOR CGI  ***

CGI’s clients typically include: entrepreneurs, owners of closely held businesses, founders of public companies, physicians, attorneys, accountants and other credentialed advisors, individuals with highly appreciated assets, entertainers, family heads seeking efficient transition of wealth, and professional investors.

The financial services industry includes companies engaged in asset management, investment brokerage, trust and fiduciary services, venture capital, consumer and commercial lending, and other services. Access to corporate funding, markets, and mutual funds is no longer limited to the fabulously well-to-do. Venture capitalists, financial consultants, investment advisors, and day-traders are transforming the financial services industry.

CGI has identified and operates within a large potential market that is not well served by the major banking institutions, national accounting and law firms or brokerage firms. Typically, traditional large banking and financial service institutions capture the high-end market, are product-driven, and charge substantial fees, but they lack personal attention. Recent articles in financial publications regarding the former "Big 5" accounting firms addressed this lack of personal service by pointing out that their tax shelter products are not protected from after-the-fact IRS inquiries even though their clients had to pay a large percentage to the firms of their tax savings. 

Certified financial service companies offering specific products tend to serve the lower-end market and tend to emphasize the particular mutual fund, insurance product, trust service or other product they are selling as the foundation of their recommended plan.  CGI’s goal is to reach this under-served market base by offering a professional, individualized planning service aimed at and tailored to the client’s needs rather than to a product or to a mass-production model. 

CGI recognizes that each client is unique and provides unique solutions and services to each client.
 

*** THE FIVE MAIN DIVISIONS OF CGI ***

Each service area is a separate, wholly owned division of CGI.  Currently, CGI employs approximately 34 individuals among all the subsidiaries, and maintains an independent, national sales force. Each individual on the sales force is referred to as a Senior Financial Consultant (“SFC”) and the individuals managing each division are recognized as being among the best in their respective industries. 

Concilium Planning Group oversees the planning and implementation of a comprehensive, tailored financial structure to meet all of a client’s personal and business financial needs.  Working directly with the client or in concert with the client’s existing advisors, Concilium’s planning attorneys, MBAs, insurance specialists, and certified public accountants assess each client’s current personal and business situation and objectives, and develop a comprehensive plan addressing their tax, asset protection, and estate planning needs.

The Planning Group’s financial consultants, attorneys, and CPAs are experts in domestic and international laws that affect the financial well being of its clients.  Combined, the diverse experience and expertise of these professionals enable them to develop cutting-edge plans and strategies, allowing clients to create structures and entities that significantly reduce taxes and provide formidable opposition to even the most aggressive attacks on their wealth.

Tax Minimization – CGI Planning offers real solutions that enable clients to reduce corporate income tax and substantially lower personal income tax, through legitimate, proven strategies.  CGI Planning presents the clients with strategies that are designed to significantly reduce or eliminate taxes in many jurisdictions.  CGI Planning’s team of professionals includes seasoned experts in U.S. tax law as well as tax laws in many foreign jurisdictions. CGI Planning can help reduce or eliminate gain from the sale of a business, real estate, or an investment portfolio, reduce corporate or personal income taxes or maximize tax-advantaged retirement programs, but without the aggressive, expensive tax shelter programs often scrutinized by the IRS and promoted by some accounting firms.

Asset Protection – The United States has experienced an explosion of litigation over the last several years.  As a result, many successful business owners and professionals face a very real chance of becoming the target of litigation.  CGI Planning has developed numerous effective solutions to position a client’s assets to make them unattractive and/or legally unreachable by creditors, while still remaining available for financial goals and needs.  CGI Planning’s innovative asset protection options and strategies have been proven over time to effectively protect assets with privacy and confidentiality. 

Wealth Transfer – Wealth transfer and estate planning are essential aspects of CGI Planning’s services.  Many people die without an estate plan.  Without an effective estate plan based upon the most current tax laws, affluent individuals can literally lose millions of dollars to unnecessary taxes.  Additionally, estate administration may be turned over to a probate court to determine how and when the estate is to be distributed.  After waiting years in some cases for distribution of an estate, beneficiaries, who are designated by the state, receive an estate substantially depleted by taxes, probate costs and attorney’s fees.  CGI Planning helps affluent individuals construct a complete estate plan which ensures that the client will be able to give property to whom they want, in precisely the way they want, and at the time they want the beneficiary to receive it; that the client’s property will pass to the beneficiaries without substantial depletion through probate and taxes; and that the client’s private financial affairs do not become public information through the probate process.

The Market for CGI’s Planning Group has enormous potential for several reasons; affluent individuals are very interested in reducing both their current and future income taxes.  CGI works with these individuals to introduce them to legal strategies to minimize, defer or eliminate their income taxes.  In addition, these affluent individuals are extremely interested in preserving their wealth for their children and for the generations that come thereafter.

The U.S. Trust Survey of Affluent Americans polls the top 1% of wealthy Americans – those defined as individuals with either an adjusted gross income of more than $225,000 annually or a net worth greater than $3 million.  Almost two thirds of the executives surveyed (63%) said they would consult a professional to help them determine the best course of action with regard to financial matters, and 83% have some type of financial plan. 

According to U.S. Trust Corporation, wealthy Americans are concerned foremost about planning for retirement.  Their biggest worry is that inflation will diminish their retirement income.  In general, affluent “baby boomers” are significantly more worried about retirement than affluents over 50, for whom retirement is more imminent.  Older affluents’ second biggest worry is that poor health will prevent them from enjoying retirement, while baby boomers are concerned about their ability to maintain their income level.  To a great extent, the affluent plan to finance their own retirement by generating income from their own financial assets. Despite a high level of retirement savings and investments, the majority of the wealthiest Americans are not saving enough to produce the level of income they would like to have in retirement. 

The United States is on the verge of the largest transfer of wealth in its history – an estimated $5 trillion will change hands over the next 20 years.  The top 1% of wealthy Americans – two-thirds with estates between $1 million and $10 million – intend to pass on their assets to the next generation.  However, most affluent Americans underestimate the rate at which their estates will be taxed – citing an average of 24%, while in reality the range is more likely to be 37% to 55%. 

The Marketing Strategy for CGI Planning Group has been to market in select publications targeted to the high net worth individual.  CGI Planning Group is expanding its marketing efforts toward specifically identified segments in addition to the mass market appeal.  CGI Planning Group will continue to position itself as a destination financial company with integrated divisions that address all aspects of client’s tax, wealth preservation, and asset protection needs.  The division will continue to utilize targeted, direct mail campaigns to reach its targeted client base, however, it also plans on reaching its client base through different avenues such as a National cable television sponsorship and precise internet marketing.  In concert with a professional out-sourced advertising and marketing firm, CGI Planning Group will meet the lead generation goals needed to supply the sales force with viable potential clients to achieve the financial benchmarks.

Concilium Merchant Capital clients have access to many high quality private placements, venture capital, and other alternative real estate, equity, and debt investment opportunities that are researched and developed through an in-house, experienced team of professionals. 

The Merchant Capital Group is a private equity and deal-making venture that identifies opportunistic investments and converts them into ownership interests and cash flow for our clients. The Merchant Capital Group also offers corporate finance and investment banking services to mid-sized companies seeking capital for acquisition or expansion purposes, pursuing exit strategies such as an IPO or buy-out, or needing assistance in business valuation to sell the company. 

CGI Merchant Capital strives to develop long-term relationships with clients by providing unparalleled service through the combination of innovative ideas and deep domain expertise. CGI Merchant Capital does this by combining broad capital market experience with extensive industry knowledge. 

While these components are diverse, they are interconnected.  Most small companies start out with a need for business consulting and an “angel” round of financing that will inevitably lead to subsequent rounds of financing through a private placement or PIPE transaction.  CGI Merchant Capital is in a very unique position to work with the company’s primary client base of high net worth individuals.  Numerous investment-banking opportunities emerge from this group on a regular basis. 

Having access to an affiliated, in-house broker dealer relationship will be a natural fit for this department as it will enhance the “financial concierge” structure, providing affluent individuals the ability to service their merchant capital needs as well as their personal tax, estate, and asset protection needs. CGI is actively negotiating such a relationship, potentially through an acquisition, which it expects to complete by fall, 2002.

PIPE Fund
CGI Merchant Capital has entered into an agreement with Paradigm Group, LLC (“Paradigm”), to act as a co-general partner in the Paradigm Millennium PIPE (Private Investment in Public Entities) fund.  Paradigm is a full service Chicago-based investment and financial consulting organization dedicated to helping growth companies emerge as industry leaders.  Paradigm and its founders have gained an excellent reputation as one of the leading “angel” investment banking companies in the Chicago area.  Among its more significant resources are its strategic investors and strategic alliances. Using its experienced management team and a focused research-intensive investment approach, Paradigm identifies companies offering above-average returns on invested capital.  Through its informal operating style, significant network of investors, and focused approach to investment decisions, Paradigm responds rapidly to investment opportunities.

The PIPE fund is a natural fit for CGI’s high net worth client base and institutional contacts in the investment banking industry.  CGI Merchant Capital will earn management and placement fees, in addition to retaining approximately 10% of the carry (profit spread) on the fund.

Investment Banking
Numerous investment-banking opportunities have been presented to CGI Merchant Capital, through CGI Planning Group’s client base.  Typically, wealthy individuals are entrepreneurs or individuals who have inherited a business enterprise.  Through CGI Merchant Capital’s network, it is able to engage and coordinate several clients that require business consulting or investment banking needs.  CGI Merchant Capital’s experts have experience in various market segments and industries.  The subsidiary's goal is to assist growth companies with their capitalization and growth needs. 

Real Estate 
CGI Merchant Capital currently has a close relationship with the largest private developer in Utah who has been successful in several western states. CGI Merchant Capital is in a position to take advantage of this relationship to participate in some of the best real estate projects on an equal partner basis, with little or no management expense.  Most of these projects are raw land deals that can be completed in a relatively short turn around time with good returns.

Small Company Incubator
Numerous business opportunities are presented to CGI Merchant Capital on a daily basis.  The majority of these companies require funding to develop their business.  Some of these companies can produce large returns with a minimal amount of capital.  CGI Merchant Capital reviews each business plan or operation, with the expectation of financing only a select group of these companies.  Its goal is to help these companies develop their business and take them to the next level, in return for a reasonable stake in the company.  By investing in growing companies, the division is able to create a portfolio of companies that will build a track record for CGI Merchant Capital.

Private Equity Venture Capital Fund
In June, 2002, CGI formed a general partnership with one of the largest venture capital firms in New York City to create a private equity fund, known as the Concilium Prospect Private Equity Fund. CGI subscribed an interest of  $10 million into the fund which is managed by Prospect Street Ventures. The Fund will focus on private companies with protected technologies, proven management and revenues or contracts in place. 

Business Planning
Most start-up companies have one thing in common; they lack an effective business plan. This is the first step in gauging whether or not a company will develop into the next stage and receive the funding it needs.  Angel investors, venture capitalists, and others review business plans in order to determine whether the company and its management is organized, prepared and has determined the corporate direction.  A very lucrative business opportunity exists in simply preparing good business plans that receive the attention of various funding groups.  CGI Merchant Capital’s ultimate goal is to help a start-up company develop and prepare their business plan, aid them through the angel, mezzanine and late stage financing phases and eventually on to the IPO or acquisition stage.

The Market for CGI's  Merchant Capital Group reaps the benefits of the overall company marketing strategy.  However, the subsidiary also advertises independently, targeting its market niche, and maintains strategic relations with investment bankers and venture capital groups.  The Group has an expert in the Mexican and Latin American markets and, therefore, is also advertising its expansion strategies and capabilities into those markets.

According to various industry experts such as Investor’s Business Daily, The Wall Street Journal, and other financial publications, many investors are looking for smaller, more efficient, and more capable advisory firms as an alternative to their current managers.  Investors now require more personal attention than most large firms are able to provide.  In addition, funds being managed by larger firms have under-performed, producing negligible returns on investments. 

As a result, many investors are seeking smaller firms, with less assets under management, more staff available, more personalized service, and excellent growth prospects.  In addition, many investors are looking for high return investments, such as attractive start-up companies.  These companies include small and medium sized companies and micro cap companies with growth potential.  Investors have migrated from investing in large cap funds that have under-performed and have been overshadowed by the excellent performance of some micro and small company funds. 

The U.S. Hispanic market has enormous potential for several reasons.  The U.S. Hispanic market involves approximately 1.7 million business owners. This particular market also represents $425 billion in purchasing power per year.  These Hispanic companies are growing companies that are overlooked and underserved by big Wall-Street firms and financial institutions. According to the latest census, there are approximately 37 million Hispanics in the United States and 10% of them are in the upper income level, earning $100,000 or more per year.  In addition, of the 1.7 million Hispanic-owned businesses, 90% of those are small- and medium-sized businesses with financial needs ranging from financial planning and advice and the management of pension plans, to obtaining private debt and equity financing, business and management consulting, and other services.

Concilium Insurance provides planning, research, and implementation services necessary to meet estate funding, pension, and tax planning objectives of the Concilium client base. The agency represents some of the leading carriers in the nation.

The life insurance industry has evolved over many years and is comprised of multiple niches.  In the highly affluent market, life insurance is generally sold by agents and companies that have developed a reasonable understanding of the needs of people in this market and have developed products and strategies accordingly. 

Generally, CGI's unique insurance products are offered either in conjunction with an overall financial plan for a CGI client or as a result of a direct relationship between the client and the agency.  The insurance carriers utilized are among the upper tier of companies in financial strength as determined by independent rating agencies.

CGI Insurance Services is currently licensed in the state of Utah, its current home base, and is engaged in the process of becoming licensed in all other states as well. 

The Market for Concilium Insurance Services is comprised of multiple niches and CGI enjoys the benefits of CGI’s cross-brand advertising and thereby derives hundreds of leads from individuals seeking assistance in tax minimization, asset protection, or other wealth planning issues.  Additionally, CGI Insurance provides its own marketing materials for direct mail and for placement in appropriate publications. 

The majority of plans and strategies executed for clients are in conjunction with other organizations that specialize in a particular niche, such as Welfare Benefit Plans, Pension Plans or ESOPs.  The administration of each such plan is conducted by the respective third party provider, for which a portion of the commissions derived from sales are shared.  Other sales of life insurance can be a part of buy-sell agreements, split dollar plans, executive bonus plans, estate funding plans, or others.  It is anticipated that a number of acquisitions will be completed in this industry during the next 18 months and several targets have already been identified.

There are several inherent tax advantages built into life insurance as allowed under existing laws regulated by the U.S. Congress and the IRS.  CGI Insurance constantly researches the latest regulatory environment so that it is able to provide its clients with the most robust and secure strategies.

Concilium Real Estate and Mortgage Services, Inc. serves clients seeking assistance in the financing of acquisitions or disposition of residential or business real estate.  The real estate and mortgage division brings expertise in real estate acquisition strategies, project management, financing products, financial analysis, and 1031 exchanges or other tax deferral strategies.  The division specializes in non-conforming residential and commercial mortgages, jumbo mortgages, and land development.

CGI Real Estate and Mortgage has identified three distinct arenas in which it operates; real estate advisory services, mortgage financing products, as well as land and building development advisory and management.  Concilium Real Estate and Mortgage Services is a niche provider of real estate consulting and mortgage services whose central aim is to service the unique real estate requirements of the CGI client.  Those needs have been variously identified to include all of the following:

CGI Real Estate and Mortgage interacts with CGI and the other subsidiary companies, most notably the Concilium Planning Group, to identify those clients requiring fee-based advisory services and implementation of the client's real estate investment, financing, holding or disposition requirements. 

The Market for Concilium Real Estate and Mortgage Services is primarily drawn from lead sources generated by CGI and, more specifically, from clients retaining CGI.  Notwithstanding a reliance on that source, CGI Real Estate and Mortgage becomes involved in the marketing process long before the client retains CGI's services.  Sales associates in the field may rely on or direct a prospective client to one or more consultations with the subsidiary to review specific needs relating to real property structuring or financing preliminary to the client's decision to retain CGI.  In this way, CGI Real Estate and Mortgage becomes an integral part of a coordinated marketing process that may well begin with CGI and CGI Planning, but involves the collective efforts of this subsidiary and the other subsidiaries to address specific client requirements that may be best served by the respective disciplines of each.

It is anticipated that as a result of its real estate development services, CGI Real Estate and Mortgage may produce, over time, qualified prospective clients through its association with outside financing partners, joint venture partners, or vendor relationships involved in the development process administered by the subsidiary.  These ancillary lead sources will serve to supplement the primary marketing approach presented earlier. In addition, CGI is actively seeking to acquire an existing mortgage bank, which will allow it to expand its service capabilities as well as adding significantly to the bottom line.

The real estate advisory and mortgage finance industry consists primarily of a loosely configured cornucopia of skill sets operating under the umbrella of transactional activity relating to the purchase or sale of real property.  This is served in the marketplace by real estate brokers, title and escrow companies, real estate attorneys, tax professionals, appraisers, mortgage lenders and brokers, all of whom have limited interaction with one another despite their individual input into the client's transaction.  Industry newsletters and trade associations serving those various disciplines rarely interconnect to bring a coordinated approach to either the serious investor or the peripheral one whose business or personal needs requires expertise that may collectively draw from these many disciplines.  Further distracting these advisors from delivering the best solution to the client are conflict of interest issues that inevitably result in an approach that may not optimize the client's ultimate objectives. 

Finally, while real estate financing has evolved into an internet-ready product available to anyone able to click a computer mouse, it has also morphed into a highly fragmented menu of financing options and methods that can overwhelm even the seasoned mortgage practitioner.  Raising the stakes further as it relates to the affluent, are the challenges of identifying mortgage financing available to the non-conforming, luxury home and second-home borrower whose circumstances may not fit into the parameters of traditional lenders.  These can include loan-to-value or size limitations, collateral restrictions, ownership vesting issues, verifiability or durability of income or borrower/guarantor credit issues.  CGI Real Estate and Mortgage utilizes web-based solutions in combination with existing and prospective agency relationships with niche lenders whose product profiles are best suited to the CGI client. 

Concilium recently purchased Saddleback Finance, a Southern California equipment leasing business. The new division will continue its business of equipment leasing and will expand into funding. Concilium Finance and Leasing Services will focus on the small-ticket leasing market where it can provide instant credit decisions and automatic document processing. 

Concilium is in the process of adding a direct funder capability to its leasing business to enable quick credit and realize a new revenue stream. The software is already in place to perform credit scoring models on lease candidates. Service of equipment leased is handled by the equipment manufacturer and collections are bundled as a portfolio and sold to various banks and agencies. 

Concilium Finance and Leasing Services is in the inquiry mode of making future acquisitions of other, smaller leasing companies. The division is also identifying "Super-Brokers" who require operational expertise and assistance, but don't the have or want the capacity or overhead. 

The Market for Concilium Finance and Leasing Services is part of an unregulated marketplace that accounts for $265 billion in capital expenditures. 9 out 10 businesses in the U.S. lease equipment and it's estimated that one-third of all capital equipment expenditures are lease financed. CGI's marketing strategy will concentrate on ticket sizes of $25,000 to $250,000 and a term of two to five years.

The future strategy of the leasing division is to develop a call center, expand geographically, develop a credit-card for clients and instituting non-refundable application fees as a revenue stream.
 
 

***  RECENT NEWS & POTENTIAL ACQUISITIONS ***

Precom Announces $10 Million Investment In Private Equity Fund for Unique Venture Investments 

BOCA RATON, Fla., July 12, 2002 /PRNewswire-FirstCall/ -- Precom Technology, Inc. (OTC Bulletin Board: PMMT), announced today that it completed a subscription for a $10 million investment in the Prospect Private Equity Fund on June 30, 2002. The Fund is managed by Prospect Street Ventures, a New York City venture capital firm. The Fund will focus on private companies with protected technologies, proven management and revenues or contracts in place. 

 BOCA RATON, Fla., June 17, 2002 (PRIMEZONE) -- Precom Technology, Inc. (OTCBB:PMMT), doing business as Concilium Group, announced today that it has completed the formation of a private equity venture capital fund limited to high net worth individual investors. Prospect Street Ventures, an established venture capital firm in New York City and Precom's strategic partner, will manage the fund. The fund will focus on private companies with protected technologies, proven management, and actual revenues or contracts in place. Initial closing of the Fund is expected by July 15, 2002. 

Precom Acquires Saddleback Financial in $4.5 Million Stock Transaction; 
Widens Suite of Financial Services Available to Entrepreneurial Clients

STAMFORD, Conn., June 3, 2002 (PRIMEZONE) -- Precom Technology, Inc. (OTCBB:PMMT) announced today that it has acquired the equipment leasing business of Saddleback Financial Corp, based in Orange CA. Saddleback has been engaged in the equipment leasing business since 1983. The acquisition was an all stock transaction, with two million shares of common stock, at an agreed valuation of $1.00 per share for purposes of the exchange, and one million shares of preferred stock of Precom issued to Saddleback at closing in exchange for all of the assets of Saddleback, including fixed assets, work in process, contracts, the Saddleback name and all other operating assets. The existing business acquired by Precom will be operated through a new subsidiary of Precom, Saddleback Finance, Inc., which has been formed to continue the business. 

The following acquisition targets have been identified for future development: 

Concilium Broker Dealer
CGI is engaged in negotiations to acquire an interest in an existing registered securities broker dealer, with offices nationwide, to assist with securities related transactions for its clients, to allow the offer and sale of securities products as part of the planning process and to satisfy clients’ other investment goals. 

Concilium Business Counsel
CGI plans on establishing a business counsel division within three to six months to provide management-consulting services to its clients.  The business counsel division will focus on the middle-market business advisory sector and will work closely with CGI Merchant Capital to identify potential IPO or acquisition candidates early in their development process and provide the consulting expertise needed to position a company for maximum IPO or acquisition advantage.  Many start-up companies have things in common – they lack an effective business plan, marketability, experienced management, and funding.  CGI’s goal is to help start-up companies progress to the next stage in their development, including the angel, mezzanine, and late-stage financing.  Ultimately, CGI’s objective is to provide an exit strategy for these companies, such as an IPO or acquisition transaction.  The division will also focus on delivering valuable, unique performance management solutions to companies in different sectors of the business environment.
 

***    SELECTED FINANCIAL HIGHLIGHTS   ***

Shares Out:  44.204 million
52 Week Hi-Low: 05/03/2002 = $1.110 - 10/03/2001 = $0.050
Recent Daily Vol: 35,400 (07-17-02)
 

***  CONTACT  ***

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