DGAP-News: Kennedy Capital Corp.. Kennedy Capital Corp. merges with the NASDAQ / OTCBB American First Financial Inc.
(firmenpresse) - DGAP-News: Kennedy Capital Corporation / Key word(s): Strategic
Company Decision/Merger
Kennedy Capital Corp.. Kennedy Capital Corp. merges with the NASDAQ /
OTCBB American First Financial Inc.
02.07.2013 / 16:38
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Kennedy Capital Corp.. Kennedy Capital Corp. merges with the NASDAQ / OTCBB
American First Financial Inc.
- Kennedy Capital merges its operations into American First Financial Inc.
(AFRS)
- Business is now conducted under the name of American First Financial Inc.
- Dr. Michael Rau and Dietmar R. Goetz form the Board of Directors
- 5% bonus shares to existing investors
The Kennedy Capital Corp. (ISIN VGG730141139), a holding company, and
provider of payment services as well as corporate and real estate financial
services, joins forces by way of merger with U.S. Company - American First
Financial Inc.
The Board of Kennedy Capital has, after several meetings and strategy
sessions, decided to merge Kennedy Capital into the U.S. based company
American First Financial Inc. (Nasdaq Ticker / OTCBB: AFRS) and is from now
on operating under the name of American First Financial Inc..
The American First Financial Inc. was founded in 2001 and is also active in
the financial sector and thus forms an excellent synergy with Kennedy
Capital. The origin of Kennedy Capital is located in the United States and
this was kept after the merger in May 2012.
Simultaneously to the process of listing on other stock markets, the
Management Board was looking for another alternative for the listing and
trading of the shares. However, the priority was clearly to merge with a
company which is contributing rich synergy benefits and is at the same time
has been established for many years. These conditions were clearly met by
American First Financial Inc.. Furthermore, the trading venue Nasdaq / OTC
Bulletin Board also provides tremendous transparency and high market
volume.
Currently a secondary listing on the Berlin Stock Exchange is in the works
to offer new prospects as well as existing investors a European trading
exchange.
The Board of Directors is formed by the team of Kennedy Capital, Dr.
Michael Rau as CEO, Dietmar R. Goetz as COO and Thomas Nowak as CFO.
Currently American First Financial Inc. is already tradable on NASDAQ /
OTCBB Market. The listing on the Berlin Stock Exchange is expected within
the next 14 days. The market price after the merger is expected to be about
U.S. $ 1.44 in the U.S. and EUR 1.10 in Berlin and thus corresponds to the
last price of Kennedy Capital on december, 14th, 2013.
Kennedy Capital has steadily continued business operations and continued to
fulfill investment commitments. Accordingly it was agreed on between
Kennedy and American First Financial Inc. to increase the capital within
the next three months in order to furthermore ensure liquidity for further
growth. To this end it was decided that existing shareholders of Kennedy
Capital will get their shares exchanged at an 1:1 price ratio. For the
period of three months European shares are considered Restricted Shares
which may not be sold. After this period, the shares can be freely traded
on the relevant Europrsn stock exchange. In addition the 5% bonus shares
will be issued at the same time which have a holding period of 12 months.
In order to ensure a smooth converting of the shares we kindly ask all
existing shareholders to register for the Investors section of the Kennedy
Capital website.
Once this is done we will forward your information to the Transfer Agent in
the USA.
He will then draft two certificates per investor. One certificate refers to
actually owned shares which are traded in the price ratio of 1:1 and are
restricted for 3 months, a further certificate includes your 5% bonus
shares which are subject to a holding period of 12 months. After drafting
the certificates will be issued to the shareholders directly from the
transfer agent. After the deadlines, the shares are transferred to
shareholders electronically and then are freely tradable in Berlin.
We are updating our website for our investors to be able to register to
receive share transfer instructions online. This process is almost
completed and the investors area can be used in the next days.
Dr. Michael Rau, CEO: 'We are convinced that in performing the merger with
American First Financial Inc. we have selected the right way for the
company but also for the investors to continue to grow in the long term.
The Nasdaq/OTC Bulletin Board has become a recognized stock exchange and
the Berlin Market also offers a high standard for European investors. An
important factor in choosing the OTCBB trading platform was for a start the
high volume of trade which prevails there every day. On the other hand the
transparency which is achieved e.g. through quarterly business reports
benefits all investors. Accordingly, the company can now fully concentrate
on pushing forward business operations and accomplish a positive annual
report.'
About the Kennedy Capital Corp.:
Kennedy Capital Corp. is an international investment company with a focus
on developing and marketing proprietary products. The participation in
innovative and success-oriented businesses is a core focus of Kennedy
Capital. The managements business network and the broad orientation of the
investments provide a significant competitive advantage. Kennedy Capital
creates tailored solutions and financing for its projects and investments.
This way each client's unique financial needs are met.
Kennedy Capital focuses on companies with a good and profitable business
model. This includes investments in young and established companies
worldwide. The company's goal is the construction of a portfolio of
interesting and profitable investments.
The finance department of Kennedy Capital Corp. is supplemented by the
companies New Media Group AG, a provider of payment services, Bizzvest
Holding&Investment Group Corp., which specializes in the corporate and
startup financing, and the Kennedy Capital Real Estate Finance Corp. which
deals with Tax Deed and Tax Certificate financing as well as real estate in
the United States. The company combines classic and innovative business
models to create sustainable long-term profitability and work
success-oriented.
Contact:
Germany office
Kennedy Capital Corp..
World Trade Center Stuttgart
Lautenschlagerstr. 4
70713 Stuttgart
Tel +49 (0) 711/21 57 94-34
Fax +49 (0) 711/21 57 94-33
www.kennedy-capital.de
info(at)kennedy-capital.de
Contact:
Dr. Michael Rau
Mr. Dietmar R. Goetz
End of Corporate News
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