BOCA RATON, FL–(Marketwire – 05/16/11) – Netco Investments, Inc. NCVT proudly announces today that the Company has acquired 24.5% of Merrimac Securities Corp. Inc. in an all stock transaction valued at 4.18%* of NCVT (*fully diluted).
Thomas Craft, Director & Corp Secretary, commented: “Our experience in marketing and brokerage combined is evident in our acquisition and investment into Merrimac and Merrimac's founder: Stephen Pizzuti. Merrimac is one of the largest independent firms headquartered in Florida with over 100 registered representatives; a multi-million dollar revenue base Merrimac is poised for rapid expansion. Management has targeted several complimentary investments and acquisitions in our search for financial services assets, including but not limited to insurance & mortgage.”
Stephen Pizzuti, Founder of Merrimac, commented: “I'm pleased to be joining the Netco Team. In these days of an ever changing regulatory environment and the fragmentation of both the brokerage industry and its brokers, the industry is poised for change. With change comes opportunity for those properly positioned to seize it. I'm a strong believer that our greatest asset is the ‘Professional Investment Broker.' I believe strongly that by focusing on and investing in our brokers with improved products, services and technology, both our clients and our firm will prosper greatly. Joining the Netco team will provide Merrimac the resources to complete its mission.”
About Merrimac Securities Corp.
Merrimac Corporate Securities, Inc. (“MCSI”), a full service broker dealer, is a member of the Financial Industry Regulatory Authority (FINRA), the Securities Investor Protection Corporation (SIPC) and the Municipal Securities Rule Making Board (MSRB). MCSI transacts business for individual and institutional clients through a correspondent clearing relationship with Penson Financial Services, Inc.
At Merrimac Corporate Securities we seek to go above and beyond the norm in terms of quality of our asset management and research, maintaining a high level of integrity in the industry. MCSI does not inventory any of our investment recommendations. MCSI does not “make markets” in any securities. MCSI Financial Consultants receive no added sales incentive regarding any investment recommendations. MCSI Financial Consultants do not have sales quotas.
Investors can enjoy unbiased, reliable, information without any conflicts of interest.
- MCSI provides each individual client professional stock executions, effected quickly and efficiently.
- MCSI provides a full range of premier mutual fund families, plus variable annuities and variable life products. No proprietary products!
- MCSI access's professionally guided equity portfolio services. Ask about our Affiliated Money Management Account Programs.
- MCSI provides Consulting Services for businesses in a number of areas including managing assets, employee benefit plans, and business insurance and cash flow management.
- MCSI provides referral services that address areas such as estate planning, retirement planning, trusts and other individual areas of need.
- MCSI offers banking services with sophisticated access and accounting linked to your investment account.
MCSI's Financial Consultants are qualified and trained to meet the challenges of his or her position. Emphasis is placed on product knowledge and client service enhancements. Through research briefings our Financial Consultants are updated on current events, securities recommendations, and advised on potential new investment products. Our Financial Consultants are trained in handling all types of accounts that we offer including individual or joint accounts, corporate accounts, IRA's, Sep IRA's, 401(k)'s, Simple Plans, Roth IRA's, etc. We pride ourselves on offering the public Financial Consultants for today's markets.
For easy access and more information – www.evaluvestp4.com/
About NETCO INVESTMENTS
Netco Investments, Inc. (“the Company,” “we,” or “us”) provides merchant banking type services to small, private and microcap public companies seeking debt and equity capital and/or to be part of a diversified, resource sharing, business combination. The Company also engages in advising distressed private and public companies in special turnaround situations. Specifically, the Company identifies small private and public companies (the “Clients”) and assists them with managerial, accounting and financial advice, and helps the Clients refinance and / or raise adequate capital by introducing them to potential investors and lenders. Our principal objective is to increase our Clients' value through improving the efficient use of their existing resources and the establishment of new organizational, operational and financial controls. Additionally, we support the financial decision making process which allows for maximization of shareholders' value, and assist in identifying acquisition opportunities and analyzing the risk/reward factors of potential acquisitions. We maintain strategic relationships with professionals from many different disciplines; domestic and foreign. Our team has invaluable experience in domestic and foreign endeavors, and possesses expertise and experience in international markets that allow for innovative opportunities and solutions suited to the subsidiaries specific needs. Our professionals aid organizations in being innovative across the full spectrum of their activities, from setting strategy and shaping the organizational culture to identifying key additional management where needed to develop cutting-edge products and technologies. We assist our Clients in reinventing their organizations, enhancing their capacity for learning and change, and in doing so, create lasting value. As compensation for the Company's services, the Company receives consulting fees and may also receive shares of the Client (s), which may then be registered by the Client in a future public offering and/or (if Client is a public company) divest shares if applicable market conditions avail. The Company anticipates that shares it receives as compensation will be assessed for valuation at par value. In addition, the Company may acquire business entities and operations by an exchange in common shares or other asset classes. The Company will at all times report shares or other asset classes it receives as compensation on any reports required to be filed with the U.S. Securities and Exchange Commission.
Forward-Looking Statements – Safe Harbor: Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
Contact:
Contact:
Netco Investments, Inc.
www.NetcoInvest.com
PH 561 705 4803
Ronald Stewart
IR/PR
(305) 240 7960
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
