KCMH Announces Financial Strategy to Bring Tech Company GEENIUS to Wall Street with $7.5 Million in Funding
19 Décembre 2008 - 4:00PM
Business Wire
KCM HOLDINGS CORP. (OTC: KCMH � News) announced it has signed an
agreement with GEENIUS Inc., a pioneering, Web 3.0 Internet company
that has developed a first-of-its-kind e-entrepreneur platform
backed by a patented knowledge transfer technology, to implement a
financial strategy and begin the registration process as a publicly
traded company. The strategy involves current negotiations for up
to $7.5 million capital investment to acquire the necessary patents
and assets to solidify GEENIUS to become the next �ebay of
knowledge�. Once secured and registration as a public company is
approved, KCMH, with commitments from third party financial
institutions will inject up to an additional $4 million in
operational capital. KCMH will receive fees and a percentage
ownership in GEENIUS. KCMH has also created an innovative model to
protect investor capital as a cornerstone of this strategy. The
majority of capital will be secured in an investment grade hedge
fund portfolio and managed by KCM Trading Group, a KCMH subsidiary.
This asset will be leveraged accordingly while mitigating risk to
investors. GEENIUS will be featured with KCMH airing on PBS's The
National Report series, hosted by legendary news anchor Hugh Downs.
Clips can be viewed on www.thekcmgroup.com. To learn more about
GEENIUS visit www.geenius.com. About KCMH: KCM HOLDINGS CORP. is a
strategic business incubation and holdings company specializing in
a broad range of business development, support, design and
development ventures. Visit www.thekcmgroup.com. Disclaimer Forward
Looking Statement The contents of this Press Release may be deemed
to include forward-looking statements within the meaning of United
States securities laws and the Private Securities Litigation Reform
Act of 1995. Forward-looking statements are only predictions and
should not be relied upon for investing decisions. Actual results
might differ materially from those projected in the forward-looking
statements for a variety of reasons, including market conditions,
competition and new regulatory requirements. Forward looking
statements involve known and unknown risks, uncertainties and other
factors that may cause the Company�s actual results, levels of
activity, performance or achievements to be materially different
from any future results, levels of activity, performance or
achievements expressed or implied by the forward-looking
statements. We cannot guarantee future results, levels of activity,
performance or achievements.
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