Novus Announces Dividend, a Milestone Proclamation
03 Juin 2013 - 3:00PM
Novus Acquisition & Development Corp. (OTC:NDEV) announces that
as promised in past summarizations of Novus' business model, the
company will declare a 7% dividend of one of Novus' portfolio
companies Baroma, Inc.; the total shares held in Baroma by Novus is
4,000,000 shares. This corporate action will be effective once
registrations statements are approved and completed by the
Securities Exchange Commission and/or other regulatory bodies.
Additionally, in the next 2 weeks, Novus will announce new
solidified acquisitions and/or exclusive business development
transactions of which, once approved by regulatory agencies, will
likely do the same corporate actions, pending regulatory body
approvals. We want to thank our shareholders for their continued
support over the years and want them to keep their focus on Novus'
dynamic future.
Management chooses this business model, with the intention of
delivering dividends to shareholders anywhere from 5% to 15%, which
is perhaps designed for reoccurring returns for our shareholders as
we increase our portfolio of companies. Currently the company has
two portfolio companies, Voda Technologies, Inc., a consumer and
industrial water manufacturer, and Baroma, Inc., an Accountable
Care Organization ACO contracted with Medicare, delivering
high-quality care and spending health care dollars more wisely, it
will share in the savings it achieves for the Medicare program
under the Patient Protection and Affordable Care Act of 2010
(PPACA), depicted in Murphy Analytics coverage report
http://www.murphyanalytics.com/uploads/NDEV_Market_Overview.pdf.
Frank Labrozzi, Novus' Chairman for last 6 years
states, "As our country economy improves in this gradual
trend, it's evident and still most Wall Street financial
institutions turn away what we see are credible values, due to
continued self lock down of funding capital." Labrozzi goes to
further state: "Smart money knows it is the time to build to deploy
their war chest of capital to take advantage of a buyer's market in
months to come; this will result in Novus opportunity of growth at
a faster pace."
Frank Labrozzi is a 20 year Wall Street veteran who is an
analytical executive with diverse industry disciplines and has
worked with numerous small to mid cap companies with specialty on
merger and acquisitions and private consulting to corporate
finance.
Mr. Labrozzi consulted and negotiated contractual terms with
many industry leaders with increased market capitalization,
corporate cap structure and market assessment with numerous private
and public companies. He represented Reorg/Turnarounds as interim
management for public companies that were in the brink of
insolvency, and introduced Asian and European companies to the
NASDAQ equity markets.
About Novus
Is a merger and acquisition company where its works with newly
acquired companies in branding their products and or services,
advertise and market through all media forums, build distribution
by funding their efforts through investment and organically. We
give our operating companies the resources, services, skills and
experience necessary for success in the public market as well as
growing their business. Novus selects successful companies then
assists these companies with business development and creates
profitability and value for our shareholders. The Company's niche
is small to medium cap companies that seek to enter the equity
markets and want the necessary marketability and deployment of its
capitalization structure and its business model.
Radio Interview:
An interview was held on May 5, 2013; an archived recorded
version can be found on the homepage of Stock Traders Talk at
www.stocktraderstalk.com, following the interview.
Safe Harbor Statement
This release includes forward-looking statements, which are
based on certain assumptions and reflects management's current
expectations. These forward-looking statements are subject to a
number of risks and uncertainties that could cause actual results
or events to differ materially from current expectations. Also any
future declaration of stock dividends either stock or cash is
the sole discretion of management, however any disclosure of stock
dividend in this statement is for the purpose of management
business model, however approval from the Securities Exchange
Commission will made prior to any commitment or delivery of any
dividends. Some of these factors include: general global economic
conditions; general industry and market conditions and growth
rates; uncertainty as to whether our strategies and business plans
will yield the expected benefits; increasing competition;
availability and cost of capital; the ability to identify and
develop and achieve commercial success; the level of expenditures
necessary to maintain and improve the quality of services; changes
in the economy; changes in laws and regulations, includes codes and
standards, intellectual property rights, and tax matters; or other
matters not anticipated; our ability to secure and maintain
strategic relationships and distribution agreements. This includes
performance of Novus' portfolio companies. The Company disclaims
any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
CONTACT: Frank Labrozzi, CEO
Novus Acquisition & Development Corp
14707 S Dixie Highway
Miami, FL 33158
Voice: 305-467-6699
Email: Frank@ndev.biz
Website: www.ndev.biz
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