Business News
Strata Capital Corp. Announces Acquisition of Boutique Investment Firm
2008-08-06 08:55:00
Strata Capital Corp. Announces Acquisition of Boutique Investment Firm
CHARLOTTE, N.C., Aug. 6 /EMWNews/ -- Strata Capital Corp. (Pink Sheets: STRP) announced today it has completed the acquisition of BellaCloud, Inc. a small boutique investment firm in Atlanta, Georgia. The acquisition adds up to $500,000.00 in assets to the Company. BellaCloud, Inc. focused on private investments in small to medium business with an average of 15%-30% return on investment within 18 month from the initial investment. The operations of BellaCloud, Inc. will be absorbed into Strata Capital Corp. therefore decreasing overall costs. "The purchase of BellaCloud, Inc. will serve to build our revenue generating portfolio. As we continue to seek out other proven business endeavors that meet our criteria the portfolio will grow until we have created a self-sustaining long term revenue generating stream. BellaCloud is just one of many acquisitions that will reward our shareholders with increased dividends," said Mr. Kolaczek, President of Strata Capital Corp. This press release contains certain forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
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