Green Global Investments, Inc. Changes Name to LivingVentures, Inc.; Appoints C. Geoffrey Hampson Executive Chairman
-Also Secures Its First Management Contract in the U.S.-
MAITLAND, Fla.--(BUSINESS WIRE)-- Green Global Investments, Inc., a fully integrated real estate investment, development and operating company focused on senior housing management, has changed its corporate name to LivingVentures, Inc. and introduced its new trading symbol (OTCBB:LIVV), as approved by FINRA.
The name change is more closely aligned with LivingVentures' mission to become a leading senior housing management company with a resident-centric service model. As part of its growth strategy, the Company expects to continue to identify compatible acquisitions, development opportunities and mergers, joint ventures and financing channels for seniors housing properties, which will provide further opportunities to manage seniors housing facilities.
Separately, LivingVentures, Inc. announced the appointment and Board ratification of C. Geoffrey Hampson, age 55, to the new position of Executive Chairman. As Executive Chairman, Mr. Hampson will work with the Company's CEO, Rick Asta in establishing the strategic direction and goals for the business and ensuring that LivingVentures has access to capital sources necessary to execute that plan. Mr. Hampson has been a Director of the Company since 2012. Mr. Hampson has a 30-year career as a senior executive and entrepreneur in a variety of businesses at different stages of their corporate development, from start-ups to consolidations and turnarounds. He has also been involved in numerous M&A transactions on both the "buy" and "sell" side, and has experience negotiating international joint ventures in countries such as Brazil, Russia and China.
Allen Huie, Chairman of LivingVentures said, "We are pleased to announce Geoff's appointment as Executive Chairman. As a Director of the Company, Geoff has already made significant contributions to our business model, and we look forward to his taking a more active role in our operations. Geoff's banking experience and M & A expertise will be invaluable as LivingVentures executes its strategic growth plan to become a leading resident-centric seniors housing company."
In addition, LivingVentures, Inc. also reported that it has secured its first U.S. management contract. Nature Coast Lodge, located in Lecanto, Florida is a 65- unit, 85- bed assisted living facility. As manager, the Company expects to increase occupancy and improve operating results of this community.
About LivingVentures, Inc.
LivingVentures is a fully integrated real estate investment, development and operating company focused on senior housing management. Its hospitality model and resident-centric approach provide the company advantages in the senior living sector. The company currently operates senior housing projects in Canada and Florida and plans to develop, own and manage assets in markets across the U.S. and Canada. LivingVentures has extensive expertise in senior housing management, commercial real estate development and capital market markets financing. Its recent acquisition of International Care Management Services ("ICMS"), a company that manages 1,000 senior housing units in Ontario, Canada, brings a robust pipeline of attractive acquisition opportunities. The company also provides EB-5 equity capital and debt financing. To learn more about the company, visit its website, www.livingventuresinc.com.
Safe Harbor Statement
Statements included in this press release that do not relate to present or historical conditions are "forward-looking statements." Forward-looking statements may include, without limitation, statements relating to our plans, strategies, objectives, expectations and intentions and are intended to be made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Our ability to predict projected results or the effect of events on our operating results is inherently uncertain. Forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those discussed. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by which, such performance or results will be achieved. Forward-looking information is based on information available at the time and/or management's good faith belief with respect to future events, and is subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Important factors that could cause actual performance or results to differ materially from those expressed in or implied by, forward-looking statements include, but are not limited to factors described in our 2011 Annual Report on Form 10-K and 2012 Quarterly Reports on Form 10-Q.
Richard Asta, 407-875-9989
President & CEO
Porter, LeVay & Rose, Inc.
Michael Porter, 212-564-4700
KEYWORDS: United States North America Florida
The article Green Global Investments, Inc. Changes Name to LivingVentures, Inc.; Appoints C. Geoffrey Hampson Executive Chairman originally appeared on Fool.com.
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