Advantage Capital Development Corp. Portfolio Companies Report Significant Developments
25 Janeiro 2005 - 12:01PM
PR Newswire (US)
Advantage Capital Development Corp. Portfolio Companies Report
Significant Developments Cinema Ride Reports First-Year Ticket
Sales in Excess of $6 Million; NetWorth Solutions Solidifies
Marketing Agreement with Database Solutions MIAMI, Jan. 25
/PRNewswire-FirstCall/ -- Advantage Capital Development Corp. (OTC
Pink Sheets: AVCP) announced today that two of its portfolio
companies, Cinema Ride (OTC:MOVE) (BULLETIN BOARD: MOVE) and
NetWorth Technologies, Inc. (OTC:NWRT) (BULLETIN BOARD: NWRT)
reported significant corporate developments. Cinema Ride, soon to
be renamed TIX Corporation, reported first-year ticket sales in
excess of $6 million. NetWorth Technologies, formally known as
Colmena Corp., announced it has entered into a strategic marketing
agreement with Database Solutions, Inc. (OTC Pink Sheets: DBSJ).
Advantage Capital Development Corp. recently provided a $500,000
bridge loan in the form of a convertible debenture for Cinema Ride,
which through its wholly owned subsidiary Tix4Tonight, sells
half-price, same-day Las Vegas show tickets. Last month, Advantage
Capital participated in a $600,000 strategic investment in NetWorth
Technologies, Inc., an information networking, security and IT
auditing company. "From zero to $6 million in first-year ticket
sales is truly an outstanding accomplishment," said Jeffrey
Sternberg, president and CEO of Advantage Capital Development Corp.
"Certainly this validates the company's business model. We're very
excited about the potential for second-year sales when Tix4Tonight
moves into its new and more high-profile space next month at the
Fashion Show Mall in Las Vegas." Sternberg said that NetWorth's new
agreement with Database Solutions calls for the Toronto, Canada
company to market the Reliability Edge, NetWorth Systems'
proprietary IT network auditing tool, to insurance companies in
Canada and the United States as well as market NetWorth's Database
Solutions Agent Intelligence system in the U.S. "We are encouraged
by the quality of NetWorth's technology and its aggressive approach
to marketing," Sternberg said. "We believe investments in companies
like this can provide long-term value for our shareholders." About
Advantage Capital Development Corp. Advantage Capital is a business
development company, which operates specifically to meet the needs
of small and emerging companies that need capital to grow. Business
development companies, as defined under the Investment Act of 1940,
are specifically designed to encourage the growth of small
businesses. The rules provide certain financing advantages for
companies that invest in small and emerging businesses. As a
result, this will include investing in both public and private
entities using certain types of debt and equity financing not
normally available to other public companies. About Cinema Ride,
Inc. Cinema Ride, through its wholly owned subsidiary, Tix4Tonight,
opens at noon every day to sell show tickets to many of the great
Las Vegas shows at half-price on the same day of the show. The
business is currently located next door to the Harley-Davidson
Cafe, in a facility along a section of the Strip, which the Company
believes has the heaviest foot-traffic in Las Vegas. The Company
expects to move from this facility into its permanent South Strip
location at the new Hawaiian Marketplace in early 2005. The Company
also operates a ticket booth on the north end of the Strip, which
is scheduled to cease operations shortly after the opening at the
Fashion Show Mall. About NetWorth Technologies, Inc. NetWorth
Technologies (OTC:NWRT) (BULLETIN BOARD: NWRT) is a 12-year-old IT
services company. Its portfolio of operating companies consists of
NetWorth Systems Inc., an IT network management, security and IT
auditing company, and NetWorth Government Systems, which offers IT
services and products to municipal, state and federal agencies. The
Company's proprietary solution, the Reliability Edge, evaluates IT
asset usage and network security and eases the migration to new
software and hardware platforms. NWRT also offers software products
from Microsoft, Best and Open Systems. For more information on
NetWorth Technologies Inc., please visit
http://www.networthtechnologies.com/ . An investment profile about
Advantage Capital Development may be found online at
http://www.hawkassociates.com/advantagecap/profile.htm . An online
investor kit containing Advantage Capital Development press
releases, SEC filings, current price Level II quotes, interactive
Java, stock charts and other useful information for investors can
be found at http://www.hawkassociates.com/ and
http://www.hawkmicrocaps.com/ . Investors may contact Frank Hawkins
or Julie Marshall, Hawk Associates, at (305) 852-2383, e-mail: .
Safe Harbor Statement: The Private Securities Litigation Reform Act
of 1995 provides a "safe harbor" for forward-looking statements.
Certain of the statements contained herein, which are not
historical facts, are forward- looking statements with respect to
events, the occurrence of which involve risks and uncertainties.
These forward-looking statements may be impacted, either positively
or negatively, by various factors. Information concerning potential
factors that could affect the Company is detailed from time to time
in the Company's reports filed with the Securities and Exchange
Commission. DATASOURCE: Advantage Capital Development Corp.
CONTACT: Frank Hawkins or Julie Marshall, both of Hawk Associates,
+1-305-852-2383, or , for Advantage Capital Development Corp. Web
site: http://www.advcapdev.com/
http://www.networthtechnologies.com/
http://www.hawkassociates.com/advantagecap/profile.htm
http://www.hawkassociates.com/ http://www.hawkmicrocaps.com/
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