ECGP Envit Capital Group Inc (CE)

Envit Capital Group, Inc ( PINKSHEETS: ECGP ) a holding company for financial entities, investor partnerships, and asset management subsidiaries, today announced that its Chairman & CEO has authorized a share repurchase program. Edward M. Laborio Chairman & CEO has authorized Envit Capital, from time to time and depending on market conditions, to repurchase shares of its outstanding common stock, with up to an aggregate value of $1 million. These repurchases will be made in open market or privately negotiated transactions in compliance with Securities and Exchange Commission and other applicable legal requirements. The manner, timing and amount of any purchases will be determined by Envit Capital based upon an evaluation of market conditions, stock price and other factors. The authorization does not obligate Envit Capital to acquire any particular amount of common stock and may be modified or suspended at any time at Envit�s discretion. About Envit The Envit Capital Group, Inc operates as a holding company for financial entities, investor partnerships, and asset management subsidiaries. The company was founded in 1979, and is headquartered in Boston, Massachusetts. The company is headquartered at 99 Summer Street; 17th Floor Boston, MA 02110 (617)-542-3333. Forward-looking Statements "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.