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Frank Crivello, Managing Member, Crivello Group, LLC Announces Formation of Century Partners Fund, Inc.
Century Partners Fund, Inc. focused on the purchase of distressed,
charge-off,and in litigation receivable notes and mortgages.
Milwaukee, Wisconsin --January 28, 2005--
Frank Crivello, Managing Member, Crivello
Group, www.crivello.com , LLC ("CG")
announced today that its principals formed
Century Partners Fund, Inc.
("Century") and arranged its financing
to execute on its business plan. Century is
focused on the purchase of distressed,
charge-off, and in litigation receivable notes
and mortgages. Century has identified portfolio
assets within this space. Century will focus
upon this niche and pursue these opportunities.
CG Managing Member Frank P.
Crivello stated: "Our team has considerable
experience with distressed assets. We decided it
was the right time to form a business focused
solely on this space. We were pleased to provide
Century with financing. We have great faith in
Century's current management team and its
exciting business plan. In addition to this
financing, we will provide strategic consulting
services to Century."
About Phoenix Investors, LLC, www.phoenixinv.com:
Since 1994 PI has been
offering professional management and advisory
solutions to public and private companies,
trusts, and individual investors. Our management
endeavors to understand our clients' individual
needs, work with our client to assess specific
goals, and structure investments according to
our clients' specific risk/reward profile to
meet both the clients' short term and long term
needs. Our real estate management team
professionally manages our portfolio properties
through a combination of local and national
representation in order to effectively create a
"working-bridge" between owner and
tenant, building a cooperative mutually
beneficial working relationship. Our experts
assess and refine our client's portfolio's to
maximize our clients cash flow, equity
accumulation, and internal rate of return based
upon our clients' specific dynamic goals.
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Securities Litigation Act of 1995 - With the
exception of historical information, the matters
discussed in this press release are
forward-looking statements that involve a number
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from those statements. Factors that could cause
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are not limited to assumptions relating to the
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unanticipated material adverse change in PI's
operations or business.
Contact:
New-School Communications, LLC
Blois Olson, 651-221-1999
www.new-school.com
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©
2004 Phoenix Investors, LLC