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Frank Crivello, EVP, Phoenix Investors, LLC Announces Purchase
of Industrial Real Estate, Santa Clara, California
Ohio Investors of Wisconsin, LLC, Buys Industrial Properties Located in Santa Clara, California.
Milwaukee, Wisconsin --August 15, 2002-- Frank Crivello, Executive Vice President, Phoenix Investors, LLC ("Phoenix Investors"), www.phoenixinv.com, announced that Ohio Investors of Wisconsin, LLC, Phoenix Investor's affiliate, ("Ohio") purchased the industrial properties location on Thomas Road, Santa Clara, California.
Phoenix Investors Executive Vice President Frank Crivello stated: "SVPC Partners, LLC, Phoenix Investor's affiliate, acquired these properties in connection with its acquisition of the assets of SVPC Circuit Systems, Inc. by way of 363 of Bankruptcy Code on July 16, 2001. When SVPC Partners, LLC recently merged with Titan EMS, Inc., a wholly owned subsidiary of Ventures-National, Inc., www.titanemscom ("Titan"), Ohio agreed to purchase the properties and lease them to Titan."
Phoenix Investors was represented by Leonard G. Leverson of the firm of Kravit, Gass, & Weber, S.C., www.kravitlaw.com, in connection with the asset purchase.
About Phoenix Investors, LLC, www.phoenixinv.com:
Phoenix Investors provides Phoenix Investors with real estate management and advisory services. Since 1994 Phoenix Investors 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.
Safe Harbor Statement Under the Private 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 of risks and uncertainties. The actual future results of the Phoenix Investors could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to assumptions relating to the marine market and that there will be no unanticipated material adverse change in Phoenix Investor's operations or business.
Contact:
New-School Communications, LLC
Blois Olson, 651-221-1999
www.new-school.com
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