LOS ANGELES, Feb. 8, 2011 (GLOBE NEWSWIRE) -- The Equities Group, Inc. ("EQUITIES") announced today that it has completed its acquisition of NewsBase360.com. The web property and all related assets were acquired for a combination of cash and stock from its founder Michael Elliott. Michael will join the EQUITIES team as Chief Technology Officer.
Ronald Russo, Jr., EQUITIES CEO and Social Equity Officer, stated, "Mike and I have been business associates and personal friends for more than eight years. I welcome him aboard and look forward to his oversight on our web development as well as his influence on our entire business model."
The Global Online Investment Community. . .The Equities Group is a global financial-media network that owns and operates its branded specialty divisions and manages its strategic network partnerships. EQUITIES is expanding its interlinking portfolio of media properties to create a social network to bridge global financial markets and their corresponding investment communities. Collectively, EQUITIES provides a unique array of news and data on the world's capital markets and economies.
The EQUITIES team provides interactive advertising, digital IR/PR, journalism, market intelligence, media/marketing, news dissemination, research, video production and ancillary specialty communications services to publicly traded companies worldwide.
Disclaimer/Disclosure: Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). The Equities Group, Inc. cautions that statements made in this news release relating to the change of control and new business direction constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. The Equities Group, Inc. undertakes no obligation to revise these statements following the date of this news release.
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CONTACT: The Equities Editor's Desk Brittney Barrett, Editor +1 310 256 3596 brittney@equities.com
