StarInvest Group, Inc. announced today that it has signed a Letter of Intent to acquire all the outstanding shares of common stock of Todd & Company, Inc., a FINRA SPIC Broker Dealer established in 1979 and located in New Jersey.
According to the press release, StarInvest will acquire the shares for $100,000 convertible note maturing in 13 months, immediately convertible at $.03 per share into restricted common stock of the company. StarInvest will also grant 5 year warrants immediately exercisable at $.10 per share for an aggregate of 1,000,000 restricted shares of common stock of the company.
Robert H. Cole commented, “Todd will compliment StarInvest initiative to become a full service financial company focused on the small cap, OTC BB market. In addition, EXX will utilize Todd’s infrastructure to roll out their services, offering clients complete privacy and increasing the level of service and products demanded by its customers.”
James Dovico of EXX.COM added, “A broker-dealer is exactly what we have been looking for to complete our package of services and retain revenues in our company for growth.”