Business & Finance
Business and Finance
Business and Finance
Thu, March 19, 2009
Wed, March 18, 2009
Tue, March 17, 2009 Millennium India Acquisition Company Inc.: Millennium India Acquisition Co. Announces Initial Research Report Released by Grana
NEW YORK, NY--(Marketwire - March 17, 2009) - Millennium India Acquisition Company, Inc. (
David Clark, President of Granada Research, commented: "We are excited about the growth opportunities that exist in India's banking industry. With minimal exposure to subprime debt and toxic assets, we believe India's financial sector is well-positioned to expand and capitalize on India's growing population and domestic consumption."
About Millennium India Acquisition Co.
Millennium India Acquisition Company, Inc. (the "Company") is a closed-end investment fund, whose whole principal asset is shareholding in "SMC Group," one of the largest and fastest growing retail financial services companies in India, headquartered in New Delhi, with over 1,250 locations and 450,000 customers across India. SMC Group, one of the most respected financial firms in India, has businesses in equities and commodities brokerage, derivatives, international commodities, online trading, arbitrage, investment banking, investment advisory and research, depository and clearing services, distribution of mutual funds, IPOs and insurance products.
Millennium India Acquisition Company was the best performing closed-end fund for the February 2009 period (Jan 30 - Feb 27), ending the month up 26.92%. The company was recently featured on thestreet.com, the entire article can be found at[ www.thestreet.com/_yahoo/story/10467930/1/municipals-lead-closed-end-fund-market.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA ].
About Granada Research
Granada Research initiates and conducts independent and issuer-paid research coverage for small-cap and mid-cap companies. Granada creates and distributes extensive reports highlighting a company's competitive advantage, growth potential, management profile, competitive landscape, market presence, risks, capital structure, financial statements etc. The reports are disseminated through selective distribution channels to institutional and retail investment partners in order to facilitate their ability to make informed investment decisions.
To receive additional reports from Granada Research or updates on this report, please visit [ www.granadacapital.com/freeresearchreports/ ]
To view additional reports please visit[ http://www.granadacapital.com/researchreports.html ]
Forward-Looking Safe Harbor Statement
Statements in this news release regarding future financial and operating results, potential applications of the Company's technology, opportunities for the Company, and any other statements about the future expectations, beliefs, goals, plans, or prospects expressed constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "will," "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements including, limited operating history, need for future capital, and economic conditions generally. Additional information on potential factors that could affect results and other risks and uncertainties are detailed from time to time in the Company's periodic reports, including forms filed with the SEC. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties. Granada Research assumes no obligation to update any of the forward-looking statements in this release. Granada Research has been compensated by the Company in cash of eight thousand U.S. dollars for creating, updating and disseminating this report.
