Business & Finance
Business and Finance
Business and Finance
Mon, June 28, 2010 Nicaragua Rising, Inc. Engages Laidlaw to Seek Strategic Partner
TAMPA, FL--(Marketwire - June 28, 2010) - Nicaragua Rising, Inc. (
The Company recently retained Laidlaw to provide financial advisory and investment banking services and to provide advice on strategic transactions. "We have the highest confidence in Laidlaw. Their history in the banking world coupled with our products and intellectual property should ensure a good fit with the substantial opportunity existing in the authentication and data security industry," stated Gerry Euston, CEO of Nicaragua Rising, Inc. and Ceelox, Inc. The engagement of Laidlaw is consistent with the Company's strategic growth strategy.
Ceelox was founded on September 17, 2003 and is headquartered in Tampa, Florida. The company was formed for the purpose of developing and marketing advanced fingerprint biometric technology and encryption software solutions. Their biometric identification and encryption software solutions provide innovative and new ways for customers to securely access, store, send and receive confidential information. The use of biometrics enables enterprise and consumer users to login to different systems and applications using secure credentials based on their unique characteristics, while blocking unauthorized users. The company's products meet the needs of companies that require strong data, systems and applications security including financial institutions, healthcare providers, insurance companies, government agencies, utilities and any business where security and identification are key concerns.
Executive Vice President and Head of Investment Banking for Laidlaw, Theodore V. Fowler commented, "The Ceelox biometric product set is an excellent fit for companies needing data, network access or on-line infrastructure security. We are pursuing multiple opportunities along these lines and believe that completing a transaction would complement the Ceelox technology as well as augment access to its addressable target market."
About Laidlaw & Company (UK) Ltd.:
Laidlaw & Company (UK) Ltd. is a full-service investment banking and securities brokerage firm with offices in New York, London and select additional locations. Its brokerage arm provides wealth management advice for domestic and international high-net-worth and institutional clients. Its investment banking arm provides capital raising, M&A, restructuring and other financial advisory services for public and private small cap and middle market clients across a broad cross-section of industry sectors. Laidlaw is authorized by the FSA in the United Kingdom and regulated by FINRA in the United States.
About Nicaragua Rising, Inc.
Nicaragua Rising, Inc., through its majority-owned operating subsidiary, Ceelox, Inc., is a developer of biometric security and encryption software solutions for financial institutions, healthcare companies, utilities, government agencies and other organizations for whom information access are key concerns. Its security and encryption tools are easy to deploy, simple to use, cost-effective and affordable for organizations of all sizes.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factor disclosure outlined in our Form 8-K filed with the Securities and Exchange Commission on February 12, 2010 and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
For more information visit our website at [ www.ceelox.com ]
