FAIRFAX, Va., Sept. 27, 2011 /PRNewswire/ -- Innolog Holdings Corp. (OTCBB: INHC) today announced that the Company has engaged DME Securities, LLC, a New York Stock Exchange firm to help advise the Company on potential acquisitions.
DME Securities, LLC, a FINRA registered Broker/Dealer is based in New York City and advises small to mid-size market cap companies on business and acquisition matters. As part of the engagement, DME will advise the Company on potential acquisitions and provide potential funding for those acquisitions.
William Danielczyk, Executive Chairman of Innolog Holdings stated, "We are pleased to establish this relationship with DME Securities, LLC. They are a reputable firm who can provide the assistance we need to grow Innolog through acquisitions. This is a key component of our long-term strategic plan. We feel with the right partner in place, like DME, we can be aggressive in finding strong and strategic partners to join Innolog."
David Elias, President of DME Securities, LLC added, "We are excited to work with William and his team at Innolog Holdings in pursuing potential acquisition targets and to continue to grow the company. We feel that this will become a long standing relationship that will be profitable for both parties and we look forward to facilitating many transactions in the future."
About DME Securities, LLC
DME Securities is a member firm of the NYSE, FINRA and a licensed broker-dealer. DME provides publicly trading companies with a full suite of investment banking services, including capital raises and mergers and acquisitions. DME Securities operates a full trading and brokerage operation on the floor of the New York Stock Exchange. Clients include some of the largest hedge funds, investment banks, pension and retirement funds and brokerage firms in the world.
Innolog Holdings Corporation was formed in March 2009 as a holding company for the purpose of acquiring businesses that provide services primarily to federal government entities. Our primary subsidiary, Innovative Logistics Techniques, Inc. (www.innolog.com), was founded in 1989 to help the Department of Defense address complex logistics business problems. The company is a federal government contractor that brings world-class solutions and leading edge process oriented thinking to the U.S. military, civilian agencies and state and local governments to provide solutions to complex logistics problems.
Innolog is an International Organization for Standardization (ISO) 9001:2008 certified Small Business focused on providing the best possible solutions to its customers through the use of highly qualified experts, sound business practices and customized management tools. Employing professional and technical personnel in support of numerous government entities, Innolog has grown from a staff of eight with a $250,000 contract to its current level of $6 million in annual revenues.
Additional information is available at www.innologholdings.com.
Statements in this press release that are not statements of historical or current fact, such as the expectation of future revenue growth and profitability, constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause Innolog's actual results to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Factors that could cause Innolog's results to be materially different from the forward-looking statements include whether Innolog will be able to find financing when and as it needs it and whether Innolog's revenues will eventually exceed its expenses. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in Innolog's reports filed with the Securities and Exchange Commission, which are available for review at http://www.sec.gov/.
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SOURCE Innolog Holdings Corp.