SAN FRANCISCO, Nov. 23, 2015 /PRNewswire/ -- Paradigm Resource Management Corporation (OTCBB: PRDC), ("Paradigm Resource" or the "Company"), a diversified asset management company with focus in the commodities, real estate and technology sectors, announced today that it has filed to change its company name to Alternative Investment Corporation. Concurrently, the Company has filed for a change to its trading symbol. The decision to change its corporate name to Alternative Investment Corporation was made to better reflect the Company's emphasis on alternative investments, particularly in the fields of distressed debt and real estate.
"The new name underlines our vision to pursue unique alternative investment opportunities within the distressed debt and real estate sector", stated the Company's interim CEO Daniel Otazo. "As we continue making progress within this sector, in the coming weeks we plan to reveal a more complete view of our new brand and investment approach. In addition, we plan to actively move forward with new acquisition targets to be included in our portfolio."
Along with the name change the Company plans to emphasize its new corporate identity and branding initiatives to include a new logo and website - www.aico.capital.
These changes shall become effective upon final regulatory approval and all future business activity will be undertaken with the new name.
Paradigm Resource Management Corporation
Paradigm Resource Management Corporation is diversified an asset management company that is pursuing acquisition and investment opportunities in the commodities, distress and/or alternative real estate and technology sectors.
FORWARD LOOKING STATEMENTS
Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of products. Such forward-looking statements are based on present circumstances and on Alternative Investment Corporation predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, changes in metal prices, the ability to successfully fund any exploration activities, consumer and business consumption habits, the ability to fund operations and other factors over which Alternative Investment Corporation has little or no control. Such forward-looking statements are made only as of the date of this release, and Alternative Investment Corporation assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in Alternative Investment Corporation Form 10-Q for the quarter ending June 30th, 2015, and other documents filed from time to time by Alternative Investment Corporation with the Securities and Exchange Commission.
Daniel Otazo, CEO/CFO
SOURCE Paradigm Resource Management Corporation