Vanguard Management Corp Signs Strategic Business Development Agreement With Genesis Venture Fund India I, LP

Jun 17, 2010, 07:00 ET from Vanguard Management Corp

SAN DIEGO, June 17 /PRNewswire/ -- Vanguard Management Corp (a business unit of Vanguard Minerals Corp) (OTC Bulletin Board: VNGM) announced that the company has entered into a Strategic Business Development Agreement with Genesis Venture Fund India I, LP, a private venture capital fund that makes investments in emerging growth companies in India. 

Under the terms of the Agreement, Vanguard Management Corp will provide ongoing business development and strategic management consulting services to Genesis portfolio companies and assist with opening new markets for portfolio company services in India and Sri Lanka.  Under the deal, Vanguard agrees to provide the above consulting services for a term of 24 months.  Genesis will be issued 125,000 common shares of Vanguard as part of the transaction in exchange for 15% of the limited partnership interests in Genesis that will be issued to Vanguard.  Genesis will also pay Vanguard up to $250,000 in cash milestone payments based on the performance of consulting services by Vanguard for Genesis under the Agreement.

Jim Price, CEO of Vanguard Management Corp, is currently the owner of 20% of the limited partnership interests in Genesis and also serves as its managing director.  Jim Price stated: "Genesis has been actively developing relationships with emerging growth companies in India since 2005.  As I have worked with Genesis, I have seen the potential synergies that the Vanguard team could bring to the Genesis portfolio companies.  This Strategic partnership will significantly augment the management resources Genesis can provide to its portfolio companies and will also expand Vanguard's core strategic consulting business into India, a country where macroeconomic growth prospects remain exciting."

About Vanguard Management Corp

Vanguard Management Corp is a business unit of Vanguard Minerals Corporation. Vanguard seeks to be a leading management consulting and business development firm with core competency in emerging growth companies. Vanguard intends to provide a full range of essential support and organizational services to private and public companies. Vanguard is headquartered in San Diego, California. For additional information, please visit

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Jim Price, CEO

Vanguard Management Corp

619 481 3450

SOURCE Vanguard Management Corp