STAFFORD, Texas, Aug. 5, 2004 (PRIMEZONE) -- Systems Evolution Inc. (OTCBB:SEVI), an information technology services company, announces that it has retained H.C. Wainwright & Co., Inc. to assist the Company in raising near-term operating and expansion capital and to provide other financial services.
H.C. Wainwright is a national investment banking firm based in New York City. Over 100 years old, they are a leading investment banking firm specializing in establishing long-term banking relationships with high-growth micro and small market capitalization companies.
According to Robert C. Rhodes, Chief Executive Officer of Systems Evolution, "Signing this agreement with such a high quality investment banking firm is a significant milestone for Systems Evolution. They are a first-rate firm with creative people. We are eager to work with them in raising capital and examining M&A opportunities. This relationship should allow us the ability to aggressively pursue our acquisition strategy, close significant new business and create long-term shareholder value."
About Systems Evolution Inc.
Systems Evolution Inc., www.systemsevolution.com, founded in 1993, is an information technology services company, focused on delivering outstanding value in the IT outsourcing and consultancy industry. The Company has been successful over the last decade adapting and implementing new technologies as they emerge, with a commitment to long-term customer and partner relationships. SEVI focuses on providing value to its clients by helping them maintain, integrate, and extend their legacy systems, and plan for the future with strategic application development.
About H.C. Wainwright & Co., Inc.
Founded in 1868, H.C. Wainwright is one of the oldest, private, independent investment banking firms in the United States. Based in New York, H.C. Wainwright specializes in a variety of investment banking activities, including public and private equity offerings, mergers and acquisitions, strategic advice, valuations and fairness opinions. For further information on H.C. Wainwright & Co., Inc. please visit http://www.hcwainwright.com/.
Safe Harbor Statement
The statements in this release relating to future product availability and positive direction are forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Some or all of the aspects anticipated by these forward-looking statements may not, in fact, occur. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties, the future market price of SEVI common stock and the Company's ability to obtain necessary future financing.