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American Vantage Companies Selects Network 1 Financial Securities, Inc. for Investment Banking Services
LAS VEGAS & NEW YORK-(Business Wire)-August 11, 2008 - American Vantage Companies (Pink Sheets:AVCS) today announced the engagement of Network 1 Financial Securities, Inc. to provide investment services and other capital building activities. Network 1 Financial Securities, Inc. is headquartered in Red Bank, New Jersey and is an independent full-service securities firm.
"We look forward to working with American Vantage Companies in growing its East Coast recruitment and temporary placement business, as well as assisting the company in developing its West Coast casino and hospitality projects," commented Damon Testaverde, Managing Director for Network 1 Financial Securities, Inc.
American Vantage Companies (the "Company") is pursuing potential strategic acquisition and development strategies, which are in various stages of discussion, in industries that include executive recruiting and/or temporary placement, Tribal and non-Tribal casino gaming, restaurant and lifestyle. However, no assurance can be given that the Company will successfully acquire other businesses or, if acquired, that such businesses will prove to be profitable.
The Company's web site is located at www.americanvantage.com. To request information via e-mail, write to: info@americanvantage.com.
Certain statements in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may be identified by words such as "anticipates," "believes," "can," "continue," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "should," or "will" or the negative of these terms or other comparable terminology. Such statements and all phases of American Vantage Companies' operations are subject to known and unknown risks, uncertainties and other factors, including overall economic conditions and other factors and uncertainties as are identified in American Vantage Companies' Form 10-KSB for the year ended December 31, 2005 as well as the company's filings under the Investment Company Act of 1940. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. American Vantage Companies' actual results, levels of activity, performance or achievements may be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. The Company undertakes no obligation to update the forward-looking statements in this press release.
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