SOURCE: Javalon Technology Group, Inc.

July 08, 2008 17:49 ET

Javalon Technology Group, Inc. Completes Merger With FV Technology Investments, Ltd. and Will Become WorldVest Equity, Inc.

Javalon Technology Corporation Will Continue as a Wholly Owned Subsidiary

LOS ANGELES, CA--(Marketwire - July 8, 2008) - Garrett K. Krause, CEO of Javalon Technology Group, Inc. (PINKSHEETS: JAVN), acquires FV Technology Investments, Ltd. leading to a new consolidated entity to be known as WorldVest Equity, Inc. "WorldVest". WorldVest will immediately apply for a name change with the NASD and expects a new trading symbol to be effective on or before July 31, 2008. Until this effective date the company's common stock will continue to trade as Javalon Technology Group, Inc. under its current symbol, JAVN. As the company amends its corporate name there will be no splits in the stock as each shareholder holding 1 share of JAVN will receive 1 share of the new WorldVest Equity, Inc.

The WorldVest objective is to become a leading global investor, developing a portfolio of strategic investments through acquiring controlling equity positions in high growth middle-market and selected early stage companies concentrated initially in North America and BRIC countries (Brazil, Russia, India and China). Through each acquisition the mission of WorldVest will be to create significant shareholder value by investing in highly opportunistic companies, which will create paradigm shifts in their respective markets and society as a whole.

WorldVest will immediately create a new private technology subsidiary, Javalon Technology Corporation ("Javalon"), which will assume all ongoing technology operations and will be positioned for rapid growth as it commercializes its current digital encryption technologies. This subsidiary will serve as a platform for strategic acquisitions of advanced information technology companies and position itself as a global technology company offering products to corporations, governments, and individuals.

As part of the acquisition, WorldVest Equity acquired 100% of the shares in FutureVest Management (Shenyang) Co. Ltd, which has an operating license in the People's Republic of China (PRC). This company, domiciled in the PRC, provides WorldVest a subsidiary licensed for immediate operation as a wholly foreign owned company conducting venture capital and direct investment business in mainland China. WorldVest has identified and is in the process of negotiating a Letter of Intent with its first Chinese based acquisition target.

For more information please refer to our website at www.WorldVestEquity.com or call (310) 451.7400.

This press release may contain forward-looking statements. Any statements that express or involve discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made to involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated.

Contact Information

  • Investor / Media Contacts
    Garrett K. Krause
    Tel. (310) 451.7400
    Fax (310) 919.3116
    Email Contact