Knight's Bridge Capital Corporation

Knight's Bridge Capital Corporation

September 25, 2007 10:05 ET

Knight's Bridge Capital Corporation Leads Acquisition of LIMOS.com

TORONTO, ONTARIO--(Marketwire - Sept. 25, 2007) - Knight's Bridge Capital Corporation, ("Knight's Bridge") today announced that is has completed several significant investment opportunities in leading-edge US based internet companies. (All currency statements are in US dollars).

LIMOS.com

On September 21, 2007, an investor syndicate, led by Knight's Bridge completed its acquisition of the assets and operations of LIMOS.com (www.limos.com), a private company with an established reputation as the leading service provider of Internet initiated sales leads for licensed limousine operators. LIMOS.com was acquired for a total consideration of $ 4.3 MM, which was funded by $ 2.3 MM from strategic investors and $ 2 MM from a third party Lender arranged by Knight's Bridge. An additional $ 0.2 MM was contributed by the syndicate for working capital purposes.

Kenny Finkelstein, Chief Executive Officer of Knight's Bridge Capital Corporation stated, " This strategic investment is very exciting because LIMOS.com has a very scaleable and cost - effective platform and back office operating system that can easily be adopted and utilized across a diverse spectrum within any sales lead generation environment. This mature optimization platform has the power to generate over the Internet, customized and qualified sales leads for any business to consumer or business to business service or product. LIMOS.com is a very profitable business today and we will be leveraging its inherent platform efficiencies across several industries and niche segments"

BuddyMedia.com and MyTrade.com

Buddy Media, Inc. (www.buddymedia.com) is a specialist in creating and delivering relevant user applications for internet-based social and community aggregation platforms, including Facebook, and MySpace, as those providers quickly emerge as a new global media. Buddy Media has just launched seven new user applications for Facebook alone, which created 300,000 new incremental Facebook users in the first days of release.

Additional investors in the round include Peter Thiel (PayPal founder, Clarium Capital and Facebook angel fame), Mark Pinkus (multiple startups, including Facebook angel) and James Altucher (TheStreet.com). The monies will be focused on the fastest growing Facebook application in the portfolio - AceBucks. The company will expand the AceBucks application and make it the primary virtual currency for Facebook members.

MyTrade.com, Inc. (www.mytrade.com) is a customized interface for stock market investors and traders that aggregates their investment data and provides insight and logic from profiled members who are interested in or are closely following a particular public company's stock.

Kenny Finkelstein, CEO of Knight's Bridge stated, "We see our investments in Buddy Media and MyTrade as a great ground floor opportunity to be involved in a partnership with some of the most entrepreneurial and progressive leaders in this space today. We are focusing on innovative companies that are creating a foothold in the huge social networking universe that exists on the Internet today".

Knight's Bridge Capital Corporation is a strategic investor offering debt and private equity funds to businesses. It's core competency is management. Knight's Bridge not only supplies businesses with much needed capital but also partners with them to ensure the successful execution of a well thought out business strategy.

Contact Information

  • Knight's Bridge Capital Corporation
    Kenny Finkelstein
    CEO
    (416) 866-3133