SOURCE: Morris Business Development Company

April 04, 2012 14:53 ET

Morris Business Development Company, Inc. Announces New Board of Directors in Support of New Government Programs

NEWPORT BEACH, CA--(Marketwire - Apr 4, 2012) - Morris Business Development, Inc. (OTCBB: MBDE) announces New Board of Directors in Support of New Government Program, "Jumpstart Our Business Start-ups Act." MBDE helps its client companies create and maintain investor liquidity starting with either private or public stock.

The new Board of Directors members have extensive experience in Mergers and Acquisitions and creative financing of same. Emphasis is on finding and acquiring positions in newer promising companies or thinly traded public companies that can be improved quickly with funding. MBDE's affiliated licensed investment banker is ready to network with investment community support.

According to George Morris, PhD., Company Chairman: "We are ready to work hard with a new Board of Directors in charge and to take advantage of the new Government incentive for business. Original Congressional intention for a BDC was to help American business get the capital and managerial support they need to succeed. Now our company can finally move forward."

"Crowd Funding" and "Regulation A" improvements, which are nearly completed by Congress and President Obama, are expected to stimulate the amount of available investment capital for debt and equity financing.

The most sought after companies are scalable acquisitions with great management, especially in areas like green, health, veterans, seniors, real estate, internet and business development support. These areas are also good for employment in America and should help as in a Company affiliated 501C3 Non-profit, named ""

In addition, the Company has eliminated all Company debt at the end of last quarter by converting the remaining notes to equity shares along with the Chairman's investment.

MBDE suggests that potential investors who are interested in current information about the Company to consider only information issued directly by the Company in filings with the SEC, and press releases published by the Company. We also recommend that all potential shareholders refer to the Company website at:


The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Contact Information

  • Media & Investor Relations Contact:

    Jann Williams
    Morris Business Development Company
    Cell: 949-444-9090
    Fax: 866-745-2039