SOURCE: Sebastian River Holdings, Inc.
TORRANCE, CA--(Marketwire - Jun 20, 2012) - Sebastian River Holdings, Inc. (PINKSHEETS: SBRH) is pleased to announce today that it has entered into a material agreement for the acquisition of a high-interest bearing debenture portfolio.
The closing of the transaction was subject to customary terms and conditions including the parties entering into a definitive share purchase agreement in the equity of the portfolio's holding company and the completion of due diligence. In connection with the closing of the transaction, Sebastian River proudly adds over $300,000.00 (USD) in well diversified, high yielding convertible debenture investments to the Corporate Equity Speculation & Financing Division.
Sebastian River's Board of Directors approved a final agreement late June 19th, 2012 and was executed by management June 20th, 2012; the Board commented on the agreement saying, "We are happy to add this new investment to our portfolio and are very excited about the rapid growth potential of the new United States operations."
About Sebastian River Holdings, Inc.
Sebastian River Holdings, Inc. (a C-Corp formed under the Laws and Jurisdiction of Florida) founded in 1995 is a well-diversified holding company with a scope and experience level unsurpassed by peer companies. Operating under three major divisions: Corporate Equity Speculation & Financing, Business Incubation, and Business Services, Sebastian River Holdings is a business development centric holding company.
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This Press Release contains 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. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.