SONA CAPITAL, INC AND COMMONWEALTH CAPITAL ADVISORS SIGN PRIMIER DISTRIBUTOR AGREEMENT
Released on = June 20, 2006, 11:53 am
Press Release Author = Commonwealth Capital Advisors & Sona Capital, Inc.
Industry = Small Business
Press Release Summary = SONA TO OFFER PATENT PENDING FINANCIAL ARCHITECT® SYSTEM TO ENTREPRENEURS AND PROFESSIONALS THROUGH LIGHTSTONE ADVISORS, LLC.
Press Release Body = CHICAGO, ILLINOIS June 20 - Sona Capital, Inc., a private equity firm (SCI) announced today that the company has signed a Premier Distributor Agreement with Commonwealth Capital Advisors (CCA) an investment banking advisory firm, to provide CCA's patent pending Financial Architect® System to entrepreneurs and professionals who want to maintain control of the funding process. Sona will service this agreement through its wholly owned subsidiary Lightstone Advisors, LLC, a business and capital advisory firm.
Commonwealth Capital Advisors has revolutionized the way entrepreneurs raise start-up and early stage capital in the United States through their Financial Architect® System. The Financial Architect® System is an alternative solution for raising capital. The System simply uses the techniques, strategies and tactics used by Wall Street stockbrokers. Most entrepreneurs seek equity capital from institutional sources, such as venture capital firms and investment banks. The main problem is that most venture capital firms and investment banks do not fund start-up and early stage companies
The Financial Architect® System is a system that includes: an E-book that contains the \"Fundamentals\" of raising capital using the Wall Street process that rarely change; sophisticated software program modules that enable one to run pro forma financial projections compliant to GAAP standards, create a marketable deal structure and produce the actual securities offering documents. CCA has become the advocate for the entrepreneur by specializing in assisting start-up and early stage companies raise seed, development, and expansion capital through the issuance of securities. The amounts can range from $100,000 to $20,000,000.
\"Only 1.5% of start-up and early stage companies are funded by venture capitalists or investment banks, leaving the rest to turn to commercial bank loans. A private placement or limited public securities offering is generally a more effective way for entrepreneurs or even established companies to raise needed capital. The Financial Architect® System\'s Expert Suite is a full turn-key system that provides accountants and attorneys with the tools necessary to assist their clients in producing these securities offering documents in a cost-effective manner,\" said Timothy Hogan, CEO of Commonwealth.
Professional service providers, such as accountants and attorneys who assist small businesses owners, can enhance and expand their practices with the Financial Architect® System Expert Suite, which contains the four most popular deal structures for capitalizing start-up and early stage companies. The system modules contain the required documentation for corporations, limited liability companies and partnerships to comply with federal and state(s\') securities laws, rules, and regulations.
"We are delighted to represent such an innovative and timely product line, said Dilpreet Jammu, CEO of Sona Capital, Inc. The CCA Financial Architect® System and Expert Suite is a tremendous offering that will greatly enhance our Lightstone Advisors Business Assessement and Initial Due Diligence products for small and mid-sized companies." " Sona will work passionately to bring these tools to the entrepreneurial and professional services community," Jammu stated.
The agreement allows Sona Capital through its wholly owned subsidiary Lightstone Advisors to provide a complimentary copy of the e-book to entrepreneurs worldwide entitled, "The Secrets of Wall Street - Raising Capital for Start-Up and Early Stage Companies". It is available for download now at: http://www.CommonwealthCapital.com/members/lightstone The hard cover edition will be in bookstores nationwide September 7th, 2006 published by Easton Studio Press. Commonwealth Capital Advisors, LLC is a company that specializes in assisting start-up and early stage companies with the capital raising process. The Financial Architect® System includes sophisticated software template programs that enable entrepreneurs and their professional advisors to conduct a private placement or limited public offering on their own, following a step-by-step process. For additional information visit their web site: www.CommonwealthCapital.com
Sona Capital, Inc. is a private equity firm focused on small and mid-sized company investments in the telecommunications, software, light manufacturing, media and healthcare industries with and enterprise value of between 2 million and 25 million. For additional information visit their web site: www.SonaCapital.com
Lightstone Advisors, LLC is an independent business and capital advisory firm focused on the capital requirements of small to mid-sized companies. Lightstone assesses the company and its management for problem areas prior to meeting with investors, allowing the company to enhance its strengths and fix any "red flags" thereby preparing the company with the best chance to gain the funding they require and attain their goals. Lightstone Advisors offers Business Assessment, Initial Due Diligence, Capital Advisory Services and Capital Development services to its customers. Lightstone Advisors, LLC is a wholly owned subsidiary of Sona Capital, Inc. For additional information visit their web site: www.LightstoneAdvisors.com
Web Site = http://www.CommonwealthCapital.com/members/lightstone
Contact Details = Charles David Dreher Executive Vice President Commonwealth Capital Advisors 1-312-540-1938 cdreher@CommonwealthCapital.com