PANAMA CITY BEACH, Fla.,
Oct. 2, 2013 /PRNewswire/ -- Today,
Leone Asset Management, Inc., (Pink Sheets: SLOU) announced it has
signed an MOU to acquire the equity and managerial control of The
Guinea Investment Bank (GIB).
Leone Asset intends to complete all final due diligence and
complete the acquisition within 60 days. At the time of
completion, the company intends to change the name of GIB to JP
Anderson to continue the branding and the expansion of Leone
Asset's subsidiary JP Anderson throughout West Africa.
"Currently, GIB is the only company to own an investment banking
license in the Republic of Guinea." stated Leone Asset President,
Tony Khodadad. The country has
roughly 12 million people and is experiencing a tremendous amount
of internal growth as well as attracting interest from foreign
corporations and investors, and the need for an Investment Bank is
key to the overall development of the country and its
industries. The build out of the newly licensed entity will
be a key component to our expansion of JP Anderson offices
throughout West Africa."
About Leone Asset Management
Leone Asset Management, Inc., is a U.S. corporation
headquartered in Panama City Beach,
FL. Sierra Leone subsidiary, Leone Asset Management,
Ltd., operates as a Government contractor as well as owning and
operating a group of diversified subsidiaries that provide
financial advice on individual wealth management, mergers,
acquisitions, restructurings, financing, real estate and
development, and capital raises to a global client base including
individuals, corporations, partnerships, institutions and
governments. For additional information, visit:
www.leoneasset.com
SOURCE Leone Asset Management, Inc.