ECGP Envit Capital Group Inc (CE)

Envit Capital Group, Inc., (PINKSHEETS: ECGP) is pleased to announce that its Board of Directors will authorized a series of private transactions to reduce the outstanding shares of the company by 30 Million. In the transactions that lead up to the Reverse Merger of The Envit Capital Group, Inc., and Fortel, Inc., the CEO and Chairman Edward M. Laborio had acquired 200,000 of the outstanding 300,000 convertible preferred shares, convertible at a 100:1 ratio, equating to 30,000,000 shares. These shares are due to convert into common shares shortly and the Board of Directors has made the decision to prevent any further dilution of the outstanding shares by returning all of the shares to its treasury. Envit Capital believes that the stock price does not reflect the growth of the Company and will continue to take measures to reduce the amount of the outstanding shares of the company. Envit Capital will continue these aggressive measures in order to reach the company's EPS goal in the next fiscal year. CEO & Chairman, Edward M. Laborio said, �The Board of Directors is currently evaluating the current outstanding share structure and is exploring the possibility of reducing additional outstanding Shares�. ABOUT The Envit Capital Group, Inc., (Envit Capital) is a development stage boutique investment banking, securities and investment management firm that will provide a range of services to a client base that will include business, institutions, and high-net-worth individuals. Its objective is to be active in all three of the following segments: Investment Banking, Trading and Principal Investments, and Asset Management and Securities Services. The Envit Capital Group, Inc., is headquartered in Boston, Massachusetts at 99 Summer Street; 17th Floor Boston, MA 02110 (617)-542-3333. Forward-looking Statements "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.