Envit Addresses Shareholder Concern About Rib World; Rib World is NOT Subject to the Irish Government Recall of Pork
December 09 2008 - 10:43AM
Business Wire
At this time The Envit Capital Group, Inc. (PINKSHEETS: ECGP),
would like to address an ongoing concern with our current
shareholders about Envit�s ownership in Rib World. Over the last 48
hours we have received many calls and emails from investors voicing
their concern about the recent news out of the Country of Ireland
pertaining to a warning that the Irish Government released over the
weekend asking consumers not to eat Irish pork products. Edward M.
Laborio, Chairman and CEO of The Envit Capital Group, Inc., stated
that �After brief deliberation in speaking with the Directors of
Rib World in conjunction with Rib World�s letter to the public by
its CEO on Sunday. We believe that the information provided to us
is more than sufficient for Envit�s management to feel completely
comfortable with its current position in Rib World. There will
always be set backs with any type of negative news that encompasses
a whole specific industry but after the problem subsides the
company that has limited themselves to the immediate exposure
usually will be positioned to attract market share from the
turmoil. That is exactly what we see Rib World doing over the next
12 months.� Important: Jim Nugent, a Veterinary Inspector for the
Department of Agriculture in Ireland, issued a letter to Rib World
today 12/09/2008 informing the company that their �Rib World Pork
Spare Ribs� is NOT subject to the Government recall of Pork.
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