PANAMA CITY BEACH, Fla.,
July 18, 2013 /PRNewswire/
-- Today, JP Anderson Limited, Subsidiary to Sloud, Inc.,
(Pink Sheets: SLOU) announced it has formed a new Private Equity
Fund, "The Sierra Leone Development Fund I, LP".
JP Anderson will begin raising capital for the Private Equity
Fund as a vehicle to promote economic development in the Country of
Sierra Leone in West Africa.
JP Anderson is looking to raise and invest $100 million in small-to medium-sized businesses
and government related agency projects. The fund will seek
minority stakes of $5 million to $10
million in companies that have current or projected earnings
over $2 million annually. The fund is
not targeting specific industry sectors but is aggressively looking
to work with the Government on various agency related projects that
can greatly stimulate the country's growth and development.
The creation of the Sierra Leone Development Fund I, LP came as
a result of JP Anderson's involvement with businesses and various
philanthropic initiatives. While seven out of the top ten fastest
growing economies in the World are in Africa, the country of Sierra Leone is being overlooked as a true top
emerging market due to its past history of civil unrest. On
our own personal account, we have seen amazing improvements in
roads and infrastructure over the past three years and are
experiencing a great deal of increased interest from businesses and
investors desiring to enter the marketplace. It is our full
intent to assist the government and corporations with various
projects that will bring a great deal of financial sustainability,
job creation, reoccurring revenue models and overall country growth
to stimulate tourism and build on the reputation as a safe and
productive country to visit, live and do business.
JP Anderson says it is looking worldwide for participants. The
fund currently has several commitments from both U.S. families and
Sierra Leone families as initial
investors.
JP Anderson says its primary objective as a company and fund
manager is to embrace capitalism, improve economic freedom and
create jobs and wealth for the people living in Sierra Leone.
James Price, CEO of JP Anderson and
the co-manager of the fund stated, "JP Anderson will not just be a
bank to the projects and/or companies. We will utilize all of our
skill sets and contacts to draft, organize and influence the path
for each project." Mr. Price continued saying, "I expect to
close several deals/project financings in Sierra Leone by the end of this year. "
About Sloud
Sloud, Inc., is a U.S. corporation with offices in
Panama City Beach, FL., and
San Diego, CA. Sierra Leone subsidiary, Leone Asset
Management 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
About JP Anderson
Headquartered in Freetown Sierra
Leone, JP Anderson (SL), Ltd., intends to be the Worlds
premier boutique investment banking, securities and investment
management firm focused on providing financial advice on individual
wealth management, mergers, acquisitions, restructurings, financing
and capital raises to a global client base including individuals,
corporations, partnerships, institutions and governments.
Currently, JP Anderson has office locations in Sierra Leone, Norway and Sri
Lanka.
Forward-Looking Statements Disclosure
This press release may contain "forward-looking statements" within
the meaning of the federal securities laws. In this context,
forward-looking statements may address the Company's expected
future business and financial performance, and often contain words
such as "anticipates," "believes," "estimates," "expects,"
"intends," "plans," "seeks," "will," and other terms with similar
meaning. These forward-looking statements by their nature address
matters that are, to different degrees, uncertain. Although the
Company believes that the assumptions upon which its
forward-looking statements are based are reasonable, it can provide
no assurances that these assumptions will prove to be correct. All
forward-looking statements in this press release are expressly
qualified by such cautionary statements, risks, and uncertainties,
and by reference to the underlying assumptions.
SOURCE Sloud, Inc.