MV Portfolios, Inc. (OTCQB: MVPI) ('MVP' or the 'Company'), a Jacksonville based intellectual property investment, development and licensing company, today announced that it has engaged Oxbridge Financial Group LLC for financial advisory services.
William Meadow, President and Founder of MVP, stated, "Oxbridge has a well established reputation with deep understanding of the value of intellectual property. We have engaged Frederick Gorsetman and his team to advise us in seeking the proper financing that will allow us to continue to enforce our existing intellectual property portfolio. Additionally, the Oxbridge team has a network of financial and legal experts who actively invest in intellectual property which we will look to leverage. We remain confident in our pending litigation against Google for online mapping and street level imaging and look forward to continuing to fulfill our legal obligations. Partnering with Oxbridge will allow MVP to facilitate the next stage of the Company's development and add value for our shareholders."
Frederick Gorsetman, a Managing Member of Oxbridge, commented, "We are pleased to begin working with Billy and his team on financing strategies going forward. We have conducted considerable due diligence and believe in the vision of the Company and underlying value of the intellectual property."
About Oxbridge Financial LLC: Oxbridge is a financial advisory firm focused on general corporate finance services, international trade financing solutions, and short term bridge and mezzanine finance for select technology firms amongst other industries. The Oxbridge team has extensive experience in identifying and working with optimal sources of debt and equity financing to promote the strategic interests of its clients. Oxbridge has a comprehensive understanding of the lending parameters and investment criteria of each of the institutions with which it deals. Based on these relationships, Oxbridge is able to advise its clients on the optimal capital sources relevant to their specific transaction and then prepare the required information in the appropriate format.
About MV Portfolios, Inc.: MV Portfolios, Inc. is a patent investment, development and licensing company designed to assist universities and inventors with their mobile applications and smartphone technology IP. MVP holds a series of patents related to street level imaging and location based services. The company has extensive knowledge, resources and experience in creating strategic distribution channels to reap the hidden value of university innovations. For more information please visit www.mvportfolios.com.
Safe Harbor Statement: This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words or expressions such as "anticipate," "plan," "will," "intend," "believe" or "expect'" or variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including, without limitation, statements made with respect to expectations with respect to our lack of profitable operating history, changes in our business, potential need for additional capital, fluctuations in demand; changes to economic growth in the U.S. economy; and government policies and regulations, including, but not limited to those affecting the Internet, all as set forth in our Annual Report on Form 10-K and most recent Form 10-Q. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are generally outside the control of MV Portfolios, Inc. and are difficult to predict. MV Portfolios, Inc. undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.