FOR IMMEDIATE RELEASE
CARY, NC, February 7, 2021 (OTC MARKETS) --via OTC Markets-- Small Business Development Group, Inc. (OTC:SBDG) (www.SBDGStock.com) today announced that its in-house mergers and acquisition firm, Stony Hill Advisors, recently worked to establish a definitive agreement for a private company in the staffing industry to be acquired by a publicly traded NASDAQ firm also providing staffing services.
“The transaction is expected to close in the first quarter of 2022,” said Roy Y. Salisbury, Small Business Development Group CEO and Chairman. “This is an excellent example of the skill and tenacity of Stony Hill Advisors. We are working to expand Stony Hill Advisors’ presence throughout the United States.” www.stonyhilladvisors.com
“We are very excited about our 2022 prospects, and this is a great transaction to start the year with,” stated Paul Visokey, Founder and CEO of Stony Hill Advisors.
Stony Hill Advisors is a 12-year-old merger and acquisition advisory firm specializing in providing services to middle market companies and business entrepreneurs. It has assisted clients across a wide variety of industries in New Jersey, Pennsylvania, Delaware, Ohio, Connecticut, and New York. Its professional services include mergers, acquisitions, divestitures, exit value planning, business valuations and transaction consulting.
“Stony Hill Advisors is well regarded in providing clients with confidential qualitative and quantitative guidance and for its ability to deliver results,” said Brian Jue, SBDG Chief Operating Officer and a member of its Board. “We look forward to hearing from firms anywhere in America needing this kind of valued guidance, and we look forward to Stony Hill Advisors providing access to Small Business Development Group about possible acquisitions.”
“Our goal,” Mr. Salisbury emphasized, “is to drive revenue and increase asset appreciation for our investors.”
Small Business Development Group, Inc. (OTC: SBDG) is a holding company publicly traded on OTC Markets. SBDG has an active mandate to identify and acquire operating companies with a preference for those in the small to medium sized enterprise arena (SMBs and SMEs) based in North America, specifically those demonstrating modest but predictable growth and profitability over time. Ideal candidates for acquisition have an enterprise value between $2 million and $50 million with positive cash flows between $500 thousand and $5 million. SBDG's intent for all acquisitions is to affirm or establish sound business fundamentals and to drive revenue and profitability growth. The goal of SBDG is to develop and align portfolio companies into high performance industry verticals and deliver additional value for its stakeholders.
For more information, visit www.SBDGStock.com
About Stony Hill Advisors:
Stony Hill Advisors LLC is a merger and acquisition advisory firm that specializes in providing intermediary services for lower middle market companies and small business entrepreneurs. They have assisted clients across a wide variety of industries throughout New Jersey, Pennsylvania, Delaware, Ohio, Connecticut and the New York metro region. They offer various professional services including mergers, acquisitions, divestitures, exit value planning, business valuations, and transaction consulting. Their role is that of a trusted advisor partnering with their clients and the client’s other trusted advisors to provide confidential, qualitative, and quantitative guidance and deliver results.
For more information, visit www.stonyhilladvisors.com
Note to Investors
This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business.
Contact: Paul Knopick