CARY, NC - (NewMediaWire) - October 14, 2021 - Small business Development Group, Inc.(OTC:SBDG) (www.SBDGStock.com) announced today thatthe Company has signed a Definitive Agreement to acquire a successful mergersand acquisition firm based in the Northeastern United States.
“This firm has hadmany years of success involving a wide variety of industries in theMid-Atlantic region and New York City. They are noted for their professional staff and the excellent duediligence they perform,” said Roy Y. Salisbury, Small Business DevelopmentGroup CEO and Chairman.
Mr. Salisbury explainsthat this begins the Company’s business model to establish offices throughoutthe U.S. to effectively deal with potential transactions in the various regionsof the country: “We are excited to acquire Stony Hill Advisors for what theyhave accomplished, what they continue to accomplish, and what we believe theycan do with the help of SBDG. We see theStony Hill Team as the base of what will become an M&A Advisory firm with anational footprint.”
The Founder and CEO ofStony Hill Advisors, Paul Visokey will continue with the company in an expandedrole to assist with the national expansion. “We are very excited to be moving forward together with Small BusinessDevelopment Group. I have spent aconsiderable amount of time meeting with both Roy Salisbury and Brian Jue, andI am very excited that Stony Hill Advisors will be an integral part of SBDG’sgrowth. When I started Stony Hill, it was about helping people with theirdreams and goals. Now we can do that on a much larger scale,” said Mr. Visokey.
“Small BusinessDevelopment Group works with the companies it acquires to establish soundbusiness practices, increasing their revenues and profitability. Our end goal is to spin them off as separate,successful publicly traded companies,” said Brian Jue, Chief Operating Officerand Director.
Mr. Jue explained thatthe acquisition of the M&A firm accomplishes two significant goals for SBDGand its shareholders: “One, theacquisition of Stony Hill Advisors provides SBDG with additional revenue as itsbusiness of advising on both buy and sell side transactions is profitable. Two, it provides deal flow for additionalacquisitions that SBDG may want for its own portfolio,” the Company’s COO said.“This acquisition can bring us more companies that are spinout candidates, andwill also become a spinout candidate itself. We believe that this is a great opportunity for everyone involved.”
AboutSBDG:
Small Business Development Group, Inc.(OTC: SBDG) is a holding company publicly traded on OTC Markets. SBDG has anactive mandate to identify and acquire operating companies with a preferencefor those in the small to medium sized enterprise arena (SMBs and SMEs) basedin North America, specifically those demonstrating modest but predictable growthand profitability over time. Ideal candidates for acquisition have anenterprise value between $2 million and $50 million with positive cash flowsbetween $500,000 and $5 million. SBDG's intent for all acquisitions is toaffirm or establish sound business fundamentals and to drive revenue andprofitability growth. The goal of SBDG is to develop and align portfoliocompanies into high performance industry verticals and deliver additional valuefor its stakeholders and SBDG investors.
About Stony Hill Advisors:
Stony Hill AdvisorsLLC is a merger and acquisition advisory firm that specializes in providingintermediary services for lower middle market companies and small businessentrepreneurs. They have assisted clients across a wide variety of industriesthroughout New Jersey, Pennsylvania, Delaware, Ohio, Connecticut and theNew York metro region. They offer various professional services includingmergers, acquisitions, divestitures, exit value planning, business valuations,and transaction consulting. Their role is that of a trusted advisor partneringwith their clients and the client’s other trusted advisors to provideconfidential, qualitative, and quantitative guidance and deliver results.
Visitwww.stonyhilladvisors.com to learn more.
InvestorRelations:
Paul Knopick
pknopick@eandecommunications.com
www.eandecommunications.com
940.262.3584
Safe Harbor
This press release contains certain forward-looking statementsbased on our current expectations, forecasts and assumptions that involve risksand uncertainties. This release does not constitute an offer to sell or asolicitation of offers to buy any securities of any entity. Forward-lookingstatements in this release are based on information available to us as of thedate hereof. Our actual results may differ materially from those stated orimplied in such forward-looking statements, due to risks and uncertaintiesassociated with our business.