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Swiss Hawk AG Disposes of Interests in the League Publishing Inc and MobiClear Inc
ZUG , Switzerland, September 13 /PRNewswire/ -- Swiss Hawk has sold its option to acquire 2.5 million shares in The
League Publishing Inc (formerly Latin Television Inc) trading symbol TLGP on
the OTC Pink Sheets. The League Publishing Inc changed its core strategy by
going into sports publishing and disposing of its TV broadcasting assets and
therefore was no longer within the Company's targeted market segments for
investment. Swiss Hawk has also sold its minor shareholding in MobiClear Inc
(quoted on NASDAQ OTC bulletin board).
With these disposals, the Company shows a booked profit with the net cash
proceeds for the two transactions being EUR 550,000. The management is very
pleased to have achieved a successful exit from these two portfolio holdings
in the current year.
About Swiss Hawk AG
Swiss Hawk is a niche investment banking organisation that trades in high
growth alternative asset class investments. The Company pursues an aggressive
investment policy focusing on late stage pre-IPO and IPO transactions with
high growth potential and planned exit in the short to medium term. Swiss
Hawk focuses on the following business sectors: Digital Media &
Entertainment, Information Technology, Real Estate Investment Management &
Finance, and Renewable Energy & Environmental Technology. Swiss Hawk is
listed on the Frankfurt Stock Exchange Open Market.
For further information, please contact:
Mrs Pranee Schneider
Tel: +41-41-511-01-98
E-Mail: contact@swisshawk.com
Internet: http://www.swisshawk.com
