During 1998 and 1999 Wall Street experienced a record number of IPO’s or Initial Public Offerings. Statistics suggest that more than one thousand companies went public through this traditional path during that two-year boom. Conversely in 2002, there were less than ten major IPO’s. With a 95% drop in opportunities to “go public” via traditional sources, many enterprising CEO’s opted to merge with an existing public company.

The process is typically referred to as a "reverse merger" into a publicly traded "shell". Harrison Elliott & Brown has a constant, albeit ever-changing, inventory of public shells available for qualified candidates seeking access to the public arena

HE&B will assist your company with the entire process of going public through a "shell merger". Our organization has the ability to identify a trading and reporting shell, perform the necessary due diligence, make recommendations for an SEC qualified attorney and auditor, assist with the share structure, obtain additional market makers, negotiate terms and close the transaction.

The benefits of a reverse merger into a publicly traded shell are as follows:
1. Speed – The time frame to become public is substantially condensed
2. Price – The cost of a reverse merger is much lower than an underwriting.
3. SEC - Approval process from the SEC and NASD is less complicated.
4. OTC:BB – Companies can commence trading on the OTC Bulletin Board.
5. Capital – Public firms are more likely to attract capital from investors.

For information or assistance contact Henry Harrison at (407) 862-5151 or email at
hharrison@insidewallstreet.com