WP annouces an affiliation and working relationship with George D. Haralampoudis

Posted on February 8, 2012

New York City, New York-February 7th, 2012

Wellfleet Partners, Inc., announces an affiliation and working relationship with George D. Haralampoudis, a new Managing Director/Investment Banking at Bradley Woods & Co. Ltd., a 42-year-old, full service, independent securities and brokerage firm. “We are pleased to join our efforts with that of George Haralampoudis, a long time friend and associate in the investment banking area. It was our great pleasure to introduce him to Dan Ripp, Chairman and CEO of Bradley Woods and we could not be happier in working with him going forward.  While he has extensive experiences in numerous areas in corporate finance, in particular we expect to seek his sage advise and partnership in areas including maritime, minerals and mining, healthcare, real estate, hospitality, technology and foreign and international investments as well as others.  We are working closely with Dan and George to create a dream team of financial service professionals,” stated Mark I. Lev, Chairman & CEO.

About Bradley Woods & Co. Ltd.

Bradley Woods & Co. Ltd. based in New York is a 42-year-old full service independent securities and brokerage firm. Bradley Woods has an indirect clearing agreement with Pershing LLC (an affiliate of the Bank of New York Mellon) through its affiliation with Bernard Herold & Co., Inc., a New York Stock Exchange member. In 2004, Bradley Woods began offering investment banking services. It has offered brokerage and other financial services since 1983. Since 1970 Bradley Woods has offered an institutional research product which interprets the impact of the US Federal Government on the capital markets. It utilizes its decades of experience and expertise in political matters and is thus able to spot minute shifts in policies and impact.  The company’s forte is an understanding of government mechanics and dynamics including its legislative and administrative procedures. The company offers research and analysis that not only reports and identifies critical market and economic trends, but also the implications of such political crosswinds. Under the stewardship of Dan Ripp, the company’s president since 2004, the company’s direction was retooled to focus on the specific investment implications of US government policies and geopolitics.

About Wellfleet Partners, Inc.

Wellfleet Partners, Inc., a fourteen year old boutique financial services and consulting firm, was founded by Mark I. Lev in 1998.  The company engages in a wide variety of corporate finance, venture capital, management consulting, due diligence and corporate advisory activities for a broad range of clients. These include public and private, emerging small to medium-sized, domestic and internationally-based, growth companies.  In addition, through subsidiaries and/or affiliates, Wellfleet offers financial, brokerage and money management services. It has strategic, domestic, and international partnerships in Fort Lauderdale, Los Angeles, Palo Alto, and San Diego, in Dublin, London, Perth, Tel Aviv, Beijing and Tokyo. Wellfleet renders all of its fund raising corporate finance and investment banking related activities through Bradley Woods & Co. Ltd., a FINRA-registered broker-dealer headquartered in New York.  For more information, please go to www.wellfleetpartners.com. A brochure, quarterly newsletter and/or press release is available upon request.

Filed Under: Press Releases

Joshua S. Lev has been made an equity partner of WP

Posted on January 4, 2012

Wellfleet Partners, Inc., announces that Joshua S. Lev has been made an equity partner of the Company. “It is with great pleasure that I announce after 14 years a new equity partner at our firm.  It has been a dream of mine for many years to be able to work side by side with my son and since joining a half a year ago, he has made monumental strides in improving all aspects of the firm.  It seems quite natural to call him “partner” now, as well as beloved and cherished son.  As the firm was named after my father’s company “Wellfleet Textiles”, almost 15 years ago, it feels natural to have a 3rd generation Lev at Wellfleet.  Going forward Joshua’s responsibilities will be expanded to include a more active role in the day to day operations with the firm as I focus on our portfolio clients, nationally and abroad.  We intend in 2012 to make mergers and acquisitions more of a concentration in our business and work more closely with our almost 500 portfolio companies, over 20 countries.  This is truly a “happy day” at Wellfleet Partners, Inc.” stated Mark I. Lev, Chairman & CEO of Wellfleet Partners, Inc.

 About Joshua S. Lev

Joshua S. Lev, Director of Business Development, joined Wellfleet Partners in mid 2011 to focus on business development, M&A, corporate finance and institutional and individual client relations. He also has responsibilities in conducting due diligence, and offering advisory services for perspective portfolio companies and in their financings. Prior to joining Wellfleet, Mr. Lev worked at HSBC for over 4 years in a variety of roles within Personal Financial Services.  He joined the bank as a Retail Management Trainee, completed the Group Graduate Development Program inEngland, and served as a Business Analyst and Planning & Analysis Manager.  Most recently, Mr. Lev was AVP of Product and Pricing Strategy for the Retail Bank.  Mr. Lev holds a 6 and 63 Securities License. Mr. Lev graduated from the Sy Syms School of Business atYeshiva University with a BS in Business & Management and a minor concentration in International Business.  Mr. Lev also holds an Associate Degree in Religious Studies.

About Wellfleet Partners, Inc.

Wellfleet Partners, Inc. (Wellfleet), a fourteen year old boutique financial services and consulting firm, was founded by Mark I. Lev in early 1998.  The Company’s emphasis is to engage in a wide variety of corporate finance, venture capital, management consulting, due diligence and corporate advisory related activities to a broad range of public and private emerging small to medium sized national and internationally based growth companies.  In addition, through subsidiaries and/or affiliates, it offers financial and brokerage services and money management as well and has strategic partnerships and offices in Perth, Australia, Tokyo, Japan, London, England, Ra’anana, and Tel Aviv, Israel, Dublin, Ireland, Miami and Fort Lauderdale, Florida; Southern California (Los Angeles & San Diego), Northern California (Palo Alto) and in conjunction with MRM Finance LLC, jointly opened an office in Beijing, China in 2008.  Wellfleet renders all of its fund raising corporate finance and investment banking related activities through Sandgrain Securities, Inc., a registered FINRA broker-dealer primarily headquartered in New York.  For more information, please go to www.wellfleetpartners.com; a brochure, quarterly newsletter and/or press releases available upon request.

 

Filed Under: Press Releases

Realta Entertainment Group, Inc.

Posted on December 30, 2011

New York & Campbell, CA, China- December 23rd, 2011

Realta Entertainment Group, Inc. (“Realta” or the “Company”)  is a California based Transmedia gaming and entertainment company.  “We are very pleased to be involved in the financing of this exciting gaming company introduced to us by, Bryan Feinberg of Zephyr Technology Ventures, LLC (see below). Realta represents the type of early stage venture capital investment that we were so familiar with over a decade ago during the earlier stages of Wellfleet Partners, Inc. With the recent introduction to Mr. Feinberg, his friendship, guidance, continued overseeing of the target companies via their affiliation with Zephyr as Consultants or Board Memberships and his extensive experience in the digital media and software space, we are hopeful that this area will become a greater interest for us in the future”, stated Mark I. Lev, Chairman & CEO of Wellfleet Partners, Inc.

 Realta Entertainment Group, Inc., Realta Entertainment Group, Inc. and Realta Studios are developers of reality-based interactive multimedia, hardware and content for the world’s most popular video game consoles and PC’s. Realta melds art and technology into powerful user experiences that expand beyond the typical gaming hardware. Realta Entertainments debut project is currently in production in their Campbell, CA studio.

About Wellfleet Partners, Inc.

Wellfleet Partners, Inc. (Wellfleet), a fourteen year old boutique financial services and consulting firm, was founded by Mark I. Lev in early 1998.  The Company’s emphasis is to engage in a wide variety of corporate finance, venture capital, management consulting, due diligence and corporate advisory related activities to a broad range of public and private emerging small to medium sized national and internationally based growth companies.  In addition, through subsidiaries and/or affiliates, it offers financial and brokerage services and money management as well and has strategic partnerships and offices in Perth, Australia, Tokyo, Japan, London, England, Ra’anana, and Tel Aviv, Israel, Dublin, Ireland, Miami and Fort Lauderdale, Florida; Southern California (Los Angeles & San Diego), Northern California (Palo Alto) and in conjunction with MRM Finance LLC, jointly opened an office in Beijing, China in 2008.  Wellfleet renders all of its fund raising corporate finance and investment banking related activities through Sandgrain Securities, Inc., a registered FINRA broker-dealer primarily headquartered in New York.  For more information, please go to www.wellfleetpartners.com; a brochure, quarterly newsletter and/or press releases available upon request.

 About Zephyr Technology Ventures, LLC

For more information, please go to www.zephyrnet.com.

Filed Under: Press Releases

Duff & Phelps Agrees to Acquire Pagemill Partners

Posted on December 21, 2011

Congratulations to our very dear friend and one of Wellfleet Partners’ founding advisors, Scott Munro

 

Addition of Silicon Valley-Based M&A Firm Enhances Global Technology Industry Expertise

NEW YORK–(BUSINESS WIRE)–Duff & Phelps Corporation (NYSE: DUF), a leading independent financial advisory and investment banking firm, today announced that it has entered into a definitive agreement to acquire Pagemill Partners, a Silicon Valley-based investment banking and valuation services firm. Consisting of 25 employees, the Pagemill team focuses on advising global technology companies in the middle market, as well as emerging organizations. The acquisition will enhance Duff & Phelps’ Mergers & Acquisitions practice and further develop the firm’s technology industry expertise.

Terms of the transaction were not disclosed. Subject to customary closing conditions, the transaction is expected to close by the end of the year.

The Pagemill team will work closely with colleagues throughout Duff & Phelps who provide complementary financial advisory services and technology industry expertise, including professionals in the firm’s existing Silicon Valley andSan Franciscooffices. This collaboration continues an effort to strengthen key industry specializations for Duff & Phelps; earlier this year, the firm deepened its knowledge of the energy, mining and infrastructure industries by acquiring Texas-based investment banking services firm Growth Capital Partners.

“For eight years, Pagemill Partners has leveraged transactional experience and personal commitment to help clients and shareholders consistently achieve successful M&A outcomes,” said Jacob Silverman, leader of the Investment Banking segment and head of corporate development for Duff & Phelps. “Their proven understanding of the global technology business landscape will complement our existing expertise, better positioning us to advise technology clients on their most important matters – including cross-border situations.”

Since 2003, Pagemill Partners has provided M&A advisory, private placement advisory and valuation services. The team has closed more than 160 transactions – approximately one-third of which were cross-border situations – in such industries as enterprise, infrastructure and application software; semiconductors; Internet and media; communications; storage; security; technology-enabled services; and many other sub-segments. Pagemill Partners has advised clients on transactions with Microsoft, IBM, Intel, GE, Oracle, Broadcom, Qualcomm and other industry leaders.

“The entire Pagemill team is extremely excited to join Duff & Phelps’ global platform,” said Scott Munro, managing director at Pagemill Partners. “We look forward to contributing our technology M&A expertise, while also gaining access to a broader suite of services, an international geographic footprint and other resources. This will allow us to more effectively serve our clients while also pursuing a wider range of engagements and capability enhancements.”

About Duff & Phelps

As a leading global financial advisory and investment banking firm, Duff & Phelps balances analytical skills, deep market insight and independence to help clients make sound decisions. The firm provides expertise in the areas of valuation, transactions, financial restructuring, alternative assets, disputes and taxation, with more than 1,000 employees serving clients from offices in North America, Europe and Asia. Investment banking services in the United Statesare provided by Duff & Phelps Securities, LLC. Member FINRA/SIPC. M&A advisory services in the United Kingdomand Germanyare provided by Duff & Phelps Securities Ltd. Duff & Phelps Securities Ltd. is authorized and regulated by the Financial Services Authority. Investment banking services in Franceare provided by Duff & Phelps SAS. For more information, visit www.duffandphelps.com. (NYSE: DUF)

Filed Under: Press Releases

Xanadu Co Ltd.

Posted on September 29, 2011

 New York & Shanghai, China- September 27, 2011

 Xanadu Co Ltd. (“Xanadu” or the “Company”) is a Chinese based company, headquartered in Shanghai that will attempt to provide services and products to close to the 50MM college students.  “We are very pleased to have, in concert with Cedarview Capital Management LP, visited with Xanadu and its management which resulted in a material investment by the aforementioned fund.  This represents the 24th time that we, through our client’s and/or associates, have deployed capital in a Chinese based company since 2004.  I would like to thank in particular my associate, Alan Fein, my son Joshua S. Lev and our attorney Ronniel Levy, esq for all of their efforts that assisted us in bringing this matter to a successful conclusion. As always, it’s a pleasure working with Burton Weinstein from Cedarview Capital. The three day trip to Shanghai, which pictures can be viewed on our website, will always serve as a wonderful reminder of this past project and my first international business trip with my son.  On behalf of the firm, our strategic partners, clients and friends worldwide, we would like to sincerely welcome Joshua on board”, stated Mark I. Lev, Chairman & CEO of Wellfleet Partners, Inc.

 Xanadu Co Ltd., provides online and offline educational and commercial services to college students inChina.  The company plans to establish a single platform that will include an exclusive real-name student identification database of 50MM students, a consolidated student ID card network, a transaction/clearing/balancing system, portal website, and on-campus terminals.  The platform will be used to satisfy the demands of the daily campus life through a network of official student ID cards and payment accounts.  The single platform will result in an integrated real-name student database with consolidated spending habits of Chinese student users from universities, colleges, private schools, vocational schools and other “Higher Education Institutions”. 

 About Wellfleet Partners, Inc.

Wellfleet Partners, Inc. (Wellfleet), a fourteen and a half year old boutique financial services and consulting firm, was founded by Mark I. Lev in early 1998.  The Company’s emphasis is to engage in a wide variety of corporate finance, venture capital, management consulting and corporate advisory related activities to a broad range of public and private emerging small to medium sized national and internationally based growth companies.  In addition, through subsidiaries and/or affiliates, it offers financial and brokerage services and money management as well and has strategic partnerships and offices in London, England, Ra’anana, and Tel Aviv, Israel, Dublin, Ireland, Miami and Fort Lauderdale, Florida; Southern California (Los Angeles & San Diego), Northern California (Palo Alto) and in conjunction with MRM Finance LLC, jointly opened an office in Beijing, China in 2008.  Wellfleet renders all of its fund raising corporate finance and investment banking related activities through Sandgrain Securities, Inc., a registered FINRA broker-dealer primarily headquartered in New York.  For more information, please go to www.wellfleetpartners.com; a brochure, quarterly newsletter and/or press releases available upon request.

Filed Under: Press Releases

Fall 2011 Newsletter

Posted on September 29, 2011

SEPTEMBER 2011

On this, the 10th year anniversary of the month and that fateful day that rocked our city, our country, every American and unified the world against the constant threat of terrorism, we at Wellfleet have decided after 14 ½ years and over 50 newsletters to break from its normal tradition and focus merely on the aforementioned anniversary as well as several other material financial developments (e.g. Apple and the prices of gold and barrel of oil).  There will be no discussion of any of our activities nor our portfolio companies. 

“A great truth is a truth whose opposite is also a truth.”

Thomas Mann

I remember where I was around 8:00am on September 11th, 2001. It was a beautiful, bright shiny warm day and as always I had a wonderful view of downtown Manhattan from the picture window in our office on the 46th floor of One Penn Plaza.  I had the radio on in the background and surprisingly heard that a plane just crashed into the World Trade Center. My first instinct was that it was a small plane that reared off course and had mistakenly crashed.  Looking out of my window I could see smoke bellowing out of the World Trade Center approximately 3 miles away. One of my associates and I were standing at the picture window and at approximately 9:00am saw a 2nd plane travelling surprisingly low about 10 miles away flying in the same direction. We watched in silence and at 9:03am, in horror, as the 2nd plane crashed into the South Tower.  Shortly thereafter, the building announced an emergency had occurred and we should stay tuned for further updates.  Truthfully, myself and my associate had no clue as to what was going on. We were too naïve to assume that the 1st terrorist attack on our own soil could have possibly occurred.   

“Our doubts are traitors and make us lose the good we often might win, by fearing to attempt.

Jane Addams

At about 10:00am, the building announced that it would be evacuated.  One Penn Plaza, with its over two million square feet and 1000 tenants is directly above Penn Station which, for non New Yorkers, is one of the largest and most active transit ports in the country. Besides practically every subway line, the Long Island Railroad and Amtrak are directly beneath our building.  We were informed that the entire train system inNew Yorkwas halted and Penn Station was being evacuated.  This author stayed in the office and was probably one of the last, if not the last tenant to evacuate.  The lobby and the streets in front of our building was a variable zoo with thousands walking aimlessly in vain trying to understand what was happening and to reach loved ones on cell phones that had no service. Our building has a small coffee cafeteria on the ground floor who offered their landline phone to whoever needed it.  I called my family and ascertained their whereabouts and told them to sit tight I would find my way home.  With the bridges and tunnels closed and the streets filled with New Yorkers trying to make sense of what just happened, I started to make my way home.  I walked to the midtown tunnel, 10 blocks away and saw a police car, the only cars that were going in and out of the tunnel, about to leave to go towardsQueens.  I politely asked the police officer to hitch a ride to the other side of the midtown tunnel and seeing that I was successful, four other people quickly jumped in as well. As we approached the other side, I asked if I can continue with him as far as he would go east on the Long Island Expressway and that’s how I made it to Little Neck, New York, approximately 15 miles from the office.

“If life were predictable it would cease to be life, and be without flavor.”

                                                                                                        Eleanor Roosevelt

With another 10 miles to go, I noticed that people were picking up strangers on the streets and put my thumb out. Within 5 minutes I had a ride going further east on the Long Island Expressway. New Yorkhad almost immediately transformed into a different city in which everyone were friends and cared about each other’s welfare.  I got off at the entrance of Great Neck with four miles still to go.  The major thoroughfare going in and out of Great Neck was closed. Local police forces were checking every person coming into our normally safe and beautiful neighborhood for potential terrorist activities.  I walked the last four miles until I finally walked into my house at 2:00pm.  It took me a grand total of 3 hours to go 25 miles with the help of my fellow New Yorkers and one police officer.  For the balance of the day, we all sat in our family room and watched every channel trying to make sense of what just happened.  We went to a park that actually overlooked theWorldTradeCenterand sat, amongst the flowers and trees and watched theWorldTradeCenterburn and the lives of close to 3,000 of our fellow New Yorkers, Policeman, Fireman, and Emergency Alert First Responders perish.  My children at the time were 16, 13 and 9, it was hard to explain to them what was happening while in reality we ourselves didn’t understand. That week the market stayed closed.  With no transit and no reason to go to work, we spent the week at home counting our blessings for the wonderful life provided to us from this magnificent country and mourned for those precious innocent lives lost due to the terrorist activities of the few distorted criminals that masterminded this abhorrent attack.

Now 10 years later, it feels as if it happened just last year.  The memorials are touching and remind us of the sacrifices that have to be made in the name of freedom. On behalf of Wellfleet Partners, Inc. its employees, strategic partners, clients and friends worldwide, May I simply say G-D BLESS AMERICA.

“History is not merely what happened.  It is what happened in the context of what might have happened.”

                                                                                                        Hugh Trevor Roper

Over the past decade, the Company that has made the largest impact in the world, both in market value as well with its revolutionary technology has been APPLE.  Under the brilliant director of Steve Jobs, APPLE has enlightened the world with its dazzling array of inventions and in the words of Walt Wittman, “unscrewed the locks from the doors”.  Steven Jobs, a man who never graduated college, was adopted as an infant, previously fired from APPLE and current cancer survivor, created a company that in a mere 14 years has increased in value 5700%, perhaps the greatest market appreciation in the history of world financial markets.  The Company’s combination of beauty and functionality has been revolutionary in a similar fashion that has Facebook’s uniqueness. APPLE has made information accessible and have stretched the bounds of privacy.  With his recent announcement that he is stepping down from APPLE as its CEO, the APPLE community which extends to hundreds of millions, collectively breathed a sigh of grief.  His five words “… unfortunately the day has come” was met with a short term depreciation in the price of the stock of 7% representing billions of dollars.  While he claims to plan on being an active Chairman, his health issues are clearly worrisome.  Jobs who started APPLE at the tender age of 21, was fired from his own company and only brought back 14 years ago, has achieved financial and artistic immortality.  APPLE currently is the 2nd most valuable company in the world next to Exxon and many expect his designated successor Tim Cooke, to continue his legacy.  Every time a new I-Phone, I-Pad, MAC laptop is sold, it is the testament to the genius of Steven Jobs.  On behalf of this organization we wish him a healthy and enjoyable balance of his days. 

“Steve was among the greatest of American innovators- brave enough to think differently, bold enough to believe he could change the world, and talented enough to do it.”

                                                                                                                      President Obama

Sadly on Late October 5th, 2011 Steve Jobs lost his battle with pancreatic cancer.  We at Wellfleet Partners Inc acknowledge the greatness that was Steve Jobs and offer condolences to his family.

STEVE JOBS 1955-2011 “Apple has lost a visionary and creative genius, and the world has lost an amazing human being.  Those of us who have been fortunate enough to know and work with Steve have lost a dear friend and an inspiring mentor.  Steve leaves behind a company that only he could have built, and his spirit will forever be the foundation of Apple.”

APPLE.COM

“Confidence is what you have before you understand the problem.”

Woody Allen

The price of gold continued its meteoric rise this past quarter. After hitting its high of approximately $1850 an ounce, it recently retreaded back approximately 15%. Gold is in the 11th straight year of its bull market, its longest such streak since 1920 when investors looked to diversify away from currencies and equities.  While many other metals have receded dramatically over the past quarter (e.g. silver, copper, iron), gold has maintained its ebullient price.  The price of a barrel of oil has likewise receded and is currently in the low 80’s.  Investors are encouraged that the demand for oil remains stable while the supply, despite the unrest in the middle east and in particular Libya, has been unaffected and alternative energy products are in demand.  Worries about the economy and stability though can change in a heart beat, so the amount of short term obligations rather than long term remains the hedge of choice. 

“If moderation is a fault, then indifference is a crime.”

Jack Kerouac

Finally, it is with great pride that I welcome my son, Joshua to the firm. After four years at HSBC, we decided it was time for him to become a 3rd generation “Wellfleet” as my father, his grandfather’s company was called Wellfleet Textiles. It is every man’s dream to be able to work alongside his son and my memories of those summer’s at my father’s factory remain always fresh in my mind. I could not feel more blessed to have him at my side as our company’s new Director of Business Development and Executive VP. Welcome aboard, see his bio on our updated website.

            On behalf of all the management, employees and strategic partners of WP, I would like to sincerely thank all of you that have been so instrumental in our first 14 ½ years of success. We wish you a very enjoyable fall season and as always, “caution is the better part of valor” in all investments.

            Note:             This report was produced by Wellfleet Partners, Inc. (“WPs”) from various public research sources, for the sole purpose of general information.  WP makes no warranties to its factual content and is not a brokerage firm, registered Investment Advisor nor securities dealer; therefore, nothing contained in this report shall constitute an offer to sell, solicit or buy any securities or investment advice.  Investment in these securities mentioned here involves risk and should not be considered without first reading the target Company’s most recent financial statements, 10Q and 10K, its Private Placement, Offering Memorandum or Business Plan, if applicable, and discussing the investment with your registered representative or professional financial advisor.  Venture capital and investment in the market is inherently extremely risky.  Mr. Lev, the author of this newsletter is a Registered Representative and Managing Director of Sandgrain Securities, Inc. an FINRA/SIPC member broker-dealer headquartered inNew York.

 

Filed Under: Newsletters

Cyclone Power Technologies, Inc.

Posted on June 30, 2011

Cyclone Power Technologies, Inc.

New York & Florida-June 30th, 2011

 Cyclone Power Technologies, Inc. (“CYPW” or the “Company”), is a publicly traded U.S. based company.  The Company today announced the first closing of a financing rendered through Sandgrain Securities as part of a larger financing to further capitalize the Company and offer expansion capital. “I am very pleased to announce the closing of a first financing. We are always excited to work with companies that have world class technology, especially if its “green” and in the area of alternative energy. Finally, I would like to thank Howard Gostfrand of American Capital Ventures for the introduction and Jack Zwick, a senior member of our Advisory Board for his efforts. We look forward to continuing to work with Jack, Howard and his Florida based PR\IR firm in the future.” Stated Mark I. Lev Chairman & CEO of Wellfleet Partners, Inc.

Cyclone Power Technologies, Inc. engages in the research and development of an eco-friendly external combustion engine technology in the United States. The company develops and holds rights of the Cyclone Engine, an eco-friendly clean engine that is used for various applications in the areas of small garden tools, electric power generators, automobiles, trucks, ships, and heavy construction equipment. Its Cyclone Engine is a heat-regenerative, external combustion, and Rankine cycle engine. The company intends to develop engines for license to manufacturers and other groups in various industries worldwide. Cyclone Power Technologies, Inc. was founded in 2004 and is based in Pompano Beach, Florida.

About Wellfleet Partners, Inc.

Wellfleet Partners, Inc. (Wellfleet), a thirteen and a half year old boutique financial services and consulting firm, was founded by Mark I. Lev in early 1998.  The Company’s emphasis is to engage in a wide variety of corporate finance, venture capital, management consulting and corporate related activities to a broad range of public and private emerging small to medium sized growth companies.  In addition, through subsidiaries and/or affiliates, it offers financial and brokerage services and money management as well and has strategic partnerships and offices in London, England, Ra’anana, and Tel Aviv, Israel, Dublin, Ireland, Miami and Fort Lauderdale, Florida; Southern California (Los Angeles & San Diego), Northern California (Palo Alto) and in conjunction with MRM Finance LLC, jointly opened an office in Beijing, China in 2008.  Wellfleet renders all of its fund raising and investment banking related activities through Sandgrain Securities, Inc., a registered FINRA broker-dealer primarily headquartered in New York.  For more information, please go to www.wellfleetpartners.com; a quarterly newsletter and/or press releases available upon request.

Filed Under: Press Releases

Elephant Talk Communications. Inc.-$4,000,000 All Done

Posted on June 20, 2011

New York & Schiphol, The Netherlands- June 17, 2011

Elephant Talk Communications, Inc., (OTC.BB: “ETAK”) is principally a Holland based international telecommunications provider. Approximately a year ago, we, through Sandgrain Securities, did a bridge financing consisting of units comprised of common stock and two series of warrants to a future, larger financing which the company subsequently closed. The proceeds of our transaction were used for general working capital. The investors were compromised of several institutions, in particular Cedarview Capital and MKM Capital and various high net worth investors including the chairman of Wellfleet Partners, Inc. “We are very pleased to announce that now, a mere one year later, the last of the second series of Warrants were exercised and there has been 100% exercise from both series of Warrants and the Placement Agent Warrants. In totality our investors have invested approximately $4M into Elephant Talk Communications, Inc. and the stock remains approximately 300% above where we initially invested. I would like to acknowledge the efforts of the management of Elephant Talk Communications, Inc., in particular its Chairman Steven Van Der Veldon and his IR PR firm, Alliance Capital Advisors, and its Chairman/CEO Allen Sheinwald, for their tremendous performance since we met them.” stated Mark I. Lev Chairman & CEO of Wellfleet Partners, Inc.

Elephant Talk Communications, Inc. is an international provider of business software and services to the telecommunications and financial services industry. The Company enables both mobile carriers and virtual operators to offer a full suite of products, delivery platforms, support services, superior industry expertise and high quality customer service without substantial upfront investments from clients. Elephant Talk provides global telecommunication companies, mobile network operators, banks, supermarkets, consumer product companies, media firms, and other businesses a full suite of products and services that enables them to fully provide telecom services as part of their business offerings. The Company offers various dynamic products that include remote health care, credit card fraud prevention, mobile internet ID security, multi-country discounted phone services, loyalty management services, and a whole range of other emerging customized mobile services. Elephant Talk Communications, Inc. trades on NASDAQ under the symbol ETAK with a current price of approximately $2.00 per share and a market cap in excess of $120M. For more information visit http://www.elephanttalk.com

About Wellfleet Partners, Inc.
Wellfleet Partners, Inc. (Wellfleet), a thirteen and a half year old boutique financial services and consulting firm, was founded by Mark I. Lev in early 1998. The Company’s emphasis is to engage in a wide variety of corporate finance, venture capital, management consulting and corporate related activities to a broad range of public and private emerging small to medium sized growth companies. In addition, through its affiliate, it offers investment banking, financial and brokerage services and money management as well and has strategic partnerships and offices in London, England, Ra’anana, and Tel Aviv, Israel, Dublin, Ireland, Miami and Fort Lauderdale, Florida; Southern California (Los Angeles & San Diego), Northern California (Palo Alto) and in conjunction with MRM Finance LLC, jointly opened an office in Beijing, China in 2008. Wellfleet renders all of its brokerage and investment banking related activities through Sandgrain Securities, Inc., an eighteen-year old registered FINRA broker-dealer primarily headquartered in New York. For more information, please go to www.wellfleetpartners.com; an updated/new brochure, quarterly newsletter and/or press releases available upon request.

Filed Under: Press Releases

WP’s Portfolio Company Achieves Milestone

Posted on June 6, 2011

Arava Power launches Israel’s first solar field

By SHARON UDASIN 
06/05/2011 19:50

$2 billion plans cover the majority of Arava kibbutzim, one-third of Negev kibbutzim and five Beduin sites.

 Arava Power Company launched Israel’s first solar field on Sunday evening – World Environment Day – and meanwhile announced a pipeline of over 400 megawatts worth of solar development in Israel’s South.

“Israel is in last place among industrial countries in solar energy development even though we should be leading the pack,” company co-founder and CEO Yosef Abramowitz told The Jerusalem Post, during an exclusive tour of the field a week prior to the launch. “At less than one percent [renewables], we are betraying our own energy security.”

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In front of ministers, Knesset members and industry colleagues and amid fireworks and music, Arava Power launched its mediumsized, 4.95-megawatt field at Kibbutz Ketura in the Arava Desert, which will begin providing electricity to three kibbutzim – Ketura, Lotan and Grofit, according to Abramowitz. Having spent a pre-college year-course at Ketura in the 1980s, Abramowitz returned there after making aliya from Massachusetts about five years ago and founded the company with fellow visionaries David Rosenblatt and Ed Hofland. The end result – after five years of back-andforth with 24 government offices – is an 80-duman, 18,500-panel field with a sundial mezuzah at its entrance gate.

“This is a down payment on the solar future of the State of Israel,” Abramowitz said that day.

“It’s a great feeling,” added co-founder Hofland, a resident of the Kibbutz. “Yosef came to my office about five years and suggested that we start this business, and David was there also – so the three of us started the business. I knew it wasn’t going to take one year – Yossi said that within one year we are going to build a field. And it told him it was going to take a lot longer than that. It was closer to five years now. And here it is.”

To Abramowitz, the five-year wait period was a “struggle” with various government offices for something “that should be normative to the country.

“It’s incredibly satisfying to reach this point and it is with a sense of mixed blessing that we’re here today because on the one hand we’re about to dedicate Israel’s first commercial solar field, and yet still we are struggling with the government in terms of having certainty in the entire solar industry,” he said.

In addition to launching the current medium-sized field at Sunday night’s ceremony, the company announced its new pipeline of over 400 megawatts worth of around 45 projects, which will includes solar apparatuses ranging from rooftop structures to large fields, mostly at locations in the South, Abramowitz told the Post.

The whole undertaking will amount to about $2 billion worth of investments and involves the majority of Arava kibbutzim, one-third of Negev kibbutzim and five Beduin solar sites, he explained.

“Every one of these is signed and sealed and we’re in the process of delivering,” Abramowitz said. “This will supply thousands of green jobs.”

Of the approximately 45 projects in the pipeline, 14 fields are currently ready to begin construction from a statutory perspective, which includes land permissions, according to Abramowitz.

“All we’re waiting and waiting and waiting for is the license to be approved. And then we can build very quickly,” he said, noting that the Ketura Sun field was built in only six months.

Both Arava Power and the other companies are vying for spots in Israel’s limited solar industry, which has strict caps on the amount of electricity production currently permitted, as well as gridlines that need to be upgraded, Abramowitz explained.

“There’s competition on the gridlines, so we choose our fields very carefully,” Abramowitz said, calling the process a “race” for spots on the gridline.

Meanwhile, there are 1,200 megawatts worth of applications for medium-sized fields currently, yet the government has currently set a nationwide cap of 300 megawatts for medium fields, according to Abramowitz. Large-scale fields, like the 40-megawatt field Arava Power is planning to erect on Ketura, across the street from the current field, have yet to receive the approval of the Finance Ministry.

Another problem, according to Abramowitz, is the “bottleneck at the Public Utility Authority, the regulator,” which currently has over 600 license applications for solar projects but is only approving between 16-20 each month.

“All the companies that have applied for licenses are losing a tremendous amount of money today, and some of them are in danger of going out of business because the regulator takes a year for what is supposed to be a 60- day process,” he said.

“It’s essentially a $20 billion market between now and 2020, and we’re announcing a $2 billion jumpstart,” Abramowitz added. “And the Treasury wants to freeze, block and cut? They’ve got to be kidding – where is the prime minister?”

Filed Under: Press Releases

Solar Power Project to Light Up Arava Next Week

Posted on June 3, 2011

June 11 06:09, by Chana Ya’ar (Israelnationalnews.com)

The first commercial solar panel field in the Middle East is set to light up the Arava next week at Kibbutz Ketura.

The Arava Power Company plans to throw the switch on the 4.95-megawatt power source at Ketura on Sunday, June 5.

Company officials have said the Ketura Sun field is expected to be connected to the country’s national electricity grid later in the summer. The solar panel field is comprised of 18,500 Suntech photovoltaic solar panels that produce a total of 9 million kilowatt hours of electricity per year.

The field, located some 50 kilometers north of Eilat, is expected to draw several high-powered personalities for the occasion. Included on the list will be National Infrastructures Minister Uzi Landau, Agriculture Minister Orit Noked, Mks Dr. Einat Wilf, Shlomo Molla and Eitan Cabel, along with hip-hop artist Shyne, and others.

“This first-of-its-kind field… will change the face of the energy sector in the country,” said David Rosenblatt, vice chairman and co-founder of the company, “on the condition that the government of Israel releases the caps which are currently in place.”

Another participant in the project is Siemens Project Ventures. “Ketura Sun is the first high power photovoltaic unit that we have set up together with Arava Power in Israel,” noted Johannes Schmidt, CEO Equity Investments & Project Finance of the firm’s Financial Services division. “The project is a perfect opportunity to position Siemens Project Ventures as a relaible and strong partner in the Israeli solar market and to further strengthen our environmental portfolio,” he pointed out.

In addition, Bank Hapoalim also played a large role in financing the project. Arava Power says it is hoping to provide up to 10 percent of the country’s electricity through alliances with populations throughout Israel’s southern regions.

Original article here.

Filed Under: News