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Distributed: June 14, 2012

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Melbourne, June 14, 2012 (ABN Newswire) - Millhouse, Inc. PLC, (FRA:M77) the Deutsche Börse listed financial services group (M77), has announced that it has identified a number of acquisition candidates in Australia and Europe that should generate over AU$40.0 million in EBITDA within two years. These companies include Wealth Management Groups, Private Banking Groups, Diversified Funds, Consumer Finance, and Health Care Companies. Given the recent events in the World economy, many successful and profitable companies can be acquired for very reasonable valuations.

David Millhouse, CEO, states "We are extremely excited and optimistic about the opportunities that have been presented to the company. With proper financing, the management team believes that they can build a very profitable International Financial entity over the next two years."

To fund these acquisitions, the company has enlisted two groups to help raise capital in the near term. This financing will be used to complete the acquisition of a respected business in Sydney, Australia, and for the operating capital requirement to complete a large long term acquisition financing facility in Europe.

DISCLAIMER

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words "may", "will", "should", "expects", "plans", "intends", "anticipates", "believes", "estimates", "predicts", "potential", or "continue" and similar expressions identify forward-looking statements.



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About Millhouse Inc. Plc

Millhouse, Inc. PLC is building a listed international diversified funds management business. Its business is to acquire existing businesses in funds management, investment management, wealth management, and asset management across asset sectors.

The company has a standard acquisition model based on warranted forward EBITDA with the consideration payable over three years as a mix of equity and cash. Each acquisition is EBITDA positive and cash generating. http://www.millhouse.co

Contact

For further information:
EMAIL: clients@wedgewoodcommunications.com

  Related Companies

>>> Millhouse Inc. Plc
>>>              Wedgewood Investment Group LLC.

  Related Industry Topics:

Investment Banking | Financial General | 

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