Exhibit 99.2
Nortia Capital Partners, Inc. Clarification to July 19, 2005 Press Release
ATLANTA, July 20, 2005 (BUSINESS WIRE) -- Nortia Capital
Partners, Inc., (OTC:NCPN) is clarifying the structure of the
transaction that it announced on July 19, 2005. Nortia Capital
Partners, Inc., has signed a definitive agreement to acquire a
minority equity interest in Holley Communications Investment,
Inc., an experienced, market-oriented developer and provider of
wireless communication products including handsets and solutions,
as well as terminal and system devices that currently focuses on
the Chinese mobile telecommunications market.
Following its July 19, 2005, announcement, the management of
Nortia Capital Partners, Inc., was contacted by various
stockholders and members of the investment community, some of
whom were under the impression that Nortia Capital Partners, Inc.
would use shares of its stock to acquire the minority equity
interest in Holley Communications Investment, Inc.
Nortia Capital Partners, Inc., formed a transaction vehicle
through which the acquisition of the minority equity interest
will occur. The shares of the transaction vehicle are being
issued, not shares of Nortia Capital Partners, Inc. In
accordance with Nortia Capital Partners, Inc.'s status as a
Business Development Company, registered under Section 54 of the
Investment Company Act of 1940, the current expectation is that
substantially all of the shares of the transaction vehicle that
will be owned by Nortia Capital Partners, Inc., will be
registered prior to their being distributed as a special dividend
to the stockholders of Nortia Capital Partners, Inc. A record
date has not yet been set.
About Holley Communications Investment, Inc.
Holley Communications states that, for its 2004 fiscal year, it
sales were approximately $21.8 million, with an EBITDA of
approximately $265 thousand and that it is on track to reach its
budgeted goals for 2005 of $94 million in sales and $6.1 million
in EBITDA. The financial statements for Holley Communications
are in the process of being audited and such audit is a condition
of closing.
Holley Communications is a subsidiary of Holley Group, a
privately owned holding company with operations world wide.
Holley Group achieved sales of over one billion dollars for the
year ending 2004
About Nortia Capital Partners, Inc.
Nortia Capital Partners, Inc. is an Atlanta-based merchant
banking firm that operates as a Business Development Company,
pursuant to Section 54 of the Investment Company Act of 1940.
Nortia was established to provide capital and advisory services
for management buyouts, recapitalizations, and the growth and
capital needs of emerging growth companies. Nortia intends to
make yearly distributions to its shareholders of at least 90% of
its taxable investment income defined as net investment income
from interest, dividends and net short term capital gains.
Additional information can be found by visiting its website at
www.nortiacapital.com.
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Forward-Looking Statements:
The Private Securities Litigation Reform Act of 1995 provides a
safe harbor for forward-looking statements made on behalf of the
Company and its subsidiaries. All such forward-looking
statements are, by necessity, only estimates of future results
and actual results achieved by the Company may differ materially
from these statements due to a number of factors. Any forward-
looking statements speak only as of the date made. Statements
made in this document that are not purely historical are forward-
looking statements, including any statements as to beliefs,
plans, expectations, or intentions regarding the future. Risk
factors that may cause results to differ from projections
include, without limitation, loss of suppliers, loss of
customers, inadequate capital, competition, loss of key
executives, declining prices, and other economic factors relating
to its investee companies and inadequate capital, competition,
loss of key executives, and other economic factors related to its
own operations. Nortia assumes no obligations to update these
forward-looking statements to reflect actual results, changes in
assumptions or changes in other factors affecting such
statements. You should independently investigate and fully
understand all risks before making investment decisions.
SOURCE: Nortia Capital Partners, Inc.
CONTACT: Nortia Capital Partners Inc., Atlanta
William J. Bosso, 770-777-6795
wbosso@nortiacapital.com
www.nortiacapital.com
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or
Investors:
Friedland Capital Inc.
Dara Podber-Albright, 201-420-7437
dara@friedlandcapital.com
www.friedlandcapital.com
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