Press Releases
FOR IMMEDIATE RELEASE: July 2010
LTV Financial Group, LLC. acquires Stake in Lows Engineering
July 29, 2010 - San Diego, California - LTV Financial Group, LLC. has announced the acquisition of 35%of the available shares of Lows Engineering, Inc. from Larnel Harris, founder of Infoco, Inc.
LTV Financial has announced that they plan to further infuse infrastructure capital and project related capital directly into Low's Engineering to enable it to achieve its revenue projections of over $1.04M over the next year.
LTV Financial Group is based in San Diego, California. They bring together a results-oriented team of experts who are committed to securing the best financial solutions for their clients. LTV Financial Group works with an extensive network of investors and brokers to find, structure and manage investment opportunities.
Lows Engineering, Inc. is based on Oakland, CA and is a specialty contractor for telecommunications companies in California. Lows builds, installs, maintains, and upgrades infrastructure that is the backbone of the telephone, high-speed Internet, and electric grids being installed throughout California. Founder Victor Low has over 10 active years of experience in this industry. His reputation for quality service and delivery has allowed him to continue to be competitive in this niche community which allocates contracts for fiber optic underground placement. One competitive advantage that gives Lows an extra edge is they are set to be one of only a few companies in their market that will be able to secure guaranteed allocated contracts as a minority group.
The telecommunications industry is rapidly competing to expand their fiber optic infrastructure to offer better services to their customers. AT&T recently allocated $8Bn in funds to expand its own network. A reasonable percentage of this will be allocated to substructure projects which Lows is strategically positioned to bid on and capture as a Prime contractor. Lows is currently securing multiple contracts weekly with AT&T and targeting project contracts in the $10,000-$25,000 range per contract over the next quarter.
LTV Financial has announced plans to start taking the necessary early steps required to launch an IPO for Lows Engineering, Inc. in the second quarter of 2012.
For more information about this venture, please contact LTV Financial Group at 858.240.4641 or email info@ltvfinancial.com.
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