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Iron Leaf Capital Engages Entrex for Reporting & Valuation of Their Private Company Portfolio
Chicago, IL – July 2, 2007 – Iron Leaf Capital (NASDAQ: IRON), a business development corporation which makes investments into a diverse portfolio of private companies, has signed a Memorandum of Understanding with Entrex, Inc., to provide quarterly valuation and reporting services for their portfolio holdings.
This is the first time that a publicly traded investment vehicle, with a 100% private equity portfolio, is striving to provide this level of independent transparency and accountability to their shareholders regarding the financial performance of their holdings.
Entrex founder and CEO, Stephen H. Watkins, explains, “As the SEC struggles to come to grips with accountability for new investment vehicles, IRON has reached out—through Entrex—to provide independent valuation and reporting for their portfolio investments. A process which mirrors the reporting methodologies they as a public vehicle are subject to themselves.”
The IRON portfolio will own numerous private companies that promote and serve healthy living, the environment or sustainable economy. Entrex’s proprietary methodology for corporate review, valuation and reporting management services is anticipated to begin service to IRON in Q3 2007. This contract is expected to represent upwards of $2.5M in revenue for Entrex.
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