Reverse Merger Association Accepting Membership Applications



Founding and Organization

The Reverse Merger Association, founded in 2006, has announced that it is now accepting membership applications for 2007.

The Association was organized as a Type A corporation pursuant to Section 201 of the Not-for-Profit Corporation Law of the State of New York. The officers for 2007 are:

• Chairman: Timothy J. Keating
• President: David N. Feldman
• Executive Vice Presidents: Timothy P. Halter and Nimish P. Patel

Mission
The Reverse Merger Association is a trade association for individuals and businesses engaged in or interested in reverse mergers and other alternatives to traditional public offerings. The Association's goal is to provide its members with an organization which serves as an industry advocate, promotes a positive image of these techniques and offers opportunities for professional development as well as the exchange of information and transaction opportunities.

For the past six years, there have been on average approximately 10 IPOs per year in the U.S. where under $25 million in new capital has been raised, effectively rendering the small cap IPO market shut. The combination of a reverse merger and simultaneous private placement (PIPE) has stepped in to fill this new issue void. As the quality of the issuers has improved and the size of the PIPE transactions has increased, this new alternative for going public and raising capital has increasingly become mainstream -much like PIPE financings did over the past 10 years. The founders of the Reverse Merger Association felt that given the severe challenges in the capital formation process for small issuers through traditional IPOs, the time was right for leaders in the industry to step forward and create a single voice as an advocate for raising the bar for this legitimate alternative technique to becoming publicly traded.

Membership & Committees
It is anticipated that the members will be comprised of investment bankers, broker-dealers, attorneys, auditors, financial advisors, investor and public relations consultants, and others who play a role in the reverse merger process. All members of the Reverse Merger Association will be required to abide by a Code of Conduct, which has been established and will be provided to each applicant. In addition, each applicant will undergo a background check and Board approval for membership. Dues for 2007 are $250 for a single member, $5,000 for a patron member and $1,000 for a corporate membership which includes up to six people in one firm. All members joining in 2007 will be "charter" members of the organization. The Reverse Merger Association currently operates the following three committees: Membership & Finance, Policy & Advocacy, and Information & Events.

If you would like additional information or a membership application, please contact the Association by either calling Nimish Patel, Membership Chair, at (310) 208-1182, x728 or sending an e-mail to the Executive Director, Arline Isaacson, at arline@ReverseMergerAssociation.com. More information is also available at the organization's website at www.ReverseMergerAssociation.com.


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