ERIE, Penn. -- April 1, 2011 (BizWjre™) -- RF Cafe™ (RFCafe.com),
the world's most popular RF, microwave, and wireless website, has announced
that it has been acquired by Legend Investment Enterprises™ for an undisclosed
sum, and that it will be taken public on the NASDAQ™ exchange by way
of an initial public offering (IPO) in the summer of 2011. RF Cafe has
experienced astronomical growth since its inception in 1999, and has
built a reputation with engineers, managers, students, and hobbyists
as the Web's go-to source for technical information, news, original
articles, and even geek entertainment. RF Cafe founder and engineer
Kirt Blattenberger said, "I am overwhelmed at the opportunity provided
by the good folks at Legend Investment Enterprises. Thanks to RF Cafe's
huge community of dedicated visitors and wonderful advertisers, the
website grew from humble beginnings to a six-figure annual revenue giant
in a little over eleven years. This is a payday I have been anticipating
for a long time, and will use the money to tour the world for a year
or so before finally beginning to write a Windows version of my highly
popular RF Workbench software (now in DOS format). What I need most
now right is a good CPA to help me avoid paying taxes on the sale."
Legend Investment Enterprises' CEO Ed Glen said, "We consider ourselves
extremely fortunate to have been able to add RF Cafe to our portfolio
of highly successful technical holdings. Our investment group has a
record of picking winners, and RF Cafe will certainly prove to lead
the pack. Kirt's expertise and creativity, along with his thorough understanding
of the needs of his audience are truly unique and will be highly valuable
as he continues to function in an advisory role during the transition
period." "The technical world will be taken by storm when a public offering
is conducted later this year," added Glen.
While no specifics were given, sources indicated that the initial
offering will consist of 750,000 units of common stock, and 150,000
shares of preferred stock. Preferred stock will be distributed amongst
the investor group. A target price of $5.00 per share for common stock
and $15.00 per share for preferred stock has been set. Inquiries should
be made to the Legend Investment Enterprises' business development unit.
About Legend Investment Enterprises™
Legend
Investment Enterprises is a privately held group of angle investors
and does not respond to inquiries regarding its business model, employee
list, investments, location, or revenue. In short, we want you to mind
your own business. You cannot believe anything we say anyway... after
all, look at the first letters of our company name.
Contact
Ed Glen
Legend Investment Enterprises
(888) 555-ILIE (4543)
Date posted - April
Fools Day 2011
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