JP Turner & Company assists companies with both traditional and creative financings, including assisting clients in sourcing “public shells” from JP Turner's network of investment banking relationships to include the financing of reverse mergers. Reverse merger transactions are an alternative means for a private company to go public. Once a public shell, that being a publicly listed company with little or no assets or liabilities, has been secured, JP Turner can then assist the company in becoming public in this alternative way. It is called a "shell" considering all that exists of the original company is its corporate shell structure. By merging into such an entity, a private company becomes public. This new public entity can then utilize financing options that are not usually available to privately held companies. Given that being a publicly traded company will have reporting, legal, and other regulatory requirements, JP Turner's experienced investment banking team will initially perform an evaluation / scope analysis to determine if this is a viable option for your organization.

JP Turner has identified a few of the benefits of a reverse merger, as opposed to an IPO, including:

• You may receive a higher valuation for your company



• The costs are significantly less



• The time required is considerably less



• Typically there is less dilution of ownership control



• While an IPO requires a relatively long and stable earning history, the lack of an extended earning history does not necessarily keep a privately-held company from completing a reverse merger.