MIAMI, FL--(Marketwired - Jun 7, 2017) - Eight Dragons Co. (
We believe that the acquisition will combine Eight Dragons' prospective financial strength with Park Road's industry-specific knowledge and amplify its ability to compete in the executive IT consulting market, which according to data published by CompTIA.org is estimated to grow to $193 billion by 2019, a 12.5% Compound Annual Growth Rate (CAGR).
"I'm incredibly excited to join the Eight Dragons portfolio," says Jordan Fishman, Park Road Solutions Founder & President "Our businesses are complementary; there's tremendous potential and cross pollination opportunities."
"We are truly pleased to announce our partnership with Jordan Fishman and Park Road Solutions, Inc.," stated Una Taylor, Chairman and Chief Executive Officer of Eight Dragons. "Park Road Solutions is part of Eight Dragons' launch strategy to build a robust products and services revenue stream covering diverse and dynamic markets. Information services and security markets are central to all businesses. Park Road's unique capabilities and product offerings within the hedge fund industry will also help us establish new relationships with established entrepreneurs who finance and invest in companies that are aligned with our mission."
About Park Road, Inc.
Park Road Solutions, a Miami based company, specializes in outsourced Chief Technology Officer, Chief Security Officer, and information technology managed services. Their experience spans all major verticals including retail, education, finance, and healthcare with core competency and focus on Financial Service Providers such as Hedge Funds and Broker Dealer clients. Park Road Solutions provides unique domain expertise in Financial Regulatory, Compliance, Product Development and Managed IT Services. By utilizing bespoke and turnkey methodologies within its product offering, they ensure every solution is right sized and designed around client needs.
About Eight Dragons Company
Eight Dragons Company (
Forward-Looking Statements: Except for historical matters contained herein, statements made in this press release are forward-looking statements. Without limiting the generality of the foregoing, words such as "may", "will", "to", "plan", "except", "believe", "anticipate", "intend", "could", "would", "estimate", or "continue", or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Also, forward-looking statements represent our management's beliefs and assumptions only as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially for those anticipated in these forward-looking statements, even if new information becomes available in the future. The Company is subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including the section entitled "Risk Factors" in its Annual Report on Form 10-K for the year ended December 31, 2016 and its Quarterly Reports on Form 10-Q.
Contact Information Company Contact Martin E. Schmieg Chief Financial Officer Eight Dragons Company Tel. 1 (215) 300-9400 Email. martin.schmieg@edrg.com For Media and Investor Contact: Luna Consultant Group 702.333.4886 www.lcginfo.com
