Millhouse Inc. PLC, Announces Move on Frankfurt Stock Exchange

Online, April 3, 2012 (Newswire.com) - MILLHOUSE, INC. PLC ANNOUNCES MOVE ON FRANKFURT STOCK EXCHANGE

Millhouse, Inc. PLC(FRA:M77), the Deutsche Börse listed financial services group, has announced that it will transfer the quotation of its securities to the Open Market and then General Standard markets in Frankfurt.

Millhouse, Inc. PLC said in the announcement that the company intended to complete EBITDA accretive acquisitions with substantial positive cash flows. He stated that the positive cash flow from the acquisitions would be used for additional acquisitions as the company embarks on a rapid expansion phase in 2012-13.

The acquisitions include financial services businesses and direct investments in several countries. They also include the sponsorship of new IPO's on Deutsche Börse.

Mr David Millhouse, Chief Executive and Deputy Chairman, said that the company was in acquisitions discussions with a number of financial services businesses in Europe and Australia.

Millhouse, Inc. PLC is a listed international diversified funds management business with its securities quoted on Deutsche Börse.

Millhouse, Inc. PLC, has also announced that its interim Chairman, Mr Richard Walker, has stepped down from the board.

The interim board, which guided the initial quotation of M77 securities on Deutsche Börse, will be supplemented by the appointment of an internationally recognised chairman to guide the company for the next phase of growth.

Millhouse, Inc. PLC said in the announcement that the company intended to complete EBITDA accretive acquisitions with substantial positive cash flows. The positive cash flow from the acquisitions would be used for additional acquisitions as the company embarks on a rapid expansion phase in 2012-13.

The acquisitions include financial services businesses and direct investments in several countries. They also include the sponsorship of new IPO's on Deutsche Börse.

Its business is to acquire existing businesses in funds management, investment management, and asset management across asset sectors. These acquisitions are conducted at historically low prices and capitalise on the considerable sunk costs invested by previous owners.

The company has a standard acquisition model based on warranted ebitda with the consideration payable over three years as a mix of equity and cash. Each acquisition is ebitda positive and cash generating. Business operations exist in Australia, Singapore, Germany and other countries as the acquisitions program rolls out.

http://www.millhouse.co