Newbridge Financial, Inc. Announces It Has Terminated the Stock Purchase Agreement to Sell Subsidiaries

BOCA RATON, Fla., June 6, 2018 (Newswire.com) - BOCA RATON, Fla., June 6, 2018 -Newbridge Financial, Inc. (“NFI” or the “Company”) today announced that it has terminated the Stock Purchase Agreement (“SPA”) to sell wholly owned subsidiaries Newbridge Securities Corporation (“NSC”) and Newbridge Financial Services Group, Inc. (“NFSG”) to KPI Newbridge Holdings, Inc. (“KPI”) with the European Wealth Group Limited ("EWG") as the parent holding company.

Notwithstanding NSC receiving regulatory approval from FINRA to close the transaction pursuant to the terms and conditions as detailed in the definitive SPA, KPI/EWG informed NFI that it was not prepared to close such transaction pursuant to the SPA terms and conditions. Therefore, after earnest discussions with the parties and careful consideration, the decision was unanimously approved by NFI’s Board of Directors to terminate the SPA.

Since NFI entered into the SPA, the revenues of NSC and NFSG have organically grown over 35% and AUM has expanded over 20%. This growth was accomplished with less than a 10% net increase in advisors through the hiring of seasoned professionals. NSC and NFSG will continue to manage growth by expanding and enhancing its platform including compliance and supervisory systems and recruiting and will explore opportunities to leverage financial technology or acquire or partner with other financial service firms.

Media Contact:

Leonard J. Sokolow, CEO

Newbridge Financial, Inc.

5200 Town Center Circle

Tower One, Suite 306

Boca Raton, FL 33486

Phone: 877.447.9625