MISSION: What Do We Care About at Beacon?
Our Mission – Investment in Game-changing Innovation
Beacon Investment Partners, LLC (Beacon – BIP) strives to capture the demonstrated flexibility and the increased profit potential of public stock offerings to finance entrepreneurial companies in their earliest stages of growth. Our larger mission is to lead an international movement in the use of public stock offerings for companies with exceptional growth potential that need to go beyond the present limitations of venture capital funds.
By judicious mezzanine lending to creditworthy growth companies, Beacon expects to earn a steady stream of interest that will, in and of itself, permit estimated dividends of at least 8% to Common shareholders in one or more Beacon-managed business development companies (BDCs).
In addition, the BDC’s public shareholders and its client entrepreneurs alike may have unprecedented opportunities to achieve capital gains from public leveraging of investments in highly-select seed / early-stage opportunities.
What is more, the goal of Beacon’s international “IPO Express” team is to see to it that any Beacon client company can expect to go public within less than a year of signing an agreement with Beacon. Beacon is fully committed to the promise of game-changing innovation as well as adherence to the highest standard of integrity.
Lighting the Way to Make Ingenuity Pay© is the mission statement of Beacon Investment Partners, LLC dedicated to the vetting and public finance of scalable early-stage ventures in the US and Canada.
Integrity – Holding to the Highest Ethics
Beacon Investment Partners Pledge to Shareholders, Clients and Staff
by Vincent A. Fulmer and George W. Beard
At Beacon investment partners, LLC our most precious asset is our integrity; and we intend to keep it that way. We make no apology for being aggressive in earning attractive investment returns for shareholders and others, but we refuse to bend the rules or cut corners or engage in unethical behavior to benefit anyone, including ourselves.
Where do we look for integrity? Operating a business requires so many elements that it is a challenge of the highest order to be forthright in every detail. Yet, we believe honesty is entirely possible and truth is absolutely necessary for long-term shareholder and corporate client trust.
What are the underpinnings of integrity? We can look to court decisions and government regulation as the determining factors in the general environment for the conduct of business. Business and law schools teach extensively on this subject nationally.¹ We can look to the self-regulatory policies and practices of our industry, the financial services industry – inadequate as those have been in the past. We can look to the corporate resolutions and bylaws of leading companies.
We can look to the best practices of exemplary companies in our industry or other less regulated industries. But these sources are not the complete answer by any means. Unless we look within ourselves, we are convinced we will not find the answers. Therefore, the integrity of the people who operate a company from the CEO to the receptionist, is the ultimate test we seek to apply to ourselves and to others.
Integrity boils down to far more than being prepared to always do what you say you are doing in business, or saying what you are doing most of the time. It requires a moral basis for judging business decisions and treatment of others by what is right or wrong, good and desirable or bad and harmful, fair and just or unfair and unjust to others; and in the final analysys, in the public interest or not.²
Ironically, in America and other Western countries, the general public believes in a capitalistic order that has generated great private wealth; yet business profit has traditionally been a dirty word. Interest on loans is necessary but to much of
the general public, profit is equated with exploitation. We believe that robust gain is entirely consistent with honest management given the necessary level of professional competence and integrity.
A word of clarification, BIP is not engaging in anything more than shoptalk when we stress the pivotal importance of integrity in our business dealings. While we are not on a general campaign for social justice or moral rearmament, we do believe that doing our part to elevate standards of conduct for everyday business can produce unexpected dividends. Returns that go well beyond profit for the general public and for ourselves. We expect to do well by doing good and, by doing well, to be in a position to do good for both shareholders and the general public.
At BIP, integrity is thus our most indispensable asset. We look within ourselves for its source. Integrity is not for sale at BIP, at any price.
¹ Investment Company Act of 1940, Sarbanes-Oxley, ERISA, FINRA, FASB, SEC, FTC, OSHA, EPA ² “We become just by doing just acts”. Aristotle, Nichomachean Ethics, Book II, Moral Virtue
FORWARD LOOKING STATEMENTS
This document is not an offer to sell securities. Offers for any given U.S. security can be made only through applicable offering circulars and related documents filed with the SEC pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934. Certain statements contained herein and subsequent oral statements made by and on behalf of Beacon Investment Partners may contain “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward looking statements are identified by words such as “intends”, “anticipates”, “believes”, “predicts”, “forecasts”, “may”, “could”, “should”, “likely” “expects”, and “hopes” and includes, without limitation, statements regarding the mission, method, plan of business operations, product research and development activities, anticipated revenues and expenses and potential contractual arrangements and obligations. Forward-looking statements speak only as of the date of the document/oral statement in which they were made. In making any such statements, the person making them believes that his expectations are based on reasonable assumptions; however, any such statement may be influenced by factors that could cause actual outcomes and results to be materially different from those projected or anticipated. These forward-looking statements are subject to numerous risks and uncertainties. There are various important factors that could cause actual results to differ materially from those in any such forward-looking statements and are mostly out of the company's control. Among these are: general economic conditions, receipt of additional working capital, and acceptability of the company's products in the marketplace as well as other factors set forth in the company's SEC filings. Beacon Investment Partners, LLC disclaims any intent or obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise.
April 15, 2011