Rationale

In today's financial markets the medium-sized industrial company is hard pressed to secure a full range of high-level financial services from the corporate finance departments of the major investment banking firms of the nation.

The reason is quite simple. Since 1969, the securities industry and the capital markets have gone through the most severe changes since the stock market crash of 1929 and the resulting Great Depression. The events of the recent past have caused the public investor and financial institution to become exceedingly cautious in securities investments, limiting commitments almost solely to the very large public companies because of the liquidity requirement and growing appetite of the institutional investor. The effect has been to exclude the medium-sized company from easy access to both the public and private markets in the 1990's. The traditional investment bankers can no longer afford to offer services to these companies since they will not be generated larger amounts of income from these smaller corporate finance transactions.

The Angeloff Company exists to provide medium-sized growth companies with the type of expert financial services and advice that are otherwise available today only to the relatively few -- the large and well known company.