MZ Group Retained by Committed Capital Acquisition Corporation

Uniquely structured publicly traded vehicle seeking top tier acquisition candidates

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Nov 21, 2011, 08:30 ET

NEW YORK, Nov. 21, 2011 /PRNewswire/ -- MZ Group, a wholly owned subsidiary of @titude Global, the leading provider of global capital market intelligence programs, investor relations technology solutions, investor relations consulting services and financial communications, today announced it has been retained by Committed Capital Acquisition Corporation (OTCBB: CCACU), a publicly traded vehicle positioned to provide world-class entrepreneurs access to the capital markets. MZ Group will assist the Company with investor and corporate communications, in addition to public branding efforts.

Committed Capital Acquisition Corporation ("CCACU") is a uniquely structured Special Purpose Acquisition Company (SPAC) with $38 million and a clean capital structure. In addition, this vehicle offers several compelling advantages compared to traditional SPACs:

The ability to close a business combination without shareholder vote, shareholder redemption, SEC review or warrant overhang.
Management with a successful track record of funding and growing public companies.
Balanced capital structure that aligns management and investors' interests.

Management for CCACU includes Michael Rapp, Chairman and CEO, and Philip Wagenheim, Secretary and Director, who are also co-founders of a boutique investment banking firm, Broadband Capital Management LLC. The initial shareholder group includes world-class entrepreneurs with a proven record of success: Richard Perlman and Jim Price (ExamWorks, PracticeWorks, TurboChef) and Michael Serruya (Yogen Fruz, Coolbrands). The management team and initial shareholders will invest $10 million at the close of the business combination.

CCACU will be targeting private companies with an enterprise value of $100 million to $300 million, superior growth characteristics, and a strong management team who has previously built successful public companies.

"Michael and his team have created an innovative and flexible SPAC that does away with two of the biggest obstacles, certainty of the transaction closing and the excessive and persistent warrant overhang," said Matt Hayden, Managing Partner of MZ Group – North America. "We believe this unique structure is an ideal, low-risk way for an exceptional high-growth company to leverage a public vehicle to become much larger, and look forward to introducing our network of senior management teams, bankers, private equity and strategic investors to the Committed team."

About MZ Group

MZ Group (www.groupmz.com) is a wholly owned subsidiary of @titude Global (www.attitude-global.com) in North America. MZ Group is the world's largest independent global investor relation and corporate communications firm, providing innovative, customized services to domestic and multinational companies through a unique, fully integrated "one-stop-shop" business model. With offices in New York, Chicago, San Diego, Sao Paulo, Beijing, Shanghai, Hong Kong and Taipei, MZ has 300+ professionals serving more than 530 clients located throughout 10 countries.