Harrison, Vickers and Waterman, Inc. Letter to Shareholders

NEW YORK, Oct. 15, 2014 /UPTICK Newswire/ — The following is a letter from James Giordano, Chairman & CEO, to Harrison, Vickers and Waterman, Inc. Shareholders:

Letter to Shareholders

10/14/2014

Dear Shareholders,

I am writing to introduce myself and outline our business and direction for the remainder of this year.

Previously known as Sharp Performance Inc. and providing consulting services related to the automotive industry we changed our name to Harrison, Vickers and Waterman, Inc. and adopted what we believe to be an advantageous and opportunistic business model and growth strategy. We lend money to commercial borrowers for the acquisition and refinance of real estate, which is secured by the real estate assets and other collateral.

As we are headquartered in the borough of the Bronx in New York City our geographic lending footprint and base is predominately in the tri state area (New York, New Jersey and Connecticut). The Company’s business model is to provide alternative funding solutions to borrowers who may not qualify with conventional lenders or may require faster turnaround by offering them commercial secured real estate loans with terms that are designed to be advantageous and otherwise risk averse to us. Typical terms for loans are as follows: a) terms are generally for one year but may be extended to three years; b) interest rates are above market and may be adjustable upward with a floor; c) loans are interest only; d) loan to value (“LTV”) no more than 65% and generally 50% or less; e) loan secured by a first lien; f) all expenses, costs and fees incurred are paid for by the borrower. We anticipate additional opportunities through loan default, foreclosure, selected development, joint venture opportunities, as well as ownership and property management.

Returns on our loans are designed to be more than commensurate with the risks offered by the short-term nature of the loans, above market interest rates and a low loan to value ratio (“LTV”) of our loans. We also expect to be able to charge above average interest rates due to efficiencies in providing loans and our knowledge in conducting due diligence accurately and timely. Because of the nature, structure and characteristics of our loans, when and if borrowers enter into a default, our remedies are designed to produce significantly greater return on our assets than otherwise. We also at times may look to participate through equity ownership in projects that offer preferred risk adjusted returns. Whether solely lending or combining lending with an equity investment we expect to attain steady income and cash flow from our core loan portfolio with additional appreciation through equity ownership and/or project participation and development.

To date, we have received ample loan applications and inquiries to review that match our criteria and lending standards. Loans are brought to us through a network of professionals as well as brokers.

Borrowers seek our services because of our ability to provide quick turnaround, qualify them where traditional lenders are not able, work closely to structure a roadmap for their success that is attainable and be there if needed when things don’t go as planned.

Our expected returns on invested capital are in the mid teens with ample available capacity. Our infrastructure presently is outsourced but as we grow we anticipate moving more in house.

Our goal is to create shareholder wealth and appreciation. As the company continues to evolve we will seek new avenues for the company to grow. In order to facilitate our growth we will need to generate permanent funding sources.

Finra recently has granted us the trading symbol “HVCW” that the public and existing shareholders can follow on the OTC Bulletin Board. Further please feel free to look us up on the web at www.hvandw.com.

Thank you, for the opportunity to serve you in my capacities.

James Giordano
Chairman & CEO

Statements made in this letter that are not historical in nature, including those related to market acceptance of products, constitute forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as “expects,” “projects,” “plans,” “will,” “may,” “can,” “anticipates,” believes,” “should,” “intends,” “estimates,” and other words of similar meaning. These statements include all statements related to our anticipated opportunities, our new business model, the potential return on assets and our ability to create shareholder wealth and appreciation. The statements are subject to risks and uncertainties that cannot be predicted or quantified, and our actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, our ability to secure permanent funding sources, attract borrowers on the terms discussed above, comply with all regulatory requirements relating to our business and the risk factors described in our Annual Report on Form 10-K and other periodic reports filed with the Securities and Exchange Commission.

HVCW

[stock-tools exchange=”NASDAQ” symbol=”HVCW” image_height=”120″ image_width=”200″]

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