Morris Business Devl (MBDE)

Morris Business Development Company a California corporation was incorporated on March 10, 1998, in the State of California, as Electronic Media Central Corporation. On March 30, 2007, it changed its name to Morris Business Development Company. It develops opportunities to invest in eligible portfolio companies as a closed end investment fund similar to a mutual fund and it helps provide growth capital, strategic guidance and operational support. In some cases it might receive stock in portfolio companies for services provided by the Company both with or without cash. It might assist a client company with stock in its portfolio to grow their revenue and sales with substantial managerial support and capital sourcing. The Company's main objectives are long-term capital appreciation of portfolio company securities and shorter-term receipt of dividends and/or interest from its portfolio companies. It might invest in debt securities of these companies, or might acquire an equity interest in the form of common or preferred stock, warrants or options to acquire stock or the right to convert the debt securities into stock. In addition, it might acquire either a minority or controlling interest in mature companies in a roll-up strategy. It operates as an externally managed investment company. The main BDC business of business of consulting to assist client companies to source capital and get the substantial managerial support they need to succeed is a seasoned industry with many competitive service providers.