Looking for an Acquisition for a CPC

As you may know, I am the chairman of the Eminence Capital Group. We are a group of "eminent" people who have come together to create a series of capital pool companies or CPCs under the CPC program of the Toronto Venture Exchange.

A CPC is essentially a shell public company. It has between $300,000 and $2 million in cash, a minimum of 200 investors and at least 3 public company eligible directors. The CPC has 2 years from its inception to acquire an operating business that otherwise meets the listing requirements of the TSXV.

The Eminence Capital Group is working on its second CPC. We are just about to complete our IPO and we are reviewing potential acquisitions. Our criteria for an acquisition is as follows:

1. Experienced, quality management in place
2. At least $5 million in annual sales with the prospect of reaching $10 million in sales within 12 to 18 months
3. Profitable or at or nearing breakeven within 6 to 12 months
4. $15 million market cap within 12 months
5. Rapid growth potential
6. Current public market appeal, including interest from institutional investors
7. Company has public peers

Obviously there are always exceptions to each of the criteria. For example, we would look at resource opportunities that don't necessarily have revenues.

Please let me know if you are aware of any companies that are interested in going public and meet our criteria.