Sharewell Capital Group, Inc. Receives Name Change and Symbol Change Approvals

IRVINE, Calif., March 25, 2011 (GLOBE NEWSWIRE) -- Sharewell Capital Group, Inc. (Pink Sheets:SHCGD) ("Sharewell"), formerly Mercantile Resources, Inc. (Pink Sheets:ACKO), is pleased to announce that the Financial Industry Regulatory Authority (FINRA) has approved and processed the Company's name change and has issued a new trading symbol of "SHCGD" to reflect this change. Sharewell has also effected a 1 for 30 reverse stock split.

The name change, symbol change and reverse stock split became effective through FINRA at the opening of business on March 25, 2011. After 20 business days, the "D" (appended to the symbol to reflect that it is a new symbol) will be dropped, and the symbol going forward will be "SHCG" thereafter.

Steve Robertson, interim CEO, stated: "We are very pleased to announce the name and symbol change that best reflects the company's business. The objective of the stock split is to better position Sharewell for a senior stock exchange listing. This is an exciting time for us and the steps taken are measurable milestones of our commitment to company growth and shareholder value."

For Subscribers

FOR SUBSCRIBERSCBP leaders cut out of Trump ad buy decision

FOR SUBSCRIBERSAmerican passenger drafted goodbye texts to her family as Flydubai plane plummeted

FOR SUBSCRIBERSCornell rape allegation pushes embattled New York prosecutor into national spotlight

FOR SUBSCRIBERSAbdul El-Sayed tries to woo MAHA voters as Democrats seek inroads with RFK’s supporters

FOR SUBSCRIBERSKratom-like substances are popping up in a typically benign supplement

FOR SUBSCRIBERSGOP super PAC increases its spending for Sen. Jon Husted in tough Ohio race

FOR SUBSCRIBERSRecords reveal tumultuous marriage between slain New York Times executive and wife

FOR SUBSCRIBERSFrom clean energy warrior to ‘wall of shame,’ James Talarico reverses on a fossil fuel money pledge

FOR SUBSCRIBERSCongressional staff planned official trip with luxury stops in Italy and France weeks before election

FOR SUBSCRIBERSA harrowing ordeal aboard an Israel-bound plane

FOR SUBSCRIBERSOpenAI CEO Sam Altman to skip congressional hearing on rogue AI agents

FOR SUBSCRIBERSKey DOJ lawyers departed Trump ‘grand conspiracy’ probe amid pressure to produce, source says

FOR SUBSCRIBERSTrump’s new AI chatbot often links to a site launched under Clinton 26 years ago

FOR SUBSCRIBERSAt MAHA summit, industry CEOs the movement once vilified take the stage

FOR SUBSCRIBERSThis Paralympian has two goals: Win medals and give away $500,000 to her teammates

About Sharewell capital group, inc.

Sharewell Capital Group, Inc. is a publicly-traded holding company focused on acquiring controlling interests and making strategic investments primarily in the financial services industry. Sharewell intends to raise and invest significant permanent capital with a "duration agnostic" time horizon, in order to maximize shareholder equity and provide investors with continuous liquidity over time. 

For Subscribers

FOR SUBSCRIBERSCBP leaders cut out of Trump ad buy decision

FOR SUBSCRIBERSAmerican passenger drafted goodbye texts to her family as Flydubai plane plummeted

FOR SUBSCRIBERSCornell rape allegation pushes embattled New York prosecutor into national spotlight

FOR SUBSCRIBERSAbdul El-Sayed tries to woo MAHA voters as Democrats seek inroads with RFK’s supporters

FOR SUBSCRIBERSKratom-like substances are popping up in a typically benign supplement

FOR SUBSCRIBERSGOP super PAC increases its spending for Sen. Jon Husted in tough Ohio race

FOR SUBSCRIBERSRecords reveal tumultuous marriage between slain New York Times executive and wife

FOR SUBSCRIBERSFrom clean energy warrior to ‘wall of shame,’ James Talarico reverses on a fossil fuel money pledge

FOR SUBSCRIBERSCongressional staff planned official trip with luxury stops in Italy and France weeks before election

FOR SUBSCRIBERSA harrowing ordeal aboard an Israel-bound plane

FOR SUBSCRIBERSOpenAI CEO Sam Altman to skip congressional hearing on rogue AI agents

FOR SUBSCRIBERSKey DOJ lawyers departed Trump ‘grand conspiracy’ probe amid pressure to produce, source says

FOR SUBSCRIBERSTrump’s new AI chatbot often links to a site launched under Clinton 26 years ago

FOR SUBSCRIBERSAt MAHA summit, industry CEOs the movement once vilified take the stage

FOR SUBSCRIBERSThis Paralympian has two goals: Win medals and give away $500,000 to her teammates

FORWARD LOOKING STATEMENTS

Certain statements made by Sharewell, which are not historical facts, may be considered forward-looking statements, including, without limitation, statements as to trends, management's beliefs, expectations and opinions, which are based upon a number of assumptions concerning future conditions that ultimately may prove to be inaccurate. Such forward-looking statements are subject to risks and uncertainties and may be affected by various factors that may cause actual results to differ materially from those in the forward-looking statements.

CONTACT: Investor Relations Contact: Tammy Perry tammy@selahcommunications.com