March 10 (Reuters) - Auctus Investment Group Ltd AVC.AX :
* AGREED TO TAKE AN INITIAL 9.9% STAKE IN ODYSSEY GROUP LIMITED
* AUCTUS' MANAGING DIRECTOR, CAMPBELL MCCOMB, WILL BE APPOINTED TO ODYSSEY BOARD
* SUBJECT TO REGULATORY APPROVAL, AUCTUS WILL INCREASE ITS HOLDING IN ODYSSEY TO 20%
* INITIAL INVESTMENT FUNDS WILL BE USED AS WORKING CAPITAL BY ODYSSEY AS IT CONTINUES TO GROW ACROSS ASIA
* CO CAN MOVE TO 100% CONTROL OF ODYSSEY OVER A STAGGERED 2-YEAR PERIOD