Artificial Life Source Holding PLC
Artificial Life Source Holding PLC secures 50 Million Euro in Equity Funding
Artificial Life Source Holding PLC / Key word(s): Miscellaneous 05.12.2011 / 13:45 --------------------------------------------------------------------- Artificial Life Source Holding PLC secures 50 Million Euro in Equity Funding Berlin, December 1, 2011 -- Artificial Life Source Holding PLC (www.alife-source.com) announced today that it has secured a Euro 50 Million equity funding from Deutsche Capital Partners AG. With a focus on key industries that are facing scarce human resource issues, Artificial Life Source Holding PLC with its subsidiaries, a network of researchers and innovators have utilized a combination of intelligent resources to develop a customizable system, dedicated to creating an alternative resource that services three specific industries, one at a time. The industries include, Lifestyle Entertainment, Home-care and Healthcare. Artificial Life Source Holding PLC (with its global brand of ALIFE(R)) is based in Berlin, Germany. With this move, it aims to carry the strategic image of high quality German made products with all of its systems. 'This is well-planned as our major markets are in Asia, and it has already been well-crafted into most Asian mindsets that German made products stand for reliability and high quality, especially when it comes to engineering and industrial innovation.' explained the Group's CEO, Mr Devan Nair. Artificial Life Source's set of Intelligent Solution The most pressing issue facing these three key industries; Lifestyle Entertainment, Home-care and Healthcare, is the shortage of skilled human resources. And because the human factor plays a crucial role in its facilitation, further deterioration could ultimately result in the industries' destruction. On the topic of the agreement, the Group's CEO, Mr Devan Nair commented, 'The 50 million Euro funding agreement has enabled the company to utilize its shares to obtain both cash flow and the required funds to further develop, grow and expand our range of intelligent products for the different industries, and to make a difference to the consumer's lifestyle. We have since our establishment, grew our capital over the period of 4 years, to over 100 million Euro. We are happy that Deutsche Capital Partners AG is committed to meeting the funding needs of Artificial Life Source Holding PLC.' With this funding perfected with the timely arrival of the opportunity to work with institutional investors and partners to launch their products and solutions into the huge Asian and European market, Artificial Life Source's success is ensured. Artificial Life Source's executive board is looking at strategic mergers and acquisition of key resource companies with synergistic development ability, to ensure that the company continue its growth as a market leader, and in securing a sufficiently large portion of the wealthy Asian consumer estate. DCP spokesperson Markus Hoff added that, 'Artificial Life Source Holding stands out as one of the few A.I. firms in pace with the trend of converging life and technology. Convergent technologies are disruptive and profitable industries, especially those that can be achieved in the near future. It is a pleasure for Deutsche Capital Partners to be considered for financing this very exciting opportunity, which could most potentially be the next Toshiba, Microsoft, and Electronic Arts all in one. Through the consortium of partners who are focused on fast equity capital and financing firms, we intend to meet obligations and produce positive results for Artificial Life Source Holding PLC. ' About Deutsche Capital Partners AG (DCP) Deutsche Capital Partners A.G. is a private capital firm which funds its own capital positions within firms or through capital instruments by financing publicly traded firms on the Frankfurt Stock Exchange (FSE Listings). For information on Deutsche Capital Partners AG go to www.deutschecapitalpartners.com. About Artificial Life Source Holding PLC: ARTIFICIAL LIFE SOURCE HOLDING PLC Douglas, Isle of Man International Securities Identification Number (ISIN): IM00B42CVB98 German Securities Identification Number (WKN): A1JJ5H Frankfurt Symbol: ALF With offices in: Artificial Life Source Holding PLC Kurfürstendamm 30, 10719 Berlin, Deutschland TEL: +49-30-886200-117 FAX: +49-30-886200-200 Artificial Life Source Pte Ltd (Singapore) 21 Bukit Batok Crescent, WCEGA Tower, #11-71 Singapur 658065 TEL: +65-6629-0028 FAX: +65-6629-0026 Artificial Life Source Co. Ltd (Korea) 425-dong, Gangnam-gu, Tehran divine Building, Seoul Korea TEL: +82-02-3468-3886 FAX: +82-02-564-7798 End of Corporate News --------------------------------------------------------------------- 05.12.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 148644 05.12.2011
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