3A Finance PLC
3A Finance Group has finalized a binding letter of intent for a 12 million EUR funding with Commerce Financial Inc.
3A Finance PLC / Key word(s): Miscellaneous Media Release: 3A Finance Group has finalized a binding letter of intent for a 12 million EUR funding with Commerce Financial Inc. London/Zürich, 22 September 2011 – 3A Finance PLC is pleased to announce that it has signed a binding letter of intent with Commerce Financial Inc. for a 12 million EUR funding. Commerce Financial, Inc. (CFI) is a recognized leader in commercial finance in the United States (http://www.commercefinancialinc.com). It is leading the way in commercial lending of all types, including Commercial Real Estate Loans, Equipment Leasing, Sale Leasebacks, Heavy Equipment Leasing, Heavy Equipment Financing, Medical Financing, Accounts Receivable Financing, Factoring, Bridge and Hard Money Loans, SBA Financing, Business Acquisition Financing, Hotel Financing, Stock Loans, Portfolio Liquidations, Private Equity, Joint Ventures and more. CFI works with small, medium, and large size businesses and have a broad portfolio of financial products to provide the capital to the clients’ need. Composed of a group of certified, highly experienced financial professionals, CFI is at the forefront of the commercial finance industry. This funding opportunity is bound to certain achievable milestones to be reached by 3A, it gives 3A access to six (6) Million Euros funding per annum and a total of twelve (12) million Euros funding in two (2) years. The proceeds will be used in completing and launching 3A’s financial products, in promoting and marketing 3A’s products and services, in setting up 3A’s divisions in Frankfurt, Casablanca and Tunis, in completing strategic acquisitions on the target markets. ‘I am very ecstatic and pleased to have a funding deal in place with CFI’ Stated Joseph Bourne, Chief Strategic Officer of 3A Finance. He continued: ‘With this funding 3A will be able to aggressively pursue its business plans without hindrance and obtain a sure-footed position on the emerging markets of Africa and the Middle East’ ‘It is a great pleasure to be working with 3A Finance’ stated Marlo Barge, Chief Executive Officer of CFI. He added: ‘We have seen 3A’s potential and we have immediately decided to provide the necessary funding for 3A Finance to grow and develop its business undertaken’, and concluded: ‘the committed total amount of twelve million Euros is for the total period of 2 years and 3A Finance can access 50% of the sum in the first year in accordance with pre-set achievable milestones.’ 3A Finance PLC 3A Finance PLC is a holding company concentrating on the niche markets of Africa and the Middle East. The Holding core business is to invest into innovative companies in several sectors: Financial, Telecom & Networking, Technology & Internet and Green Energy. The company is intending to follow an aggressive growth scheme and is prepared to acquire strategic candidates to enhance its inorganic growth. (Ticker symbol: 3AM, WKN: A1JFJA, ISIN: GB00B3X7DR65). For further information please contact: Renzo Radice Safe Harbor Statement; under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward- looking statements, including, but not limited to, certain delays beyond the company’s control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission. End of Corporate News 22.09.2011 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 |
139943 22.09.2011 |