DGAP-News: 3A Finance Group has finalized a binding letter of intent for a 12 million EUR funding with Commerce Financial Inc.
(firmenpresse) - DGAP-News: 3A Finance PLC / Key word(s): Miscellaneous
3A Finance Group has finalized a binding letter of intent for a 12
million EUR funding with Commerce Financial Inc.
22.09.2011 / 08:30
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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
PETRANIX Corporate and Financial Communications AG
Webereistrasse 31
8134 Adliswil
Tel: +41 44 385 80 24
Email: renzo.radice(at)PETRANIX.com
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
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139943 22.09.2011
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Datum: 22.09.2011 - 08:30 Uhr
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News-ID 68464
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Kategorie:
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