ISM International receives $10M in funding
CLEARWATER, Fla., May 18, 2012 /PRNewswire/ -- ISM International, Inc. (Pink Sheets: ISML) is announcing that they have reached an agreement with a private investment group for 10 million dollars in cash funding spread out over the next 24 months.
Four years in the making, this deal enables ISM to expand immediately. Terms of the deal are confidential, but will not result in any common shareholder dilution. ISM International will show a balance sheet item of $10M, which increases the resultant value of ISML stock based on cash value by approximately thirty cents.
"We are raising our revenue projection from the MyGirl™ product line following the receipt of this funding and that is a great step forward for the company," states Mario Quenneville, CEO of ISM International "These funds enable ISM to immediately speed up the manufacturing and distribution nationwide of MyGirl™ products. Additionally, we will be able to work, develop, and complete our new green energy technology. The net result is additional job creation, which is one of my primary objectives as a corporation. Funding has already been made available and the company has already moved forward to utilize the money to begin production. We appreciate the diligence and belief of the investor group in our company and appreciate our shareholders sticking by us as we have worked to provide this capital injection. I'm confident that the MyGirl™ products will thrill consumers throughout the United States "
Contact: Mario Quenneville, 727-542-0700, firstname.lastname@example.org
ISM International is a majority owner of a number of small businesses including a Flea Market / Mini-Stores complex and Instigator Film studio, is a developer of organic non-toxic products for consumers, and is actively seeking to grow to meet demand within its trademarked products: MyGirl, Superwipes, SwatBra, GotchaGps, and BioSolvant. Company Website: http://www.isml.us
Safe Harbor Statement
This press release contains forward-looking statements. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as its future results of operations and financial condition. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of information, future events or otherwise.
SOURCE ISM International, Inc.