Upholstery International Inc. Secures a $10 Million USD Equity Investment Agreement From Private Equity Investment Firm Lambert Private Equity LLC

CHICAGO, Jan. 28, 2014 /PRNewswire/ -- Upholstery International Inc., (the "Company") has entered into a USD $10 million equity subscription facility with a leading private equity investment firm, Lambert Private Equity LLC (the "Investor"). The company plans to list initially on the OTCQX Premier or equivalent exchange.

Upholstery International Inc. is a multifaceted full-scale upholstery operation led by Ken Kovie, President and Chief Executive Officer of the company. Mr. Kovie has more than 30 years' experience in the upholstery industry and has extensive and expansive plans for the company. "I feel that now is the time to strategically expand into areas that make the most sense for us. We have a very aggressive roll-up plan in place for 2014 and I know we have the team in place to implement it. The Upholstery Industry has always been a strong market for us. We found that even in the toughest economic times, people still want to update, fix or replace Upholstery Fabrics."

The company may draw on the facility from time to time, as and when it determines appropriate in accordance with the terms and conditions of the Investment Agreement. The maximum amount that the company is entitled to put to the investors is no more than $1,000,000 per draw down notice. Per the agreement, the company agreed to issue 200,000 shares of common stock to the investor with an option to purchase an additional 4,000,000 shares of common stock.

Daniel Gallagher, an officer with the company stated, "This funding agreement with Lambert Private Equity LLC serves as a catalyst for Upholstery International to begin its acquisition "roll-up" growth strategy by enabling the company to now aggressively lock in new acquisition targets such as other Upholstery Related companies, fabric manufacturers, furniture outlets as well as auto fabric repair. This is truly a very exciting time for us."

Upholstery International, Inc. is now aggressively pursuing additional strategic acquisitions to enhance shareholder value and seeking companies in the Upholstery Related, Fabric, Furniture and Auto sector with the following criteria:

• Minimum EBITDA of USD $2 Million  
• Fully audited financials or able to be audited quickly

For further information please contact:

Upholstery International, Inc.
Corporate Office: 8005 W. 183^rd St, Ste E
                         Tinley Park, IL 60487
                         800-219-9438

About Joseph Lambert: Lambert Private Equity LLC

http://www.lambertfunds.com 

Lambert Private Equity LLC invests, through its unique equity and equity-linked structures, in publicly traded companies around the globe.

Lambert Private Equity LLC generally looks to invest amounts from $10 million up to $500 million directly into listed companies for a variety of activities including working capital, accretive EBITDA acquisitions and other growth opportunities.

Lambert focuses on equity investments in public companies as well as private companies that will be listed on a securities exchange within six months of a funding commitment.

Lambert Private Equity LLC has no outside investors and is considered a private group run by its principals, similar to a merchant bank that invests its own capital and as such is seeking capital appreciation through the identification and funding of growth companies.

Lambert Private Equity LLC is not an underwriter and the funding it provides is based on specific terms and conditions, including the price and volume of the company's shares once the company is publicly listed. Lambert Private Equity LLC does not provide volume, liquidity, investor relations or public relations services. Contact: LambertFunds (at)gmail(dot)com

Forward Looking Statements:  The information in this press release contains "forward-looking statements" and are inherently susceptible to uncertainty and changes in circumstances. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often include words such as "anticipates," "estimates," "expects," "intends," "objective," "believes" and words and terms of similar substance in connection with discussions of future operating or financial performance. The Company's forward-looking statements are based on management's current expectations and assumptions regarding the Company's business and performance, the economy and other future conditions and forecasts of future events, circumstances and results. The Company's actual results may vary materially from those expressed or implied in its forward-looking statements. Important factors that could cause the Company's actual results to differ materially from those in its forward-looking statements include government regulation, economic, strategic, political and social conditions and other associated factors.

SOURCE Upholstery International Inc.