SAN CLEMENTE, Calif., May 31, 2012 /PRNewswire/ -- Elevate, Inc. (ELEV.OB), today announced the successful conclusion of the final round of its primary capital raise.
The company, which has been raising money through private equity placement for 12 months, received the last tranche of funding just prior to, and in preparation for, its may 15th Door Program launch.
"We've been building and fine-tuning our platform for a couple of years now," said Wright Thurston, Elevate CEO. "And, thanks to our visionary investors, who have provided the runway for us to gain speed, we are ready to take off."
The $1 Million that has been raised during this last round will fund ongoing recruiting efforts, inventory procurement, and increasing operational expenses that the company expects to incur during the next 12 months of rapid expansion.
Elevate provides data, voice, video, mobile and security solutions in 22 major markets through a network of independent Certifiable Geniuses.
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Certain statements, included in this release other than purely historical information, including: estimates, projections, statements relating to our business plans, objectives, expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements. Forward-looking statements are identified by the words "believes," "project," "expects," "anticipates," "estimates," "intends," "strategy," "plan," "may," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are based on current expectations and assumptions, and are subject to risks and uncertainties, which may cause actual results to differ materially from the forward-looking statements. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a materially adverse affect on our operations and future prospects on a consolidated basis include, but are not limited to: changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and changes in generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Further information concerning our business, including additional factors that could materially affect our financial results, can be found at our website www.goelevate.com, and in our filings with the SEC.
SOURCE Elevate, Inc.