SACRAMENTO, Calif., Aug. 6, 2015 /PRNewswire/ -- Intelligent Highway Solutions, Inc. (OTCQB:IHSI), confirms it has entered into a Private Equity Line Financing for up to $5,000,000.00, subject to terms and conditions.
"This news is great for our shareholders and the timing is perfect," said Devon Jones, CEO of IHSI. "This type of financing is excellent for our company because it has no downward convertible mechanism and it gives us what we need to accelerate the execution of our business plan."
About Intelligent Highway Solutions, Inc.
Intelligent Highway Solutions, Inc. was formed in April, 2011. IHSI develops high and low voltage electrical solutions for a variety of platforms. The company performs electrical installations, temperature control systems, communication and wireless integration and advanced lighting systems.
Forward Looking Statements: Any statements contained herein that are not historical facts are forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made subject to certain risks and uncertainties, which could cause actual results to differ materially from those presented. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only to the date such information was released. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after release of this information.
Devon Jones, CEO
Intelligent Highway Solutions, Inc.
SOURCE Intelligent Highway Solutions, Inc.