K2 Design & Strategy, Inc. Secures a $45 Million USD Equity Investment Agreement from Private Equity Investment Firm Lambert Private Equity LLC
CHICAGO, April 16, 2014 /PRNewswire/ -- K2 Design & Strategy, Inc., (the "Company") has entered into a USD $45 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 OTCBB or equivalent exchange.
K2 Design & Strategy, Inc. is an advanced analytics & digital innovation company; bringing advanced technologies to market which enhance performance of high stakes teams in complex business environments. The company is led by George C. Pell, Founder, Principal and CEO of the company. Mr. Pell brings over 20 years of success in digital innovation, technology strategy, executive consulting, and performance strategy for many of the largest corporations in the world.
Mr. Pell shared, "Having Lambert Private Equity as a strategic partner enables our team to develop some of the most advanced technologies in the world; while initiating an entirely new market segment specializing in optimal potential for the high stakes enterprise."
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 $4,000,000 per draw down notice. Per the agreement, the company agreed to issue 128,572 shares of common stock to the investor with an option to purchase an additional 6,428,572 shares of common stock.
Dr. Mishe Harvey, the Chief of Innovation & Strategy for the company stated, "This funding agreement with Lambert Private Equity LLC serves as a catalyst for K2 Design & Strategy to begin its acquisition "roll-up" growth strategy by enabling the company to now aggressively lock in new acquisition targets. This is truly a very exciting time for us."
K2 Design & Strategy, Inc. is now aggressively pursuing additional strategic acquisitions to enhance shareholder value and seeking companies in the software development, mobile technology, or cloud computing sectors with the following criteria:
- Minimum EBITDA of USD $2 Million
- Fully audited financials or able to be audited quickly
For further information please visit www.k2-ds.com, or contact:
K2 Design & Strategy, Inc.
Corporate: 800-501-2057
Mailing Address
9654 W. 131st St. #202
Palos Park, IL 60464
About Joseph Lambert: Lambert Private Equity LLC
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: [email protected]
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.
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SOURCE K2 Design & Strategy, Inc.
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