HOUSTON, April 7, 2014 /PRNewswire/ -- Top Shelf Brands Holding Corp, (a Nevada Corporation) (OTCBB: TEMN), today announced that it has signed a financing agreement for $5 Million with River North Equity, LLC, a private investment firm focusing on investing in small- and micro-capitalized public growth companies. "Securing a financing facility through an Institutional investor provides management with great leverage as our business plan is implemented," said Alonzo Pierce, CEO of Top Shelf Brands Holding Corp. "Management can draw down on this financing at any time giving the flexibility to make strategic decisions on growing our business," continued Pierce.
We anticipate using these funds for acquisitions, and other business activities that will directly result in generating revenue and earnings. This credit facility will not be used for working capital or corporate overhead. We currently have enough cash on hand to tactically move our business plan forward.
Top Shelf Brands Corp is establishing itself to be a premier manufacturer and distributor of the highest quality distilled spirits both domestically and globally. We look forward to announcing more news as we move our business plan forward.
This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate," "projected," "planned," "forecasted" and similar expressions are intended to identify forward-looking statements, which are, by their very nature, no guarantees of Team Nations Holdings Corporation, Inc.'s future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Top Shelf Brands Holding Corp