California Grapes International, Inc. Receives $10,000,000 Reserve Equity Financing from AGS Capital Group
12 Avril 2012 - 10:30PM
Business Wire
California Grapes International, Inc. (OTCPINK: CAGR) a leading
provider of full service export, marketing, promotions,
distribution and sales for the CA Wine Industry internationally,
confirms it has now received a $10,000,000 in Financing from AGS
Capital Group, LLC a US based specialist investor group to fund
operational expansion in China.
The AGS “REF” program is a long term strategic financing
partnership that places “CGI” in control of how and when we raise
equity, minimizing any potential dilution or disruption to our
capital structure. “CGI” has the discretion to periodically sell
common shares when the prices are attractive to do so. “CGI”
decides when the funds are raised and how the funds are utilized.
Having AGS Capital Group, LLC as a long-term partner reduces
financing uncertainty, so we can better focus on achieving our
business objectives.
In accordance with the agreement, “CGI” has retained the New
York Law firm of Nannarone & McMurdo, LLP to file a
registration statement on Form S-1 with the Securities and Exchange
Commission. Following the effectiveness of the registration
statement, “CGI” intends to become fully reporting with the SEC and
seek uplifting of its common stock listing.
“We are very excited to both invest in and partner with
California Grapes International, Inc. Given CGI’s tremendous
potential and positioning within the marketplace, the Reserve
Equity Financing will provide CGI growth capital at a competitive
cost,” – Allen Silberstein – CEO AGS Capital Group, LLC.
“The security of the funding commitment from AGS provides a
foundation to ensure the future of CGI. As we continue to pursue
new opportunities for growth and expansion, we now have a financial
partner with the experience, strength and resources needed for the
international markets we plan to expand into!” – Jeffrey Crittenden
– CEO California Grapes International, Inc.
About AGS Capital Group, LLC
AGS Capital Group provides flexible equity financing solutions
for growth-stage and mid cap public companies as well as private
companies looking to go public. AGS Capital Group invests in public
companies around the world listed on most exchanges. AGS Capital
Group performs fundamental analysis including credit risk,
technical analysis of market trends and industry, evaluation of
management team experience and corporate structure evaluation.
Additional information may be found at www.agscapitalgroup.com.
Safe Harbor Statement
Information in this press release may contain 'forward-looking
statements.' Statements describing objectives or goals or the
Company's future plans are also forward-looking statements and are
subject to risks and uncertainties, including the financial
performance of the Company and market valuations of its stock,
which could cause actual results to differ materially from those
anticipated. Forward-looking statements in this news release are
made pursuant to the 'Safe Harbor' provisions of the United States
Private Securities Litigation Reform Act of 1995.
California Grapes (CE) (USOTC:CAGR)
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