ChineseInvestors.COM Secures a $1.5 Million Investment Commitment from an Institutional Investor
Published on Tuesday, 17 July 2012 10:33 Written by TradersHuddle Staff
ARCADIA, Calif., July 17, 2012 /PRNewswire/ -- ChineseInvestors.COM (OTCBB 'CIIX') announced today that its S-1 filing with the Securities and Exchange Commission became effective this past week, securing a $1.5M financing commitment from Kodiak Capital Group, LLC, a Delaware Limited Liability Company.
The Company's CEO, Mr. Warren Wang, noted, "I am very pleased to have this facility in place as it offers the Company (ChineseInvestors.COM and Chinesefn.com) access to additional funds that may be required in the future for various initiatives as well as operating capital. It also serves as a vote of confidence for our business as we expand our operations in opening a Call Center in Shanghai and work to finalize our 1st major consulting agreement with a Chinese based manufacturer in assisting them to become public on the OTCBB later in 2013."
The Company's COO, Mr. Brett Roper, added that "We believe that these new opportunities will generate a significant increase in revenue potentials as associated with our newly formed Corporate Consulting and Services Division. This new undertaking is designed to assist other China-centric companies in their efforts to become public on the OTCBB and/or other markets."
Ryan Hobson, President of Kodiak Capital Group, LLC, a Delaware Limited Liability Company, stated, "Kodiak is pleased to be a part of the Company's capital needs strategy and looks forward to providing funds as stipulated under the terms of the funding agreement."
Safe Harbor Statement
This press release may contain forward looking statements which are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues as well as any payment of dividends on our common and preferred stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in certain recent filings and reports by the Company with the U.S. Securities and Exchange Commissions (S1 Registration Statement) including but not limited to information as contained within the Company's most current quarterly reports, annual reports, and or other filings. Furthermore, the Company disclaims any intention or obligation to update or revise any such forward looking statements, whether as a result of new information, future events, or otherwise. We have incurred and will continue to incur significant expenses in our expansion into new related services and there is no assurance that we will generate revenues sufficient to offset those costs. Expansion may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations we will be providing services in; the impact of which cannot be predicted at this time.
- ChineseInvestors.COM Announces Improved 3rd Quarter Results
- ChineseInvestors.COM Announces Substantial Progress in the Development of its Public Company Strategies Advisory Business Unit
- ChineseInvestors.COM Announces the Signing of a Public Company Support Services Agreement with Clear Currents, Inc.
- ChineseInvestors.COM (OTCBB 'CIIX') Announces Several New Clients Including Medicine Man of Denver, a Dispensary and State-of-the-Art Growing Facility for Medical Cannabis
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