Send2Press Newswire
Fri, 03 Feb 2012 19:11:42 GMT
Combine 40 - From Athletic Fields to The Roadways
MIAMI, Fla., Jan. 16, 2012 (SEND2PRESS NEWSWIRE) -- Have you ever attended a Sports Combine, or even know what a Combine is? Well if your answer is no, don't worry you soon will, maybe even have your own Combine, Combine automobile that is. Combine Motor Works, Inc., a Miami based company, is now looking to partner with the right auto manufacturer to help bring the Combine 4.0 auto into reality.
What's in a name? Practically everything is in a products name. Sports Combines are very well known today, the word Combine is synonymous with words like Athletics, Speed, Performance and Agility, just to name a few. A Sports Combine is one of the most exciting events today connected with sports. There are now Combines in all sports, the main and most recognized Combine today is the annual NFL Combine which has a direct link to the NFL Draft. Whether it's a youth Combine, High School, College or Professional Combine, the main event is always the 40 yard dash. "The Combine 40" is a very familiar term and will give instant name recognition to the Combine 4.0 automobile.
According to Emory Williams, company President and CEO, "We were in talks with a foreign manufacturer and very close to a deal, but the group wasn't fully understanding the magnitude of what we had on the table. They were looking to manufacture a weak version of what we had presented to them, not realizing the full concept of Combines and the class of consumers the auto would attract by its name alone. Knowing this would not be the right union, we decided to walk away and continue the search."
Combine Motor Works has secured trademark rights to the name and is looking to have one of the finest automobiles in the world, nothing less. With the exposure of athletic Combines today, the "Combine 4.0" will have an immediate consumer following which will include athletes of all sports, professional and non-professional, die-hard sports fans, and the consumer who buys what's new just to make a statement.
Athletes work and train very hard preparing for their presence at the Combines, we are putting forth the same efforts to make the Combine 4.0 automobile one of the finest on the market today. "Great driving dynamics, good weight distribution and maneuverability are some of the areas we will pay close attention to, not to mention a roomy plush interior, comfort and style," added Williams.
Being available in two design classes, sports coupe and SUV, the Combine 4.0 will be tagged as the "True American Sports Car."
Says Williams "We will now continue making contacts with various manufacturers, looking for the right union. We know that once certain consumers see the Combine 4.0 on the car lot, they won't leave without it."
More information: www.combinemotorworks.com / www.combine40.com .
NEWS SOURCE: Combine Motor Works, Inc.
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2012 Neotrope® News Network - all rights reserved.
TAGS: Combine Motor Works, Inc., Auto and Motorsports, Send2Press.
Mon, 16 Jan 2012 15:34:48 GMT
Drumbeat Networks Grows with New Investment
BUFFALO, N.Y., Dec. 19, 2011 (SEND2PRESS NEWSWIRE) -- Drumbeat Networks, a Buffalo, N.Y.-based service provider of digital lifestyle services, including internet, video and voice services to the multi-family industry, announced today that it has completed its second round of funding.
Officially launched in December 2010, Drumbeat successfully raised seed capital from a strategic partner to begin operations. Using contacts and knowledge garnered from the founder's previous company, Rocket Broadband, Chris Bellacose and Clayton Baumann quickly grew Drumbeat Networks. One year later, a second cash injection is propelling the new company to new heights. With a large pipeline and substantial backlog buoying the company, the capital raise was initiated and completed within 90 days.
"The additional funding and ongoing commitment of our investor group to continue to fund organic and strategic opportunities are going to be the keys to our success," said Chris Bellacose, Executive Vice President, Marketing & Sales.
The new round of funding was facilitated by Attract Capital who saw the opportunity and helped convey that vision to the investment group.
"By powering a finance-rich solution for Drumbeat, we were able to accelerate their growth in a rapidly growing industry. They are one of the up and coming, technology growth companies in New York State," stated David Barnitt, Principal at Attract Capital.
Upon closing, Drumbeat began putting the funding to work. The company immediately initiated relationships with two additional Management Groups, First Prise Properties and Barrington Residential in its home town base of Buffalo, N.Y. The newly signed agreements double the size of the business by adding almost 1,600 units to the portfolio.
"Our explosive growth is allowing us to leverage economies of scale and bring on dedicated resources to make our company more efficient and robust," observed Clayton Baumann, Executive Vice President of Operations.
For more information, please contact Chris Bellacose at (716) 986-9600, or visit www.drumbeatnetworks.com .
About Drumbeat Networks:
Drumbeat Networks headquartered in Buffalo, New York is a provider of comprehensive digital lifestyle media and telecommunications solutions (triple play media services) for multi-dwelling units (MDUs). Led by a team of industry veterans, Drumbeat Networks prides itself on offering flexible tailor-made solutions through strong project management and property specific solutions customized for each property and their resident makeup. Visit www.drumbeatnetworks.com for more information.
About Attract Capital:
Attract Capital, LLC is a corporate finance boutique located in Long Island, New York. As a market leader in raising growth capital for New York State business, Attract Capital assists private companies acquire power finance-rich solutions to support growth, acquisitions and buy-outs. Additional information can be found at www.attractcapital.com .
NEWS SOURCE: Drumbeat Networks
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2011 Neotrope® News Network - all rights reserved.
TAGS: Drumbeat Networks, Telecommunications and VoIP, Send2Press.
Mon, 19 Dec 2011 18:59:31 GMT
Merchant Cash Advances Expected to Increase in 2011 Holiday Season
CORAL SPRINGS, Fla., Dec. 8, 2011 (SEND2PRESS NEWSWIRE) -- With the expectation of small business loan financing to remain bleak into the upcoming holiday season, merchants and small business owners will be seeking out alternative means of working capital for the Christmas rush, expected to result in an increased demand for merchant cash advances from financing sources like BusinessCashAdvance.com.
A gap in the credit market has made financing for many small business owners a challenge. Accessing credit for payroll, inventory, taxes, and other necessary expenses is absolutely vital to many of the small businesses looking to capitalize on the increased consumer spending during the holiday season.
Expected seasonal shopping trends create an even more urgent need for fast short term working capital.
"Merchants expand store hours, stock more products, and increase their marketing budgets for the holiday season. Traditional forms of business financing, loans and lines of credit are not readily available. Our merchant cash advance program provides a solution," Explained Larry Yazen, merchant cash advance financing specialist.
The merchant cash advance program offers small business owners the ability to apply and get business funding up to $500,000 in a very short time. The cash advance program is not a loan. Financing is based on future sales making the cash advance program perfect for businesses that are counting on increased seasonal spending in their stores. Unlike small business loans, even high risk businesses and businesses with poor credit can obtain funds.
BusinessCashAdvance.com has prepared its business for this seasons expected increase in merchant financing requests and is dedicated to providing business owners with a viable alternative to small business loans.
About BusinessCashAdvance:
Founded by financial professionals, Business Cash Advance provides cash advances for small business. For more information or to apply visit http://www.businesscashadvance.com or call 866-411-0606.
NEWS SOURCE: BusinessCashAdvance
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2011 Neotrope® News Network - all rights reserved.
TAGS: BusinessCashAdvance, Banking and Finance, Send2Press.
Thu, 08 Dec 2011 14:48:00 GMT
Calton, Inc. Announces Change of Corporate Name, Completion of Private Placement and Other Developments
FORT LAUDERDALE, Fla., Nov. 18, 2011 (SEND2PRESS NEWSWIRE) -- Calton, Inc. (CTON.PK / PINK:CTON) announced today that The Company has raised $600,000 in a private offering of Common Stock and The Company's corporate name has been changed to Second Street Capital, Inc.
The Company also announced that:
- A new Board of Directors and management team has been appointed.
- Second Street Capital's primary business focus will be to operate as a specialty finance company providing asset based lending to small businesses, export trading companies and small and medium sized homebuilders and developers.
- The Company effected a one-for-ten reverse split of its Common Stock effective November 18, 2011.
The Company's new Chairman and Chief Executive Officer, Kyle E. Meyer, acquired shares of the Company's outstanding Common Stock pursuant to the private placement. Anthony J. Caldarone, who served as the Company's President and Chief Executive Officer until the completion of the private placement, also purchased shares of Common Stock in the transaction.
The Company's Board of Directors now consists of Mr. Meyer, Mr. Caldarone, George Henderson and Maria F. Caldarone, who has served as an Executive Vice President of the Company since September 2002 and will continue in that capacity. Other members of the management team include Thomas Lunak, who will serve as President and Chief Operating Officer, Jack Rodgers and John Bock, who will serve as Executive Vice Presidents, and Laura Camisa, who has been appointed Chief Financial Officer. Ms. Camisa previously served as the Company's Chief Financial Officer from April 2004 through September 2007.
Certain information included in this press release and may contain forward looking information that is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from expected results. Among these risks, trends and uncertainties are the Company's ability to raise capital, risks associated with the Company's new business plan, national and local economic conditions, including conditions in the homebuilding and construction industry, conditions and trends in the real estate industry in general, changes in interest rates and other factors.
Docs #878665-v1
For more information, contact:
Kyle E. Meyer
Chairman and Chief Executive Officer
Second Street Capital, Inc.
(954) 848-6250
Or for more information, visit: http://www.secondstreetcap.com .
NEWS SOURCE: Second Street Capital, Inc.
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2011 Neotrope® News Network - all rights reserved.
TAGS: Second Street Capital, Inc., Public Companies, Send2Press.
Fri, 18 Nov 2011 16:59:26 GMT
Montebello's Short Term Borrowing is Sold and Closed - City Continues Moving Forward on Pro-Growth Plan
MONTEBELLO, Calif., Nov. 10, 2011 (SEND2PRESS NEWSWIRE) -- Montebello's $2.5 million Tax and Revenue Anticipation Notes (TRANs) closed today - marking a milestone towards the City's ability to continue improving its operations.
Approved by City Council in late August, TRANs raised $2.5 million in short term borrowing from private investors to meet near-term cash flow demands rather than resorting to drastic budget cuts that would have limited city services and threatened the city's economic recovery.
Montebello's Interim City Administrator Larry Kosmont has released a comprehensive management report on the city's website that outlines a clear plan for the city's future. Kosmont said, "With the TRANs closing, we can move forward with this report as a blueprint for the future of Montebello. It will continue to improve operations and be part of the city's ongoing recovery plan. Restoring the city's reserves is pursuant to a 5 year plan."
The closing comes at the heels of TRANs' MIG2 rating from Moody's Investors Service on October 21. The MIG2 rating improved the marketing of TRANs to investors and has removed the negative outlook on the city's long-term ratings. Montebello's costs of issuance for the TRANs will total $160,000. The interest paid from today to June 21, 2012 will be $74,434.
Among other considerations, Moody's noted 2011 improvements to the city's General Fund balance sheet, as well as the city's favorable projections for the General Fund closing cash balance for June 30, 2012.
"Moody's acknowledged the city for making significant improvements to the budgetary balance in 2010-11. The 2011-12 adopted budget remains in balance, with an expected General Fund surplus, which if realized, can help expand Montebello's operating capacity," stated Montebello's Financial Director Francesca Tucker-Schuyler.
The rating improvement was significant in the marketing of the TRANs to investors. After two months of discussions with various mutual funds investors, credit rating concerns and discouraging media coverage derailed the TRANs close in late September. However, since the upgraded rating, Citigroup placed the $2.5 million of TRANs with two investors at an interest rate of 4.85%. It sold, closed, and funded to institutional quality investment funds managed by Oppenheimer Funds.
In addition to the TRANs, other key developments include the California Department of Finance approving Montebello's redevelopment agency appeal to lower its annual tax increment payment to the state-saving the City almost $1.24 million in payments to the state and increasing available funds for further economic development.
More information on the City of Montebello: http://cityofmontebello.com .
NEWS SOURCE: City of Montebello
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2011 Neotrope® News Network - all rights reserved.
TAGS: City of Montebello, Economic Development, Send2Press.
Thu, 10 Nov 2011 16:54:29 GMT
|
