AWTM Signs Financing Agreement
13 September 2007 - 1:10AM
PR Newswire (US)
SOMERSET, N.J., Sept. 12 /PRNewswire-FirstCall/ -- AWT, Inc (Pink
Sheets: AWTM), a distributor of state-of-the-art medical equipment
to the healthcare industry, announced today that it has signed a
definitive agreement with Empire Equity Consultants, Ltd. for
institutional working capital equity financing of up to $750,000,
terms were not disclosed. "We spent over 5 months interviewing a
half dozen financing firms and found a true connection with the
folks at Empire," stated Christopher J. Neill, CEO. Furthering his
comments, "The financing required must be with reasonable terms and
delivered in a timely fashion, we feel Empire Equity is the group
that will fulfill our needs." The Company believes the timeliness
of this cash infusion for working capital purposes will
substantially increase shareholder value within the market. This
financing as described by the company, will be used not only for
general administrative purposes, but also as part of the companies'
acquisition terms for certain acquisition targets. Sources at the
company stated the revenue forecasts as well as bottom line profits
will increase notably as every in-process acquisition is finalized,
and integrated into AWT. Further cost efficiencies and corporate
strategy will be implemented and executed within each asset, so
they will yield the expected profitable results to the AWT
organization. Final documents for the closing of the first
acquisitions are anticipated to begin signing within 30-45 days.
ABOUT AWT INC AWT Inc, headquartered in Somerset, New Jersey, with
Distribution centers in the USA and Saudi Arabia, is a rapidly
expanding durable medical equipment and supply company. It
distributes state-of-the-art medical equipment to the healthcare
industry, as well as general supplies. AWT Inc is committed to a
more traditional personal service commitment to healthcare and cost
efficiency's for clients, providing superior service and products
to the healthcare world at the lowest possible price and with
delivery times superior to any in the industry. It is equally
committed to always exceeding customer expectations and to
increasing shareholder value. ABOUT EMPIRE EQUITY CONSULTANTS, LTD
Empire Equity, a privately held business consultancy serving the
emerging business community. Empire assists companies trading on
the pink sheets and bulleting board markets with locating
specialized financing to meet corporate needs. Empire's Consultants
bring to the client, decades of experience and success in the
financing of their own companies. The company's network of
successful business owners becomes a valuable addition to their
present clients. Disclaimer: CAUTIONARY STATEMENT ABOUT
FORWARD-LOOKING STATEMENTS The working capital financing described
in this press release has not been completed for AWTM at the time
of writing. The agreement calls for the financing to be raised on a
best efforts basis through Institutional Investors provided by
Empire. It is the intention of AWTM to work with Empire Equity,
Inc. to complete this financing on a best efforts basis, at its
earliest possible opportunity. If the financing is not completed,
no assurances as to the financial viability of the company are
possible. No guarantee can be made by the company as to if the
acquisitions mentioned herein will actually take place and close.
If the acquisitions do not close where AWTM has purchased,
acquired, or merged with said companies, actual results could
differ materially from those projected in the forward looking
statements. This press release contains "forward-looking
statements," which are statements related to future, not past,
events. In this context, the forward-looking statements often
include statements regarding our goals, plans, projections and
guidance regarding our financial position, results of operations,
market position, pending and potential future acquisitions and
business strategy, and often contain words such as "expects,"
"anticipates," "intends," "plans," "believes," "seeks" or "will."
Any such forward-looking statements are not assurances of future
performance and involve risks and uncertainties that may cause
results to differ materially from those set forth in the
statements. These risks and uncertainties include, among other
things, (a) general economic and business conditions, (b) the level
of strategic partner incentives, (c) the future regulatory
environment, (d) our cost of financing, (e) our ability to complete
acquisitions and dispositions and the risks associated therewith,
and (f) our ability to retain key personnel. These factors, as well
as additional factors, could affect our forward-looking statements.
We urge you to carefully consider this information. We undertake no
duty to update our forward-looking statements, including our
earnings outlook. DATASOURCE: AWT, Inc CONTACT: AWT, Inc, Investor
Relations, +1-732-246-2330 Web site: http://www.awtmid.com/
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