IJJ Corporation (IJJC) Announces Today the Execution of a Conditional Commitment Letter Offering to Fund Working Capital at $...
29 March 2012 - 2:17AM
IJJ Corporation (IJJP.PK) sent the following announcement it has
signed a Conditional Commitment Letter from an undisclosed
investment group intending to provide the company with $10 Million
USD in working capital. The loan is a non-dilution loan based only
on simple interest and principle payments over a term of 10 years.
All of the terms and fees of the financing have been agreed upon
for funding our Disaster Shelter Management and Responder System
(DSMRS).
The funding is for the deployment of DSMRS. In March of
2012, after several months of determination to position IJJC for
funding, IJJC's president was able to achieve a major milestone in
the history of IJJC by executing an engagement to acquire funding
and management support services to finance the deployment of a
State Of Art facility to support manufacturing, integration,
software development and a customer support service operations.
The investment is also a partnership arrangement not only to
provide the above operation requirements, but to financing the
establishment of on-going funding requirements to assist IJJC in
business expansion, to increase its assets and developing scalable
capabilities to capture market share as outline in our business
plan. This investment will fund our Go-To-Market plan; a plan
that when implemented will make IJJC one of the first to bring an
integrated Mobile Disaster Preparedness and Readiness Solution to
the Federal, State, local governments and commercial
industries.
"IJJC is committed to becoming an internationally recognized
brand in less than five to seven years. IJJC has done the
necessary research and development and is poised to deliver a
robust yet highly unique disaster preparedness and first responder
solution to the market. IJJP looks forward to building a long
relationship with our investor and with our efforts to add real
company value. IJJP will continue to update its shareholders and
the investment community, as it looks toward to improved relations
in the near future," stated Clifford Pope, President, and CEO of
IJJ Corporation.
For more information on IJJ Corporation, please visit:
www.ijjc.com
About IJJ Corp.:
IJJ Corp. is a Diversified Technologies company focused on
developing high tech solutions for the government and the private
sector to provide rapid decisions through information processing.
The Company's technologies include: Voice, Data and Video Rapid
Conferencing Solutions; Disaster Shelter Recovery Systems; Mobile
Disaster Management Systems; Medical Hospital Advisor Systems; IT
Management and Consulting Services; Secure Data Center Services;
Network Operation Centers; and Enterprise Management Power Suites.
The Company's objective is to continue to develop and integrate
services and products in order to provide the most comprehensive,
cutting edge, turnkey solutions to its clients.
Safe Harbor Statement:
The information posted in this release may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. You can identify these
statements by use of the words "may," "will," "should," "plans,"
"expects," "anticipates," "continue," "estimate," "project,"
"intend," and similar expressions. Forward-looking statements
involve risks and uncertainties that could cause actual results to
differ materially from those projected or anticipated. These risks
and uncertainties include, but are not limited to, general economic
and business conditions, effects of continued geopolitical unrest
and regional conflicts, competition, changes in technology and
methods of marketing, delays in completing various engineering and
manufacturing programs, changes in customer order patterns, changes
in product mix, continued success in technological advances and
delivering technological innovations, shortages in components,
production delays due to performance quality issues with outsourced
components, and various other factors beyond the Company's
control.
CONTACT: Investor Relations
Phone: 240-938-7073
Email: Investor.Relations@ijjc.com
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