KS International Holdings, Inc. Announces $30,000,000 Firm Commitment Public Offering
26 Março 2014 - 8:35PM
Business Wire
KS International Holdings, Inc. (OTC Pink: KSIH) (the "Company")
announced today it has signed two investment banking agreements
with a leading New York-based investment banking firm to assist in
acquisition financing and public offering.
The investment banking firm, founded in 1925, is one of the
oldest in the United States, a member of the New York Stock
Exchange and a full-service broker-dealer employing over 500
people. The firm manages two Morningstar-rated mutual funds, with
five offices throughout the country, over 70 retail brokers, over
10 research analysts and a pair of institutional desks trading for
800 institutional clients throughout the world.
Under the first agreement, the Company has retained the
investment banking firm as its exclusive placement agent and
financial advisor in connection with acquisition financing of up to
$30,000,000 in debt. The Company must meet various terms and
conditions, which it believes are reasonable and attainable in due
course of business of this type.
The second agreement is a $30,000,000 firm commitment
underwritten public offering on a major exchange (AMEX or NASDAQ)
represented by the investment banking firm. The planned public
offering is subject to the Company's successful auditing and
acquisition of its current target businesses.
The Company's Director and CEO, Pun Mo Chung, said, "We are very
pleased to establish this relationship with such a prestigious New
York Stock Exchange member firm, which confirms and validates our
business plan. We expect the assistance of this well established
investment banker to accelerate our growth strategy through
acquisitions and with their assistance, move to NASDAQ or AMEX. We
have launched an aggressive acquisition program, with our internal
due diligence completed on some and beginning on several new
acquisition targets. Our management believes we can satisfy the
conditions in both investment banking agreements and continue our
new journey as a Public Holding Company."
About KS International Holdings Corporation
KS International Holdings Corporation is a development stage
company that invests in various cloud-based Internet Technologies.
The Company plans to own and operate providers of value-added
services for corporate customers and other service providers via
cloud-based Internet technologies. Additionally, the Company plans
to offer support services for the design, engineering, and
maintenance of Ethernet and wireless networks, and cloud hosting
enterprises. KS International Holdings also plans to capitalize on
the growing software-as-a-service sector by building an asset base
of interests in cloud service providers in industries such as
shipping, marketing/advertising, financial services, healthcare,
media, and entertainment.
SAFE HARBOR AND INFORMATIONAL STATEMENT This press release may
contain forward-looking information within the meaning of Section
21E of the Security Exchange Act of 1934, as amended (the Exchange
Act), including all statements that are not statement of historical
fact regarding the intent, belief or current expectations of the
company, its directors or its officers with respect to, among other
things: (i) the company's financing plans; (ii) trends affecting
the company's financial conditions or results of operations; (iii):
the company's growth strategy and operating strategy; and (iv) the
declaration and payment of dividends.
The words "may", "would", "will", "expect", "estimate",
"anticipate", "believe", "intend", and similar expressions and
variations thereof are intend to identify forward-looking
statements. Investors are cautioned that any such forward-looking
statement are not a guarantee of future of future performance and
involve risks and uncertainties, many of which are beyond the
company's ability to control, and that actual results may differ
materially from those projected in the forward-looking statements
as a result of various factors including the risk disclosed in the
company's statements and reports filed with the OTC Markets. The
Company claims the safe harbor provided by Section 21E(c) of the
Exchange Act for all forward-looking statements.
Contact: Lowell Holdenlowell@cowboyzero.com;612-961-5656
For KS International Holdings, Inc.Lowell Holden,
612-961-5656lowell@cowboyzero.com
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