Mr. George Tsafalas reports
360 CAPITAL FINANCIAL PROVIDES UPDATE
360 Capital Financial Services Group Inc. has identified an established national company in the technology sector with which it is in the midst of discussions with respect to a possible business combination. Due diligence is under way. If and when an agreement is signed in respect to this potential transaction further details will be released.
"360 Capital Financial is actively pursuing alliances in the technology sector, specifically with companies that have demonstrated a track record with significant revenue growth and require capital to scale their proven business models," noted George Tsafalas, interim president and chief executive officer. "360 is focused on companies with strong management and corporate governance in place where the capital can be deployed to achieve growth results in the near term," added Mr. Tsafalas.
Subsequent to the closing of its recent private placement, the company has approximately $1.6-million in cash, and is actively reviewing potential business opportunities.
About 360 Capital Financial Services Group Inc.
360 Capital Financial Services Group, through its subsidiaries and affiliated companies, provides a broad range of financial services to emerging private and public companies. It connects capital to growth by providing corporate finance advisory, merchant banking, IPO (intial public offering) consulting and business advisory services for its clients.
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