SOMERSET, N.J., Sept. 12 /PRNewswire-FirstCall/ -- AWT, Inc , 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.
AWT, Inc
CONTACT: AWT, Inc, Investor Relations, +1-732-246-2330
Web site: http://www.awtmid.com/
