VENICE, FL--(Marketwire - September 17, 2008) - SinoFresh HealthCare, Inc. (OTCBB: SFSH) announced today that Magnate Premier Ltd. has issued a Letter of Credit to support debt funding of up to $10.0M. The funding will be in the form of 5-year debenture bonds secured against the letter of Credit. The sale of the debentures will be handled by Magnate Premier Ltd. SinoFresh HealthCare, Inc. will also issue approximately $7.0M in common/convertible preferred stock to Magnate and or its authorities as part of the transaction.
