$10,000,000 Equity Financing for eTotalSource Secured.YUBA CITY Yuba City (y  `bə), town (1990 pop. 27,437), seat of Sutter co., N central Calif., on the Feather River; founded 1849 during the gold rush; inc. 1908. , Calif. -- eTotalSource, Inc. (OTCBB OTCBBSee OTC Bulletin Board (OTCBB). :ETLS)(BERLIN:ETA e·ta n. Symbol  The seventh letter of the Greek alphabet.ETA estimated transmitting ability. ) announces the closing of a standby equity agreement with Cornell Capital Partners, LP, committing up to $10 million dollars in equity capital over the next 24 months. This stability in funding will greatly enhance the company's ability to commit to projects large enough to maximize profit. Project negotiations have been in progress with many large private and public organizations for the past year. This collaboration will enhance eTotalSource's ability to complete these agreements and begin production on new multimedia programming. In addition to producing new programs, eTotalSource will increase support for advertising and sales of currently completed publications such as Family Disaster Preparedness pre·par·ed·ness n. The state of being prepared, especially military readiness for combat. Noun 1. preparedness - the state of having been made ready or prepared for use or action (especially military action); "putting them & Terrorism Awareness, and their line of facilitator training programs. eTotalSource, Inc., a provider of multimedia training programming, employs its own proprietary software, Presenta Pro(TM). Previous programming packages utilizing the unique multi-panel production and delivery system are used by the U.S. Department of Defense, Law Enforcement Training Solutions, Defense Acquisition University, Rockwell Collins Rockwell Collins, Inc. (NYSE: COL) is a large United States-based international company headquartered in Cedar Rapids, Iowa, primarily providing aviation and information technology systems, solutions, and services to governmental agencies and aircraft manufacturers. , as well as many schools, hospitals, clinics and private companies, offering the training packages to employees, students and clients. eTotalSource also has an ever expanding product portfolio including such publication title as Family Disaster Preparedness & Terrorism Awareness, and Anger Management Facilitator Training. For additional information on eTotalSource, Inc. or Presenta Pro(TM), please visit the Web site: http://www.etotalsource.com. Except for historical matter contained herein, matters discussed in this Press Release are forward-looking public statements concerning expected future operations. Such forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. reflect the Company's best judgment based on current information and involve a number of risks and uncertainties. Information relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc historical financial and operational performance, the company's tactics and strategies, risks and markets are available in eTotalSource's Forms 10KQSB and 10KSB/A on file with the Securities and Exchange Commission. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion