$3.5 Million Financing Approved for BAOA.SAN DIEGO--(BUSINESS WIRE)--April 28, 1999-- BAOA BAOA Bridal Association of America (Bakersfield, California) Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BAOA) Monday announced that the Atlanta Empowerment Zone Corp. (AEZ AEZ Agri-Export Zone AEZ Acrodermatitis Enteropathica, Zinc-Deficiency Type AEZ Alkaline Earth Zeolite AEZ Air Exclusion Zone (aviation no-fly area) ) has approved BAOA for $3.5 million in debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay . This financing will be used to secure the build out and operation of BAOA's Atlanta Call Center, and further its commitment to the City of Atlanta, and the residents of Atlanta's Empowerment Zone. BAOA expects to bring up to 600 new jobs to the zone through the call center. Joseph Reid, Executive Director of Atlanta Empowerment Zone Corp. said, "I would like to congratulate BAOA, Inc. on its commitment to the AEZ. We look forward to working with BAOA as a partner in making tangible improvements in the lives of many AEZ residents." BAOA's President, Peter Van Brunt, said he is "...grateful to the City of Atlanta and the Atlanta Empowerment Zone for having the vision and insight to support this labor-intensive initiative by BAOA. It demonstrates strong leadership and acute business sensibilities." Please visit the newly-revised BAOA Web site at www.baoa.com. Safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. This release may contain forward looking statements that involve risks and uncertainties including, without limitations, continued acceptance of the company's products and services, increased levels of competition, new products and technological changes, the company's dependence upon financing third party suppliers, and intellectual property rights, and other risks detailed from time to time, the company's federal filings, annual reports, offering memorandums or prospectus. |
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