Accesstel Announces $8 Million Private Placement.FAIRFIELD, N.J. -- Accesstel, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ASTI) today announced that it has signed definitive documents for a planned equity private placement of $8 million with DAG Enterprise Inc a private investment firm. The financing is targeted to occur during the next 12 months, although there is no assurance as to the extent that the financing will be completed in this period. Accesstel, Inc intends to use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the financing for working capital and the purchase of a new textile knitting knitting, construction of a fabric made of interlocking loops of yarn by means of needles. Knitting, allied in origin to weaving and to the netting and knotting of fishnets and snares, was apparently unknown in Europe before the 15th cent. and dyeing Dyeing The application of color-producing agents to material, usually fibrous or film, in order to impart a degree of color permanence demanded by the projected end use. plant. Accesstel announced on October 28th, 2004 that it had completed the acquisition of Global Invest Holdings, Inc., a U.S. based company engaged in the production and marketing of textile products. Pursuant to this acquisition, a name change to Global Invest, Inc. and symbol change is pending. Accesstel has developed this unique and global "virtual manufacturing Virtual manufacturing The modeling of manufacturing systems using audiovisual or other sensory features to simulate or design alternatives for an actual manufacturing environment, or the prototyping and manufacture of a proposed product using computers. " concept, integrating social and economic development while delivering profits. For more details, visit our website www.globalinvestholdings.com This news release includes "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. " as that term is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact are statements that could be deemed forward-looking statements and are often characterized by the use of words such as "believes," "expects," "estimates," "projects," "may," "will," "intends," "plans," or "anticipates," or by discussions of strategy, plans or intentions. In this news release, forward-looking information includes statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the conversion of securities, future sales of securities, future registration of securities and similar matters. All forward-looking statements in this news release are made based on management's current expectations and estimates, which involve risks, uncertainties and other factors that could cause results to differ materially from those expressed in forward-looking statements. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion