Aquagenix arranging acquisition and working capital financing.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--Aug. 10, 1995--Aquagenix Inc. (NASDAQ/NMS:AQUX,AQUXW) announced Thursday that is had signed an engagement letter for a best efforts debt and/or preferred share private placement offering to obtain additional financing for future acquisitions. The amount of the proposed financing is from $6 - $10 million. In addition, Aquagenix has entered into a new loan agreement with SunBank/Miami, N.A. increasing the company's (existing) working capital and equipment line of credit from $2.0 million to $3.9 million. Aquagenix is targeting several waterway management companies for possible acquisition. These companies would complement Aquagenix existing waterway management and mitigation business. -0- Aquagenix is an environmental services The various combinations of scientific, technical, and advisory activities (including modification processes, i.e., the influence of manmade and natural factors) required to acquire, produce, and supply information on the past, present, and future states of space, atmospheric, company based in Fort Lauderdale with service offices in Fort Lauderdale, Palm Beach, Orlando, Sarasota, Jacksonville and Tampa, Fla., South Hampton South Hampton may refer to:
A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Environmental Waterway Management Inc., Florida Underground Petroleum Tank Contractors Inc. and Haas Environmental Services Inc., provides aquatic management and environmental remediation Generally, remediation means providing a remedy, so environmental remediation deals with the removal of pollution or contaminants from environmental media such as soil, groundwater, sediment, or surface water for the general protection of human health and the environment or from a services to governmental and commercial customers in Florida and Georgia and provides environmental remediation services in the four state region of New Jersey, Pennsylvania, Delaware and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . CONTACT: Aquagenix Inc., Fort Lauderdale Alan H. Chesler, Chairman of the Board, 305/975-7771 |
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