Broadleaf Capital Partners Inc. to Raise Up to $10 Million in Acquisition Funds for Storage Suites America Via S-11 Registration.Business Editors LAS VEGAS--(BUSINESS WIRE)--Sept. 24, 2002 Broadleaf broad·leaf adj. Broad-leaved. Adj. 1. broadleaf - having relatively broad rather than needlelike or scalelike leaves broad-leafed, broad-leaved Capital Partners Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BDLF) today announced the company has signed a placement agreement with NevWest Securities Corp. based in Henderson, Nev., to compile and issue a placement offering under an S-11 Registration for its "Storage Suites America" national self-storage venture. Under the provisions proposed, the maximum to be raised is $10 million; and funds raised are to be escrowed, with funds becoming accessible once a $500,000 threshold is met. Proceeds from this placement shall be for "Storage Suites America" development and property acquisition costs. In addition, Storage Suites America shall have an opportunity to refinance Refinance 1. When a business or person revises their payment schedule for repaying debt. 2. Replacing an older loan with a new loan offering better terms. Notes: When a business refinances they typically extend the maturity date. current debt on several existing properties, with the potential for lowering the cost of capital. The placement is not expected to impede im·pede tr.v. im·ped·ed, im·ped·ing, im·pedes To retard or obstruct the progress of. See Synonyms at hinder1. [Latin imped or negatively impact any limited partnership or facilities negotiation currently underway. Furthermore, and key to the structuring of this funding, the placement is anti-dilutive, and will not dilute di·lute v. To reduce a solution or mixture in concentration, quality, strength, or purity, as by adding water. adj. Thinned or weakened by diluting. the company's existing common shares issued and outstanding. Robert Braner, president of Broadleaf Capital, stated, "By establishing this relationship with NevWest Securities, the company has taken the next logical and fundamental step in laying a solid foundation to build on our `Storage Suites America' plan. "Since our announcement of the `Storage Suites America' venture in May of this year, the company has methodically me·thod·i·cal also me·thod·ic adj. 1. Arranged or proceeding in regular, systematic order. 2. Characterized by ordered and systematic habits or behavior. See Synonyms at orderly. worked to establish and broaden its management team in terms of experience and skill in the self-storage, banking and mortgage arenas. We have solicited, received and continue to receive offers of significant pre-existing operating self-storage properties on a nationwide basis. "One task has been and will continue in the detailed analysis of each property or group of properties, to determine the feasibility of an acquisition under the `Storage Suites America' banner. We are pleased to have solidified so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. a formal investment banking relationship with NevWest Securities as we move forward with our plans in the self-storage industry." About NevWest Securities NevWest Securities Corp. owns and operates the only NASD-Member Level-3 securities brokerage, trading, research, and investment banking firm headquartered in southern Nevada. NevWest is a full service, introducing broker-dealer and investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. servicing the individual, institutional, and corporate client and investor. NevWest is registered as a Level-3 broker-dealer and market maker with the Securities and Exchange Commission, State of Nevada Securities Division, approximately 11 other states, and the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. Inc. About Storage Suites America Storage Suites America, as a subsidiary of the company, intends to acquire, develop, own and operate self-storage facilities under a pre-identified regional clustering and branding strategy, establishing the Storage Suites America brand in key U.S. markets. About the Self-Storage Industry The self-storage industry provides the basis for a dynamic and unique growth opportunity. Nationwide, a total of some 34,000 facilities represents just over 9 million square feet of rentable space, and the top 50 operators presently hold only a 15.71% market share. The self-storage industry thrives on the natural transition in people's lives. Such transitions often result in new living situations characterized, especially in this age of increasing rents and smaller living quarters, by a lack of secure space to store belongings belongings Noun, pl the things that a person owns or has with him or her Noun 1. belongings - something owned; any tangible or intangible possession that is owned by someone; "that hat is my property"; "he is a man of . With millions of customers coming from every walk of life, this large, nationwide base of clients can be divided into four categories of tenant mix: residential (75.7%), commercial (19.2%), students (3.0%) and military (2.1%). Key demographic groups also include young adults and seniors. This announcement does not constitute an offer to sell or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of offers to buy any security and shall not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful. NevWest Securities Corp. Web site: www.nevwest.net |
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