Castling Group Receives Financing From Giraudo Engmann Spiegel & Duvall; Castling Ramps Up For Significant Growth As E-business Accelerator.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--April 6, 2000 Castling Group, an e-business accelerator that has helped build leading Internet businesses such as jcrew.com and hifi.com, today announced that it has accepted equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. from GESD GESD Glendale Elementary School District GESD Government Electronics System Division (GEA) GESD Generalized Extreme Studentized Deviate , a San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden based private equity firm that invests in Internet and technology companies. "Castling Group has demonstrated that its execution methodology is the most rapid route to launching a business online," said Sharon Duvall, General Partner at GESD. "We believe that Castling's full set of e-business capabilities will significantly improve the chances of Internet concepts transforming into full-fledged online businesses." "We are pleased to receive the support of GESD," said John Suh, co-founder and Chairman of Castling Group. "GESD's successful experience in both operations and private equity will be an invaluable asset to Castling Group as we enter our accelerated-growth stage." The funding will be used to scale Castling Group's e-services and to build-up build·up also build-up n. 1. The act or process of amassing or increasing: a military buildup; a buildup of tension during the strike. 2. the organization to meet its aggressive schedule for launching new businesses. Sharon Duvall will be joining Castling's Board of Directors. ABOUT CASTLING GROUP Castling Group, with offices in 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 , San Francisco and Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , is one of the fastest growing e-business accelerators. It specializes in building online businesses by strategically aligning with established offline companies and entrepreneurs in the B-to-C and B-to-B sectors. Castling offers a complete set of capabilities, including e-commerce execution expertise, interim general management, incubation incubation /in·cu·ba·tion/ (in?ku-ba´shun) 1. the provision of proper conditions for growth and development, as for bacterial or tissue cultures. 2. facilities, and investment capital, resulting in a tightly aligned partnership to quickly and efficiently build Internet businesses. For further information about the Castling Group (http://www.castling.com), contact Samantha Cho at (415) 402-0480 or email info@castling.com. ABOUT GESD Giraudo Engmann Spiegel & Duvall (GESD) is a San Francisco based private equity firm that invests in Internet and technology companies. The principals of GESD also have significant experience as founders and operators of both traditional and e-commerce based businesses. For further information about GESD, contact Jordan Spiegel at (415) 477-8200 or email Jordan.Spiegel@preftech.com. |
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