Stonehenge Capital and Greer Capital Advisors Jointly Announce $2.5 Million CAPCO Financing for DailyAccess Corporation.BIRMINGHAM, Ala. -- Stonehenge Capital Company, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and Greer Capital Advisors, LLC jointly announce a $2.5 million CAPCO CAPCO Certified Capital Company CAPCO Capitol Area CAPCO Consumer Aerosol Products Council CAPCO Capability Package Coordination Officer CAPCO Controlled Access Program Coordinating Office (CIA) CAPCO California Agricultural Pest Control Operators financing for DailyAccess Corporation ("DAC See D/A converter and discretionary access control. DAC - Digital to Analog Converter "). Founded in 1995 and located in Mobile, AL, DAC is the 2004 Alabama Information Technology Association (AITA AITA America's Independent Truckers' Association, Inc. ) Technology Company of the Year. DAC is a national provider of technology-based products and services to retirement plan sponsors. The company is using the funds to facilitate its growth and expansion sales strategy. "This gives us the financial flexibility we need to aggressively pursue strategic acquisitions as well as new sales and marketing initiatives. We decided to partner with Stonehenge and Greer Capital because their commitment to personalized, professional service mirrors our commitment to clients and partners," said Tommy Thomasson, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of DAC. This is the second transaction completed by the ALABAMA OPPORTUNITY FUND, a $19.5 million fund co-managed by Stonehenge and Jemison Investment Co., Inc. of Birmingham. The fund provides both debt and 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. to Alabama-based companies seeking growth and expansion capital. "DAC is a profitable and well-run company. We are impressed with the company's strong financial condition and are happy to be working with them," commented Steve Davis For other people with this name, see . Steve Davis, OBE, (born August 22, 1957, Plumstead, London[3]) is an English professional snooker (and to a lesser extent pool) player. He won 6 Snooker world titles during the 1980s. of Stonehenge. Greer Capital Advisors, LLC, in partnership with Whitecap Capital, participated in the financing. These firms co-manage the Whitecap Alabama Growth Fund I, a $14.6 million investment fund that primarily makes debt and equity investments in Alabama companies List of Alabama companies includes notable companies that are, or once were, headquartered in Alabama. A
The ALABAMA OPPORTUNITY FUND and Whitecap Alabama Growth Fund I are certified capital companies within the State of Alabama's Certified Capital Company ("CAPCO") program. ABOUT DAILYACCESS CORPORATION Founded in 1995 and located in Mobile, AL, DAC is the 2004 Alabama Information Technology Association (AITA) Technology Company of the Year. DAC provides technology-based products and services to retirement plan sponsors and financial advisors. Services include recordkeeping, administration, compliance, trading, custody, information access systems, mutual fund company relationships, sales support and customer service. The firm's growth is directly linked to its success in partnering with select financial advisers and retirement plan sponsors to develop and distribute market-proven products. DAC provides retirement plan solutions to more than 700 firms with more than 140,000 employees across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . ABOUT STONEHENGE Stonehenge Capital Company, LLC is a nationwide specialty finance firm with expertise in mezzanine and private equity, tax credit finance and structured finance transactions. Stonehenge manages approximately $500 million in private equity funds through its offices in Alabama, Colorado, Florida, Louisiana, Missouri Louisiana is a city in Pike County, Missouri, United States. The population was 3,863 at the 2000 census. Louisiana is located in northeast Missouri, on the Mississippi River south of Hannibal. An ammonia plant here was converted to study and produce synthetic fuels. , 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 , Ohio, and Wisconsin. In Alabama Stonehenge co-manages the $19.5 million ALABAMA OPPORTUNITY FUND, which is a certified capital company with the State of Alabama's Certified Capital Company ("CAPCO") program. The fund provides investment capital for growth and expansion, mergers and acquisitions, and recapitalizations. The fund's investments include both debt and equity investments across industries. Investments range from $500,000 to $3,000,000. For more information visit www.stonehengecapital.com. ABOUT JEMISON INVESTMENT Jemison Investment Co., Inc. is a privately-held holding company in Birmingham, Alabama with a diversified portfolio of investments. The firm was founded in 1949 and seeks to invest in stable, well-managed, privately-held companies and select early stage ventures offering significant growth potential. ABOUT GREER CAPITAL ADVISORS Greer Capital Advisors, LLC is a Birmingham-based private equity firm and local CAPCO manager for the Whitecap Alabama Growth Fund I. The Whitecap Alabama Growth Fund I totals approximately $14.6 million and makes equity and debt investments of between $250,000 and $2,000,000 in companies with at least $1,000,000 in annual revenue that are at or near profitability. For more information visit www.greercap.com. |
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