From the Wires
Stakool, Inc. Enters Into $300,000+ Equity Financing With Ironridge
By: Marketwired .
May. 1, 2012 06:37 PM
JACKSONVILLE, FL -- (Marketwire) -- 05/01/12 -- Stakool Inc. (OTCQB: STKO) (OTCBB: STKO), a Florida-based corporation, is pleased to announce that it has entered into a $300,000 equity financing transaction with institutional investor Ironridge Global IV, Ltd. The Company satisfied over $300,000 in liabilities in exchange for unregistered shares of common stock.
"We are extremely pleased to complete this stage of financing for the Company. The financing allows the Company to be alleviated of its note payable debt obligations due principally to the merger of Stakool and Anthus Life. Our investors can feel comfortable with the fact we no longer have to meet these obligations on a monthly basis," stated Peter Hellwig, President and CEO of Stakool, Inc. "Furthermore, we can now focus on building our business more effectively, concentrating on sales and marketing, harnessing the growth opportunities in the natural and organic, and health and wellness markets."
"A combination of the management team, the Shannon Miller endorsement and a very good-tasting product line, will allow Stakool and its subsidiary Anthus Life, to become a well positioned competitor in the natural and organic market segments," commented Richard Kreger, Managing Director of Ironridge Global. "With the impending Kosher certification, we believe that the Company can now better concentrate on increasing market penetration and improving shareholder value."
Terms of the Financing -
Moody Capital Solutions, Inc. has acted as the financial advisor to the Company on this transaction.
About Stakool Inc.:
Safe Harbor Statement:
The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
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