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Virtual Sourcing, Inc. (PGCX)

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Last Post: 11/23/2017 8:35:40 AM - Followers: 163 - Board type: Free - Posts Today: 11

 

 

Virtual Sourcing, Inc. Receives Increase to $25 Million in Funding Engagement Package

Independence, KS, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Virtual Sourcing, Inc. Receives Increase to $25 Million in Funding Engagement Package

WASHINGTON, DC--Virtual Sourcing, Inc. (OTC Pink: PGCX) has received an increase to $25 million in acquisition financing in preparation for additional acquisitions currently being reviewed. Our capital formation agreement for acquisitions and operational funding remains at $25 million bringing our current total engagement package to $50,000,000.

The company is continuing in its quest to grow by acquisition and joint ventures. We are negotiating for a substantial acquisition in the fiberglass manufacturing sector and potential joint venture partners in the fiberglass manufacturing industry. Our auditors are progressing on our audits and those of the operation that has signed a letter of intent to be acquired.

We are expecting to close the initial acquisition in mid-December. Our auditors are continuing to work diligently with the expectation of releasing the audit report near the end of the first week of December allowing us to close the transaction shortly thereafter. Discussions have been held on the need to increase the capital formation package. These discussions indicate that it is likely the capital formation engagement would be increased to at least sufficient funds to complete the second acquisition in Spring.  The requirement to close the second acquisition would cause the capital formation package to rise to approximately $75 million meeting our total funding needs of $100,000,000 to complete both acquisitions plus supply funding for product expansion and operations.

 







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PostSubject
#14963  Sticky Note WiseTrader, my confirmation of PGCX Validation... stervc 11/16/17 02:26:12 PM
#15181   DEFINITELY not! So glad I loaded more on StrangerDangerAlpha 11/23/17 08:35:40 AM
#15180   This will blow to dimes if all that WallStreetGenius 11/23/17 08:31:42 AM
#15179   Ill try to keep a lid on it StrangerDangerAlpha 11/23/17 08:30:09 AM
#15178   Take a deep breath! Gonna need to keep KingMidasAu 11/23/17 08:10:41 AM
#15177   Too exciting! Bring on the BOOM! We got StrangerDangerAlpha 11/23/17 08:08:45 AM
#15176   The requirement to close the second acquisition would StrangerDangerAlpha 11/23/17 08:07:21 AM
#15175   Our auditors are progressing on our audits and StrangerDangerAlpha 11/23/17 08:06:15 AM
#15174   Love this rereading the PR: received an increase StrangerDangerAlpha 11/23/17 08:05:35 AM
#15173   Can't wait for tomorrow! Wanna watch this continue StrangerDangerAlpha 11/23/17 08:03:50 AM
#15172   Happy Thanks giving to all my American friends StrangerDangerAlpha 11/23/17 08:01:57 AM
#15171   Happy thanksgiving Mr Wowza 11/23/17 07:30:10 AM
#15170   no i was responding to General Grievous :) HappyMind 11/22/17 05:43:13 PM
#15169   Can you say that again? They were not WallStreetGenius 11/22/17 04:57:27 PM
#15168   if you can t believe it , run HappyMind 11/22/17 04:06:06 PM
#15167   PGCX....Next leg up!!! Thunderstruck 11/22/17 03:26:52 PM
#15166   Can’t believe people bought this scam again after General Grievous 11/22/17 03:26:01 PM
#15165   99% buy action today. Should close near HOD KingMidasAu 11/22/17 03:05:56 PM
#15164   PGCX FAKE WALL PEOPLE!!!! Thunderstruck 11/22/17 02:39:51 PM
#15163   PGCX Folks, for those of you that Thunderstruck 11/22/17 02:34:24 PM
#15162   PGCX....Next push coming!!! Great entry point Thunderstruck 11/22/17 01:55:34 PM
#15161   PGCX Nice slap on 23's!! They Thunderstruck 11/22/17 11:55:51 AM
#15160   Buyers flocking Awl416 11/22/17 11:52:26 AM
#15159   PGCX... Nice slap on 23's!! Once we Thunderstruck 11/22/17 11:41:50 AM
#15158   PGCX!!! I just squish em!!! Thunderstruck 11/22/17 11:35:29 AM
#15157   LOL here comes the cocaroaches lol shurtha2000 11/22/17 11:33:30 AM
#15156   PGCX LOL!!! Yes you Thunderstruck 11/22/17 11:32:28 AM
#15155   cmon I know my staff kkk Mr Wowza 11/22/17 11:31:21 AM
#15154   PGCX!!! Yes Sir!! Only the beginning!! Thunderstruck 11/22/17 11:30:43 AM
#15153   great way finish thanks giving trading day Mr Wowza 11/22/17 11:27:24 AM
#15152   PGCX Bid rising! Nice buys Thunderstruck 11/22/17 11:24:08 AM
#15151   Its coming!Getter ready for the next wave! 0022s KingMidasAu 11/22/17 10:41:36 AM
#15150   Somebody else buy l did my part lol. Serpico2005 11/22/17 10:33:49 AM
#15149   Happy Thanksgiving to all! WiseTrader 11/22/17 10:29:05 AM
#15148   PGCX Thank you! Happy Thanksgiving! Thunderstruck 11/22/17 10:28:29 AM
#15147   okay! if i keep going will be considered WiseTrader 11/22/17 10:27:25 AM
#15146   i am taking the risk against 100m dollar Mr Wowza 11/22/17 10:26:08 AM
#15145   Wasn't a duplicate Read carefully!!! Thunderstruck 11/22/17 10:23:49 AM
#15144   same deal finally reached an agreement!!! why not Mr Wowza 11/22/17 10:23:25 AM
#15143   Then short it gezzz Awl416 11/22/17 10:23:15 AM
#15142   how about news on 11/14/2017 was a duplicate WiseTrader 11/22/17 10:21:56 AM
#15141   PGCX!!! DD!!!BIG THANK YOU TO Stervc!! Thunderstruck 11/22/17 10:17:39 AM
#15140   PGCX!!!Thin ALL THE WAY!!! Thunderstruck 11/22/17 10:14:55 AM
#15139   PGCX!!!Here come the cockroaches!!! Good sign!! Thunderstruck 11/22/17 10:13:05 AM
#15138   Also liquidity dries up fast I see...some pumping proftstocksny2 11/22/17 10:12:57 AM
#15137   LOL I can name dozen tickers with stop Awl416 11/22/17 10:12:23 AM
#15136   Haha the ask smacking is coming in hard KingMidasAu 11/22/17 10:12:09 AM
#15135   who cares about stop sign!!! Mr Wowza 11/22/17 10:11:59 AM
#15134   But what credibility is there...there is a STOP proftstocksny2 11/22/17 10:10:56 AM
#15133   Wish I grabbed more yesterday Awl416 11/22/17 10:09:27 AM
#15132   HUGE move on low volume!PAPER thin up,imagine the StrangerDangerAlpha 11/22/17 10:09:14 AM
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