California Grapes International, Inc. Receives $10,000,000 Reserve Equity Financing from AGS Capital Group
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HENDERSON, Nev., Apr 12, 2012 (BUSINESS WIRE) -- California Grapes International, Inc. (OTCPINK:CAGR) a leading provider of full service export, marketing, promotions, distribution and sales for the CA Wine Industry internationally, confirms it has now received a $10,000,000 in Financing from AGS Capital Group, LLC a US based specialist investor group to fund operational expansion in China.
The AGS a??REFa?? program is a long term strategic financing partnership that places a??CGIa?? in control of how and when we raise equity, minimizing any potential dilution or disruption to our capital structure. a??CGIa?? has the discretion to periodically sell common shares when the prices are attractive to do so. a??CGIa?? decides when the funds are raised and how the funds are utilized. Having AGS Capital Group, LLC as a long-term partner reduces financing uncertainty, so we can better focus on achieving our business objectives.
In accordance with the agreement, a??CGIa?? has retained the New York Law firm of Nannarone & McMurdo, LLP to file a registration statement on Form S-1 with the Securities and Exchange Commission. Following the effectiveness of the registration statement, a??CGIa?? intends to become fully reporting with the SEC and seek uplifting of its common stock listing.
a??We are very excited to both invest in and partner with California Grapes International, Inc. Given CGIa??s tremendous potential and positioning within the marketplace, the Reserve Equity Financing will provide CGI growth capital at a competitive cost,a?? -- Allen Silberstein -- CEO AGS Capital Group, LLC.
a??The security of the funding commitment from AGS provides a foundation to ensure the future of CGI. As we continue to pursue new opportunities for growth and expansion, we now have a financial partner with the experience, strength and resources needed for the international markets we plan to expand into!a?? -- Jeffrey Crittenden -- CEO California Grapes International, Inc.
About AGS Capital Group, LLC
AGS Capital Group provides flexible equity financing solutions for growth-stage and mid cap public companies as well as private companies looking to go public. AGS Capital Group invests in public companies around the world listed on most exchanges. AGS Capital Group performs fundamental analysis including credit risk, technical analysis of market trends and industry, evaluation of management team experience and corporate structure evaluation. Additional information may be found at www.agscapitalgroup.com.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995.
SOURCE: California Grapes International, Inc.
California Grapes International, Inc.
Jeffrey Crittenden, 1-855-558-WINE
ir@cagrapes.com
Copyright Business Wire 2012
