FOR IMMEDIATE RELEASE (Free-Press-Release.com) October 15, 2009 -- Dubai, United Arab Emirates, October 15th , 2009: The raising of $30Million USD in capital as part of Perla Group International’s drive towards public listing builds on the company’s phenomenal success in recent months. The two deals of $15Million USD each, with Tokyo-based Wakabayashi Fund and New York’s Gem Group, achieved more than six times the original $4.9Mill USD target set by the group’s CEO and founder, Charles Sam D’Alberto.
“We are behind this project based on the sector, the space and the leverage we believe this project will yield. In particular, we are behind the project because of its management - Charles D'Alberto has a history of success and a previous track record in the public market. “We are interested in the combined sectors of transportation, security and the satellite telecommunication variables that Perla addresses and feel this particular space is poised for an incipient move.”
Jeff Stone, Co-founder, Advisor Wakabayashi Fund LLC
After a tough couple of years for the group, since its establishment in 2007, Mr D’Alberto is delighted by the overwhelming results of his recent capital drive.
“The capital will allow us more scope on where to go and how we can get there. We have achieved higher level growth than we initially predicted and this will ensure further expansion. Having the additional funds in place means that we can meet the current level of growth and also continue into the next stages of expansion. I look forward to taking the company to the next level.”
CEO, Founder Perla Group International, Charles Sam D’Alberto
The capital raising follows on from Perla International Group’s announcement earlier this week of its exclusive distribution deal for the AK-1 helicopter in the USA and North Africa and the securing of a substantial contract with the United Nations earlier this year to provide it with armoured vehicles for use in Pakistan.
The capital raising is remarkable not only because Perla International Group is relatively young - it was founded by CEO Charles Sam D’Alberto in 2007 - but because it has managed to outperform even its own estimates despite the challenging current economic climate. The group has experienced growth in excess of 400% across all divisions leading up to its intended IPO later this year.
This unprecedented growth during such a difficult financial period is a reflection of Mr D’Alberto’s knowledge of the sector, as well as his drive, determination and willingness to take calculated risks. This, in turn, has allowed the group to build its name and reputation across the regions it serves, which it intends to further capitalise on in the future. The $30Mill USD post-IPO line of equity ensures that current growth can be met and will enable the group to further expand.
Share availability The impressive $30Mill USD post-IPO capital raising has allowed Perla Group International to reduce its target of its pre-IPO capital from $4.9Mill USD to $3Mill USD. The group has already secured $1.5Mill USD of pre-IPO capital. This represents 15% of the total shares available in the company, which comprises 10Million shares. A further 1.5Million shares are immediately available in the company at $1.00 USD a share. The funds will be used to expand the group’s Aviation Division and to provide working capital to its other divisions. Interested parties should contact investor@perlagrp.com
For additional information on the news that is the subject of this release, contact Charles Sam D’Alberto or visit www.perlagrp.com/News.htm
About Perla Group International Ltd: Perla Group International Ltd is a Dubai-based company set up in January 2007 by Mr Charles Sam D’Alberto. Serving the Middle East, Africa and the Sub Continent, its four main divisions are Perla Telecoms, Perla Aviation, Perla Armored Cars, and Perla K-9 Services. Two years after its foundation, Perla Group International has already capitalised on in-house expertise and experience and proven itself as a premier supplier of goods and services in these regions. Perla Group International is now in pre-IPO, ahead of its intended listing on the Australian Securities Exchange later this year.
For further information on the IPO please contact us at investor@perlagrp.com For all other enquires please contact us at info@perlagrp.com or visit www.perlagrp.com
About Wakabayashi Fund LLC: Wakabayashi Fund LLC is a private equity family fund with offices in Tokyo and New York. It provides corporate capitalization and institutional investor relations consulting services. It may invest on a principal basis and acts in an agency capacity to procure capital for both established and emerging small-cap and mid-cap companies.
About Global Emerging Markets (GEM): The $3.4 billion alternative investment group Global Emerging Markets was founded in 1991 and manages a diverse set of investment vehicles focused on global emerging markets. GEM’s family of funds and investment vehicles provide exposure to small-mid cap management buyouts, private investments in public equities and select venture investments.
