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Last Post: 4/11/2018 3:28:27 AM - Followers: 154 - Board type: Free - Posts Today: 0

 

 

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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PGCX News: American Diversified Holdings Corp. (OTC Pink: ADHC) 12/06/2017 09:55:00 AM
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#15405   Seriously Elcappy1 04/11/18 03:28:27 AM
#15404   Whats good with updates? Stoxinc 04/10/18 10:04:53 PM
#15403   Interesting trading here today. Especially for a Friday. sysdoc 02/02/18 01:52:14 PM
#15402   God no Kazzz, bailed for taxes in November. hammy3777 01/23/18 09:47:47 AM
#15401   hammy you still holding this pos?> kazzz3 01/23/18 08:24:50 AM
#15400   Oh okay, that's good to know. Have seen hammy3777 01/19/18 12:28:15 PM
#15399   Last I checked it’s my money not yours Awl416 01/19/18 11:36:57 AM
#15398   You know the background of this stock so hammy3777 01/19/18 11:35:20 AM
#15397   Finally finished my dump yesterday. SEC on a Awl416 01/19/18 09:34:55 AM
#15396   javascript:void(null); Fiesta11 01/11/18 11:49:37 AM
#15395   Wake up VNDM at a penny. One can Awl416 01/09/18 12:44:21 PM
#15394   It's pretty sad to me to see these hammy3777 01/05/18 03:12:37 PM
#15393   And the one tick flippers show their ignorance Awl416 01/04/18 11:26:06 AM
#15392   That’s thin .0009 then .003 on the ask Awl416 01/04/18 10:16:45 AM
#15391   lol! Be interesting to see how it plays Elcappy1 01/02/18 10:51:25 PM
#15390   Love owning trash lol Awl416 01/02/18 01:19:47 PM
#15389   Huge dollar volume once again LOL Awl416 12/27/17 05:37:52 PM
#15388   Someone really needed $56 plus commission LOL Awl416 12/27/17 10:30:13 AM
#15387   First time l2 has thinned out in a Awl416 12/27/17 10:25:48 AM
#15386   lol! Tell em Awl! I second the volume Elcappy1 12/27/17 12:31:04 AM
#15385   About time...Now just give me some damn volume Awl416 12/26/17 10:04:28 PM
#15384   Exactly ;) PGCX Elcappy1 12/26/17 10:01:09 PM
#15383   lol! Nobody is patient on ihub ;) PGCX Elcappy1 12/26/17 10:00:31 PM
#15382   A green day? lol! PGCX Elcappy1 12/26/17 09:59:49 PM
#15381   It only takes one confirmation PR and we're Elcappy1 12/26/17 09:59:18 PM
#15380   MACD is curling up ;) PGCX Elcappy1 12/26/17 09:57:50 PM
#15379   It is too good to be true and hammy3777 12/25/17 11:53:28 AM
#15378   PGCX... No action today...however what interests me is Thunderstruck 12/22/17 12:56:04 PM
#15377   PR sounded pretty solid... too good to be true? ThoughtPower 12/21/17 04:16:46 PM
#15376   PGCX!! Get in at these low Thunderstruck 12/21/17 12:12:52 PM
#15375   Well,I hope ya do well. Just one update Thunderstruck 12/20/17 09:36:35 PM
#15374   I’m red with my shares but I didn’t Awl416 12/20/17 06:29:50 PM
#15373   Well it's better then 110k on the bid. Thunderstruck 12/20/17 06:02:25 PM
#15372   Very good, a man with sense and can hammy3777 12/20/17 05:17:13 PM
#15371   $1550 is bid building? Lol Awl416 12/20/17 03:10:43 PM
#15370   PGCX It's going to run again!! Thunderstruck 12/20/17 02:52:08 PM
#15369   PGCX Bid is building a bit @ .0007! Thunderstruck 12/20/17 02:45:14 PM
#15368   Just another red day what else is new here Awl416 12/20/17 01:49:02 PM
#15367   Going to need a slap more than 112 Awl416 12/20/17 10:58:59 AM
#15366   PGCX!! We should be hearing an update Thunderstruck 12/20/17 08:07:08 AM
#15365   Yawn Awl416 12/19/17 07:16:36 PM
#15364   PGCX...News is just around the corner!! Any Thunderstruck 12/19/17 12:29:11 PM
#15363   I see a nice falling wedge in the Boersi 12/18/17 04:55:04 PM
#15362   And don't forget TCEL. The best orchestrated scam hammy3777 12/18/17 12:27:09 PM
#15361   This look good but email, website, and phone Gutts2318 12/14/17 07:24:10 PM
#15360   Very much agreed! Just awaiting some nice follow Elcappy1 12/14/17 12:22:57 PM
#15359   Exactly! I am not concerned at all Thunderstruck 12/14/17 08:57:11 AM
#15358   Considering the float is only 250 million here Elcappy1 12/13/17 11:18:06 PM
#15357   lol! I'm in no way of being in Elcappy1 12/13/17 11:15:40 PM
#15356   PGCX....Elcappy1....I like the current news you re-posted!! Thunderstruck 12/13/17 01:20:34 PM
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