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Tuesday, January 05, 2010 2:10:43 PM
Bob Farr, President and COO of ARSC, stated, “Hydra has a $21,000,000 purchase order backlog which ASCC will now begin funding against to get Hydra into production and product into the market. We have been trying to finance these PO’s since Hydra received them, but because we were not yet in commercial production we were unsuccessful. That is why we formed our own finance subsidiary, ASCC. With Comentum’s expertise and funding sources we should be in production in the first quarter. Comentum expects to begin funding the JV with ASCC IN JANUARY.” Comentum Capital Opportunities Corp. Comentum specializes in non-traditional financial transactions centered on receivables financing (factoring), purchase order financing and trade finance among others. The Company maintains offices in Houston and New York. For more information please see: www.comentumcapital.com
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