Bull Warrior Stocks

[Future_BULL]

ClayTrader,January 20, 2011, 6:45 pm (SDVI)


Graffiti Entertainment, Inc. Announces "Letter of Interest" for $17 Million Second Round Placement http://finance.yahoo.com/news/Graffiti-Entertainment-Inc-iw-2672846675.html?x=0&.v=1

Share
retweet
EmailPrint..Press Release Source: Graffiti Entertainment On Thursday January 20, 2011, 6:45 pm
REDWOOD CITY, CA--(Marketwire - 01/20/11) - Graffiti Entertainment, Inc. today is announcing that it has received a "Letter of Interest" (LOI) from an investment banking firm for a second round investment in Graffiti Entertainment, Inc.

The private placement amount is $17 million priced at $4.66 per common share. Due to non-disclosure restrictions the name of investment banking firm may not be disclosed at this time. The company has, however, received proof of funds from the investment banking firm.

Graffiti Entertainment plans on using the proceeds from this private placement for additional acquisitions before listing the company on the Frankfurt exchange.

About Graffiti Entertainment, Inc.

Redwood City, CA-based Graffiti Entertainment, Inc. (www.graffitientertainment.com), is a diverse media company that includes film, music and video game properties. The company publishes video games for advanced entertainment consoles, finances film properties, publishes music and is an international event production and talent management company.

http://www.marketwire.com/press-release/Graffiti-Entertainment-Inc-Announces-Letter-Interest-17-Million-Second-Round-Placement-1383518.htm