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Wednesday, 04/18/2012 2:47:58 PM

Wednesday, April 18, 2012 2:47:58 PM

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Compensated Awareness Post View Disclaimer
SEFE Signs $2 Million Financing Term Sheet
Date : 04/18/2012 @ 2:00PM
Source : Business Wire
Stock : SEFE, Inc. (SEFE)
Quote : 1.54 0.03 (1.99%) @ 2:47PM

SEFE Signs $2 Million Financing Term Sheet
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Today : Wednesday 18 April 2012
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SEFE, Inc. (OTCBB: SEFE.OB) (“SEFE”) (“The Company”) announced that it has signed a term sheet for $2 million in financing through a nonconvertible preferred debenture. The new funding is expected to help the Company continue to make strides toward research, development and commercializing its Harmony III units, while also protecting the intellectual property developed over the past four years.

A debt structure was chosen rather than equity financing in order to preserve shareholder value and avoid dilution. The term is five years and the 8 percent coupon will be paid semiannually. Completion of the funding is subject to customary closing documents.

"I am very pleased that our financial partner, Riverbend, LLC, was able to recognize that our technology and patents represent significant value," said SEFE CEO Don Johnston, noting that it is the company's intent, at some point in the future, to do an additional round of permanent financing to take out this round.

For more information, visit www.SEFElectric.com.

About SEFE, Inc.

SEFE focuses on pushing the boundaries of what’s possible, embracing innovation and employing the cutting-edge to solve problems, and offering sustainable solutions to a world hungry for invention, direction and leadership. SEFE is technology- and solutions-driven, focusing on developing inventions that provide a real-world impact and true profitability. So, success is measured by both a sustainable return on investment, as well as a project’s sustainability from an environmental perspective.

For more information, visit www.SEFElectric.com.

Forward-Looking Statements

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

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