SPO Global Inc. Secures Finance to Assist with Company Growth Acceleration Plans
WOBURN, MA / ACCESSWIRE / December 7, 2016 / S.P.O. GLOBAL Inc. (OTC PINK: SPOM), announces the renegotiation of Equity Investment.
SPO Global, an emerging technology company, announces today that it has favourably renegotiated the equity investment from Blackbridge Capital Growth Fund.
Blackbridge is an alternative investment, private investment fund in Manhattan. They are an industry leader in US capital markets Reg A investments for micro-cap companies/
As previously announced, SPO had considered unwinding the agreement between Blackbridge and the company, however, after careful consideration, the SPO believes the Reg A structure will provide the much-needed growth capital the company needs to accelerate its business plan.
Based on the Goldman Small Cap research valuation, SPO Global is confident that an effective registration with Blackbridge Capital Growth Fund will meet all immediate funding needs. "Blackbridge has reassured the company they can meet their original commitment of $500,000.00," said Mr. Dukes, CEO. "They have also agreed to continue to fund legal and accounting costs associated with the investment."
For more information on SPO Global visit: www.spoglobal.com.
This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates, and projections about our business and our industry, and that reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including but not limited to, expectations regarding the successful expansion of our product base, profitability, market acceptance of our products and new product applications, timing of new product launches, product performance, size of prospective markets, marketing strategies, success of our restructured operations and plans, our ability to generate fees or raise capital to support our business operations and plan, the sufficiency and availability of working capital, changes in economic conditions generally and in more specifically, the introduction of competing products, changes in our operating strategy or development plans, patent protection for our products and technologies, changes in economic conditions generally and in more specifically, in the markets we operate, changes in technology, legislative or regulatory changes that affect us. We undertake no obligation to revise or update any forward-looking statement for any reason.
SOURCE: SPO Global, Inc.
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