CruiseCam International Closes Key Financing CruiseCam International (PINKSHEETS: CCMJ), developer and marketer of a line of "in-car" camera mount and recording systems with a wide range of applications, announced today that it has completed a private equity funding program with accredited investors.
Proceeds from the private equity funding will allow CruiseCam to accelerate its rapid growth plan, enhance product development and expand sales and marketing efforts.
CruiseCam International CEO Scott Watkins said, "This program will improve our financial flexibility in the immediate term, allowing us to secure overseas supply channels and key distribution agreements for all of our products."
Watkins continued, "Further, this funding will allow us to execute the next phase of our comprehensive business plan and to conclude certain on-going developments that will significantly enhance our competitive position in the marketplace," concluded Watkins.
About CruiseCam International
CruiseCam International (PINKSHEETS: CCMJ), through its two operating subsidiaries, develops and markets integrated, "in-car" camera mount and recording systems for law enforcement, consumer, commercial and transportation applications, as well as for competition racing cars. The Company's patented technology and industry-first "Cruisecam" offering have been developed since 1999, and are distributed nationwide. For more information, visit: http://www.cruisecam.com/.
SAFE HARBOR: Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs and estimates as to projections are "forward-looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the Company's judgment as of the date of this release. The Company does not undertake to update, revise or correct any forward-looking statements.
Contact:
D.P. Martin & Associates Investor Relations for CruiseCam International Ph: 561-514-0194 Email Contact
Source: Market Wire (September 19, 2007 - 8:44 AM EST)
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