I just called Mr. Ele Kauderer of the Kauderer Group, 866-807-5111. His company is doing the financing for ASFX. He told me he had the purchase order sitting on his desk for approximately $100,000 growing to $500,000 with the success of the product.
I asked him who issued the Purchase Order assuming he had to know since he is financing the company.
He told me Toys R Us. He said the reason the company didn't release the name is b/c the News is timely and it takes months to get legal clearance from lawyers.
He told me his financing is non-dilutive. He has term sheets for $6,000,000 mil and $4,000,000 from financial institutions. He said he is also setting up a line of credit for company.
He told me no equity financing at all. Strictly debt, purchase order, and factoring.
He said they have other products they are bringing to the market but could not discuss this.
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