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Replies to post #524795 on The Hunt for the Next 10 Bagger
07/05/12 2:15 PM
07/06/12 11:10 AM
LANDOVER, Md., Mar 28, 2012 (GlobeNewswire via COMTEX) -- IJJ Corporation (IJJP.PK) sent the
following announcement it has signed a Conditional Commitment Letter from an undisclosed
investment group intending to provide the company with $10 Million USD in working capital. The
loan is a non-dilution loan based only on simple interest and principle payments over a term of 10
years. All of the terms and fees of the financing have been agreed upon for funding our Disaster
Shelter Management and Responder System (DSMRS).
The funding is for the deployment of DSMRS. In March of 2012, after several months of
determination to position IJJC for funding, IJJC's president was able to achieve a major milestone in
the history of IJJC by executing an engagement to acquire funding and management support
services to finance the deployment of a State Of Art facility to support manufacturing, integration,
software development and a customer support service operations.
The investment is also a partnership arrangement not only to provide the above operation
requirements, but to financing the establishment of on-going funding requirements to assist IJJC in
business expansion, to increase its assets and developing scalable capabilities to capture market
share as outline in our business plan. This investment will fund our Go-To-Market plan; a plan that
when implemented will make IJJC one of the first to bring an integrated Mobile Disaster
Preparedness and Readiness Solution to the Federal, State, local governments and commercial
industries.
"IJJC is committed to becoming an internationally recognized brand in less than five to seven years.
IJJC has done the necessary research and development and is poised to deliver a robust yet highly
unique disaster preparedness and first responder solution to the market. IJJP looks forward to
building a long relationship with our investor and with our efforts to add real company value. IJJP
will continue to update its shareholders and the investment community, as it looks toward to
improved relations in the near future," stated Clifford Pope, President, and CEO of IJJ Corporation.
For more information on IJJ Corporation, please visit: http://www.ijjc.com
About IJJ Corp.:
IJJ Corp. is a Diversified Technologies company focused on developing high tech solutions for the
government and the private sector to provide rapid decisions through information processing. The
Company's technologies include: Voice, Data and Video Rapid Conferencing Solutions; Disaster
Shelter Recovery Systems; Mobile Disaster Management Systems; Medical Hospital Advisor Systems;
IT Management and Consulting Services; Secure Data Center Services; Network Operation Centers;
and Enterprise Management Power Suites. The Company's objective is to continue to develop and
integrate services and products in order to provide the most comprehensive, cutting edge, turnkey
solutions to its clients.
