Tradeshow Marketing Company Closes $1.2 Million Private Equity Placement
SAMMAMISH, WA, March 5 /PRNewswire-FirstCall/ - The Tradeshow Marketing Company, Ltd. (Pink Sheets: TSHO), today announced that, effective March 1, 2010, it has completed a non-brokered private placement of 1,100,918 shares of the Company's common stock at $1.09 per share for gross proceeds of approximately $1.2 million. The proceeds from this private placement will be used to launch additional products in 2010 on Direct Response Television (DRTV), to expand the Company's trade show operations, as well as for general operating expenses and working capital. The shares were issued to 2 non-U.S. persons (as that term is defined in Regulation S of the Securities Act of 1933, as amended (the "Securities Act")) in an offshore transaction relying on Regulation S and/or Section 4(2) of the Securities Act.
None of the securities offered or sold under the private placement have been or will be registered under the Securities Act, and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. Each of the securities issued will be a "restricted security" under the Securities Act and will be subject to a hold period under applicable US securities laws.
"We are pleased to complete this private placement, which will assist in funding our long-term growth plans and the continued expansion of our business," said Luniel de Beer, Tradeshow Marketing President and CEO. "This additional capital will not only accelerate our ability to execute on our product initiatives for DRTV, but will also enable us to create additional streams of revenue for the Company by expanding our trade show operations. Also notable, we were able to complete this transaction under a very favorable structure for our shareholders, resulting in less than five percent dilution. This new equity investment in our Company is representative of the strong support in management and the confidence in our business model and long-term growth opportunities."
The terms of the purchase were based on a 25 day average closing price of the Company's common stock, calculated at $1.09 per share. No warrants or other financial instruments were included in the private placement. As of the closing date, total shares outstanding amounted to approximately 24.2 million shares.
About The Tradeshow Marketing Company
The Tradeshow Marketing Company, Ltd. is a publicly traded consumer-products company focused on the development and distribution of unique products that have broad appeal and improve the lives of consumers. The company operates a direct demonstration business via trade shows and exhibitions throughout North America, and various product-specific e-commerce web sites. The company was established in 2003, and is headquartered in Sammamish, Washington.
Safe Harbor Statement
This release contains "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, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected", "anticipates", "draft", "eventually", or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company.
All company or product names used are the property of their respective owners and may be the trade marks(TM), service marks(SM), or registered marks(R) of other companies, and are used for information purposes only and to their owners' benefit, without intent to infringe.
More information is available about Tradeshow Marketing Company at http://www.tsho.com
SOURCE Tradeshow Marketing Company Ltd.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article