CMARK International Completes $ 1.8 mm Funding from Luxembourg Based Alternative Investment Fund
COLUMBIA, S.C., Sept. 11 /PRNewswire-FirstCall/ — CMARK International, Inc. (OTC Pink Sheets: CMKI), a leading Service-Disabled Veteran-Owned Small Business (SDVOSB) provider of facility and logistic support services for federal government institutions announces that it has completed a $ 1.8 mm subordinated convertible debenture funding started in March 2007 by Trafalgar Capital Advisors, a Luxembourg based Alternative Investment Fund.
As part of the funding agreement CMARK is proceeding with the filing of an SB2 registration with the SEC. The law firm of K & L Gates out of Miami, FL. is handling the registration.
Trafalgar Capital Advisors has also provided additional working capital through several project specific receivables based fundings, and continues to be a partner for CMARK through financing transactions totaling several million dollars using a variety of innovative structures.
“Reaching out and connecting with institutional financing sources, particularly internationally, is an important step in our overall capital structuring plan,” indicated Charles W. Jones, President and CEO of CMARK. “We also feel we are showing the financial marketplace that SDVOSB companies are an attractive option to invest in, as well as letting the SDVOSB community realize that there are capital sources out there that will support their cause. Recent enactment of public laws has given these qualified companies more opportunity, but the reality of capitalization needs is a hurdle that
needs to be addressed.”
About CMARK International, Inc.:
CMARK International provides a wide array of services and products in the areas of construction, interior systems and hospitality operations to federal government institutions and facilities. As one of the best-established and largest Service-disabled Veteran-owned Small Businesses (SDVOSB), CMARK has built a strong franchise to meet the federal procurement opportunity represented by the Veterans Benefits Act of 2003 (Public Law 108-183) which requires U.S. government agencies and prime contractors to earmark three percent of all federal procurement dollars to high quality SDVOSB firms. For more information, visit http://www.cmark.org.
Forward Looking Statements:
Statements contained in this press release which are not historical facts are known as forward-looking statements as that item is defined in the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Act of 1995. These forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from estimated results. The forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or
implied in the forward-looking statements
Contact:
Jamey Smith
Trinity Media Group, Inc.,
+1-877-574-9222,
ir (at) cmark (dot) org,
for CMARK International Inc.
SOURCE CMARK International, Inc.
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