WGI Holdings, Inc. Signs Agreement for $20,000,000 Funding With First Swiss International Group AG
November 19 2012 - 8:30AM
Marketwired
WGI Holdings, Inc. (PINKSHEETS: WGIH) wishes to announce that it
has signed an agreement with First Swiss International Group Inc.
to act as lead funder on a $20,000,000 private placement and as its
investment consultant and adviser in connection with WGI Holdings'
cloud based business.
"We are pleased to have signed this Agreement with WGI Holdings
and to be able to provide them with the financing necessary to grow
their business," commented Jeff Thompson, President of First Swiss
International Group. "We believe this is an exciting opportunity
for WGI Holdings at a time when cloud computing is just starting to
hit the mainstream. First Swiss will underwrite the offering and
expects to have it closed this year; we will also assist WGI
Holdings with the overall growth strategy."
"We are optimistic that WGI's aggressive plan to develop its
cloud computing business will benefit from First Swiss's
relationships and funding capabilities," commented Gregory Ellis,
President and of WGI Holdings. "Having First Swiss as our strategic
funding and advisory partner is of enormous importance to our
overall execution of our business plan. Will review all
opportunities presented to us by our strategic partner with the
objective to maximize shareholder value."
The scope of work to be conducted by First Swiss, on top of
their money raising commitment, will include representing and
advising WGI Holdings on its business activities and other related
matters including (a) conducting due diligence with respect to
potential target companies and cooperative partners; (b) providing
related advice on procedures involved with merger and or
acquisition targets; (c) assisting in drafting, reviewing,
commenting on and negotiating any related agreements/documents; and
(d) providing ongoing regulatory advice with respect to WGI's
business.
First Swiss International Group AG is a premier, full-service
venture capital, mergers and acquisitions and consulting firm with
recognized foreign direct investment, M&A, and finance
departments.
About First Swiss International Group AG:
First Swiss is a Swiss based commodities trading and asset
management group providing financing and strategic oversight for
development projects between USD $50MM - USD $750MM. First Swiss
seeks equity partnerships in projects of demonstrable directional
and risk advantage and can provide financing with immediacy. Our
investment portfolio includes a range of industries and PPIP
development concepts, and it is our objective to create an
immediate and lasting value impact via our principled and
transparent approach.
For further information please visit: www.firstsig.com
About WGI Holdings
WGI Holdings' goal through its operating subsidiary MyBitCloud
is to become a leading provider of Personal & Business Cloud
services that enable users and organizations to access ALL of their
data, anytime, anywhere, and from any supported device.
MyBitCloud will enable users and organizations to have unlimited
storage capability while also providing backup, synchronization,
access and sharing capability of any file instantly and securely.
More information can be found on our website:
www.mybitcloud.com
FORWARD-LOOKING DISCLAIMER
This summary contains forward-looking statements within the
meaning of the "safe harbor" provision of the Private Securities
Litigation Reform Act of 1995. These statements address future
events and conditions concerning the Company's business plans. Such
statements are based on management's current expectation and are
subject to a number of factors and uncertainties, such as future
economic conditions and changes in anticipated revenues and costs,
which may cause actual results to differ materially. The Company
expressively disclaims any future obligation or undertaking to
update or revise any forward-looking statements contained herein.
Investors and potential investors should independently investigate
and fully understand all risks before making investment
decisions.
For more information contact us at: Susan Millstone MyBitCloud
Inc. Tel: 855-667-8786 FAX: 855-433-4464 Susan@MyBitCloud.com
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