Blast Applications, Inc. Receives $10,000,000 Reserve Equity Financing From AGS Capital Group
August 13 2013 - 8:30AM
Marketwired
Blast Applications, Inc. (PINKSHEETS: BLAP) confirms it has now
received a $10,000,000 Reserve Equity Financing Facility from AGS
Capital Group, LLC, a US based private investment fund, subject to
such financing being registered with the Securities and Exchange
Commission as well as other conditions.
http://www.blastapplications.com/news
The REF is a long term strategic financing partnership that
places Blast Applications, Inc. in control of how and when we raise
equity, minimizing any potential dilution or disruption to our
capital structure. Having AGS Capital Group as a long-term partner
reduces financing uncertainty so we can better focus on achieving
our business objectives.
"Allen Silberstein has a great reputation in the industry and
the Reserve Equity Financing is a company friendly structure to
enable our growth and finance our current business plan." stated
Chief Executive Officer, Dino Luzzi.
"Dino Luzzi is a man who achieves goals and has a long term
vision to create shareholder value. I look forward to partnering
with him as he grows the company," says Allen Silberstein, Chief
Investment Officer of AGS Capital Group, LLC.
About Blast Applications, Inc.
Blast Applications, Inc. is a marketer and developer of
applications for Android, iPhone®, Twitter®, Facebook® and Nokia
with unique opportunity to monetize the web surfer's dedication to
social media sites through direct advertising programs tied to the
Company's tools, applications and websites.
www.blastapplications.com.
About AGS Capital Group, LLC
AGS Capital Group, LLC provides flexible equity and debt
financing solutions for growth-stage and small cap public
companies. AGS Capital Group, LLC invests in public companies
around the world listed on most exchanges. AGS Capital Group, LLC
performs fundamental analysis including credit risk, technical
analysis of market trends and industry, evaluation of management
team experience and corporate structure evaluation. Additional
information may be found at www.agscapitalgroup.com
Forward Looking Statements This release
contains "forward-looking statements" and information provided by
Blast Applications, Inc., such as online, printed documents,
publications or information available via Blast Applications, Inc's
website. It may contain certain forward-looking statements that
involve risks, uncertainties, assumptions and other factors, which,
if they do not materialize or prove correct, could cause Blast
Applications Inc.'s results to differ materially from historical
results, or those expressed or implied by such forward-looking
statements. All statements, other than statements of historical
fact, are statements that could be deemed forward-looking
statements, including statements containing the words "planned,"
"expects," "believes," "strategy," "opportunity," "anticipates,"
and similar words. These statements may also include plans,
strategies and objectives of management for future operations; any
statements regarding proposed new products, services or
developments; any statements regarding future economic conditions
or performance; statements of belief; and any statements of
assumptions underlying any of the foregoing.
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Blast Applications, Inc. www.blastapplications.com
investor@blastapplications.com Nancy Yaisel Torres 646-599-6503