Global Earth Energy's (GLER) Partner Hawk Manufacturing Partners With Southstar Capital
November 07 2013 - 9:30AM
Global Earth Energy, Inc.'s (OTCQB:GLER) partner Hawk Manufacturing
(HAWK), announces a partnership with Southstar Capital of
Charleston, SC. Southstar will be providing Hawk Manufacturing and
Trump Equipment Company additional operating capital.
Southstar Capital will initially provide Trump Equipment with a
three year revolving line of credit that initially can be drawn at
up to $2.5 million per month. Hawk/Trump will use these funds for
operating needs, as well as, additional financing for acquisitions.
From time-to-time, Southstar and Hawk/Trump will evaluate the line
of credit and can raise the line as needed for operating needs.
Trump Equipment Company (TEC) is one of the leading suppliers of
trucks, trailers and parts in the Eagle Ford Region. TEC is a full
service company with an upstanding reputation for offering the best
service at optimal prices. The Company has been in business for
over two decades and during that time, they have sold thousands of
trailers and completed thousands more service jobs. Customers come
to TEC because they are a trusted name within the San Antonio, TX
community, and they adhere to the highest standards within the
industry.
TEC has three locations to service the oilfield market in San
Antonio and Victoria, as well as servicing the highway,
construction and housing industries from our warehouse in New
Braunfels.
GLER reports that HAWK a privately held corporations, is
acquiring companies that manufacture complementary products. When
combined, these acquisitions would allow for the sharing of
resources and provide customers diversification opportunities under
a single operating corporation. HAWK intends to keep all
manufacturing US-based preserving and expanding well-paying US jobs
and proving a world class manufacturing company can be built with
US-employees. HAWK intends to use existing credit facilities for
more than $10 million to complete transactions and intends to work
with various states and local governments and finance authorities
on tax incentives, and direct benefits that could top more than $40
million over the life of the company.
For more information about Global Earth Energy please contact
Rich Kaiser, YES INTERNATIONAL, Investor Relations,
757-306-6090.
For more information about Hawk Manufacturing, please contact
John M. Ragsdale, CEO, Hawk Manufacturing at 843-817-6106.
This news release contains forward-looking statements which
involve known and unknown risks, delays, and uncertainties not
under the Company's control which may cause actual results,
performance or achievements of the Company to be materially
different from the results, performance or expectations implied by
these forward-looking statements.
CONTACT: Rich Kaiser, 757-306-6090