COLORADO SPRINGS, Colo.,
Oct. 21, 2014 /PRNewswire/ -- STL
Marketing Group, Inc. (the "Company") applied for and received its
new Letter of Interest from the Export-Import Bank of the United States ("Ex-Im Bank" or
"Ex-Im"). The Letter of Interest No. LI603967XX, is for the
development of the Company's proposed wind park in Costa Rica, where the US content is estimated
to be $36,000,000.00. Based on
these amounts, Ex-Im Bank's estimated financing package would be
$36,000,000.00.
"We began this new application some time ago, and are pleased to
have received the new letter. Ex-Im Bank has a new, more
detailed approach, for the application process that took longer
than previous instances. Debt financing is an important
component as we continue to pursue the wind park project and we are
grateful for Ex-Im's ongoing support. While the Costa Rican
government is undertaking their internal analysis, which has in
turn, placed all private projects on-hold, we want to ensure we
have this critical component in place as we continue to pursue the
matter. We are pleased to have the letter in place and wanted
our shareholders to know," said Jose P.
Quiros, the Chief Executive Officer of STL Marketing Group,
Inc.
About STL Marketing Group, Inc./ Versant Corporation
STL Marketing Group, Inc. (OTC: STLK), has two business
interests. It has been pursuing the development of a
renewable energy facility (wind park) in Costa Rica through its wholly owned subsidiary
Energia Renovable Versant SRL. It also has a wholly owned
subsidiary, PhoneSuite Solutions, Inc., that distributes, promotes
and sell the PhoneSuite® brand of VOIP IP based
PBXs on an exclusive basis to the international market and the
Small Business Market (SMB) in North
America.
This news release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plan,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. These statements are subject to
uncertainties and risks including, but not limited to, product and
service demand and acceptance, changes in technology, economic
conditions, the impact of competition and pricing, government
regulation, and other risks described in statements filed from time
to time with the Securities and Exchange Commission. All such
forward-looking statements whether written or oral, and whether
made by or on behalf of the Company, are expressly qualified by the
cautionary statements that may accompany the forward-looking
statements. In addition, the Company disclaims any obligation to
update any forward-looking statements to reflect events or
circumstances after the date hereof.
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SOURCE STL Marketing Group, Inc.