BOCA RATON, Fla., Sept. 28, 2012 /PRNewswire/ -- Energy 1
Corporation ("E1") (OTC: EGOC) announces it has closed a
$3 million Senior Secured Credit
Facility with TCA Global Credit Master Fund ("TCA Fund").
Under the terms of the agreement, funds will be made available to
E1 on an as-needed basis, with the initial draw down set at
$600,000.
The credit facility is provided through TCA Global Credit Master
Fund ("TCA Fund"), which seeks to provide financing to small,
growing, private and listed companies. The loan will spur the
company in its growth, as well as allow them to take advantage of
additional opportunities within their sector.
"We are very pleased to be working with TCA," said Raymond T. Brown, Chairman of E1. "With
their professional assistance we're confident about the Company's
expansion and growth plans going forward."
About TCA Global Credit Master Fund
TCA Fund Management Group manages the TCA Global Credit Master
Fund and acts as an advisor to countless small companies from its
offices in the United States,
United Kingdom, and Australia. TCA Fund is a short duration,
absolute return fund specializing in senior secured lending to
small, mainly listed companies in the U.S., Canada, Western
Europe, and Australia. The team has a level of
domestic and cross-border expertise, long-standing experience, and
funding innovations, as is reflected in the number of transactions
completed. This is a specialist business with an investment
approach that fills an important finance gap in many leading
markets. TCA Global Credit Master Fund also provides a unique
conduit for investors seeking uncorrelated returns in the small cap
debt universe.
For information about TCA Global Credit Master Fund, please
visit: www.trafcap.com
About Energy 1 Corporation
Headquartered in Boca Raton,
Florida, E1 develops, manufactures and distributes fuel
efficiency and emission reduction solutions for retrofit on diesel
and gasoline powered equipment. E1's technologies are
available for variable as well as constant speed motors and can be
configured to meet most desires or need.
For more information about E1 Trucks, the TekFuel System, the
ExhausTek or IonTek solutions available for your truck or fleet,
please feel free to contact E1.
For more information, please visit: www.Energy1Corp.com
Forward-Looking Statement: Please be advised that
statements made herein, other than historical data, constitute
forward-looking statements that involve risks and uncertainties
that could cause actual results to differ materially from those
stated or implied by such forward-looking statements.
Contact:
Energy 1 Corporation
561-347-6462
Info@Energy1Corp.com
SOURCE Energy 1 Corporation