Growth Company TS&B Holdings, Inc. Announces Closing of Second Private Placement Financing Through The Issuance of Restricted Stock
THURSDAY, JULY 08, 2004 9:15 AM
- BusinessWire
ORLANDO, Fla., Jul 8, 2004 (BUSINESS WIRE) -- TS&B Holdings, Inc. ("Company" or "TS&B") (TSBB) , announced it recently completed the partial funding of its second private placement (PPM) financing transaction as a Business Development Company (BDC) through the private sale of Rule 144 restricted stock.

This is the second private placement financing issued to TS&B since becoming a BDC. The PPM was issued for $500,000 for restricted stock at $0.02, a 444% Premium to the market.

The CEO of TS&B Holdings Inc., James E. Jenkins stated, "We're very excited about our second private placement as a BDC using restricted stock. The use of restricted stock to raise equity funds should have a positive effect on our PPS. As stated in earlier press releases we have several financing transactions we are currently structuring using the same or similar strategies. The Company is still receiving positive feedback from the investment community."

About TS&B Holdings Inc.

TS&B Holdings Inc., is a Business Development Company under the Investment Act of 1940 aggressively seeking opportunities in emerging and fast growth industries.

Safe Harbor

The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report Filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

SOURCE: TS&B Holdings Inc.