- June 04, 2010
- Brand Neue Corp. Closes $1.265M Private Placement
June 4, 2010 - Bentonville,
Arkansas - Brand Neue Corp (OTCBB Symbol: BRNZ) ("Brand Neue" or
the "Company") is pleased to announce that it has closed a
non-brokered private placement (the "Private
Placement") with multiple accredited investors (the
"Investors") resulting in aggregate proceeds to
the Company treasury of $1.265M USD to fund inventory purchases,
product innovation and general corporate purposes.
The Private Placement represents an investment by the Investors in
Brand Neue comprised of investment purchase financing consisting of
2,530,000 (two million, five hundred thirty thousand) common shares
("Common Shares") of the Company at a price of
$0.50 per share for aggregate proceeds to the Company of
$1,265,000.00 (one million, two hundred and sixty five thousand
dollars).
"We are extraordinarily pleased by the completion of this
transaction, and also with the quality and enthusiasm of new
investors in the Company," says Brand Neue CFO, Bev Harrison. "This
capital will be used primarily for inventory purchases related to
pending purchase orders, which should in turn create momentum and
expedite a cash-flow positive position for the Company."
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on the homepage of the Company website at
www.brandneue.com.
To request investor or product information, please use the Request Information form on
the Brand Neue website. To submit an idea or product for
consideration by Brand Neue executives, please use the confidential
Innovation Submission
form on the Brand Neue website.
About Brand Neue Corp.
Brand Neue Corp. is a product innovation company trading over the
counter on the OTC:BB under the symbol BRNZ. Brand Neue
executives and advisors have more than 300 years of retail, global
sourcing and brand experience and together, are committed to
globally sourcing, developing, marketing, licensing and
distributing innovative new products to retail, manufacturing and
industrial application clients worldwide. For further information,
please contact the Brand Neue office at 1.866.922.7972 or visit
www.brandneue.com
Forward Looking Statements
This current report contains "forward-looking statements", as that
term is defined in Section 27A of the United States Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this current report, which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the
future.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainty of financial
estimates and sales projections, industry trends, the competitive
and regulatory environment for start up companies, stock market
conditions, unforeseen technical difficulties and our ongoing
ability to operate a business and obtain financing. These
forward-looking statements are made as of the date of this press
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking
statements.
Although we believe that our beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurances that such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in the Company's annual report on
Form 10-K, quarterly reports on Form 10-Q and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission pursuant to the Securities Exchange Act.
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