Vancouver, BC – 360 Capital Financial Services Group Inc. (“360” or the “Company“) (CSE:TSZ, FWB: C5B) announces that it has identified an established national company in the technology sector, with which it is in the midst of discussions with respect to a possible business combination. Due diligence is underway, and if and when an agreement is signed in respect to this potential transaction, further details will be released.
“360 Capital Financial is actively pursuing alliances in the technology sector, specifically with companies that have demonstrated a track record with significant revenue growth and require capital to scale their proven business models,” noted 360 Mr. George Tsafalas, interim President and CEO. “360 is focused on companies with strong management and corporate governance in place where the capital can be deployed to achieve growth results in the near term,” added Mr. Tsafalas.
Subsequent to the closing of its recent private placement, the Company has approximately $1,600,000 in cash, and is actively reviewing potential business opportunities..
About 360 Capital Financial Services Group Inc.
360 Capital Financial Services Group, through our subsidiaries and affiliated companies, provides a broad range of financial services to emerging private and public companies. We “Connect Capital to Growth” by providing corporate finance advisory, merchant banking, IPO consulting and business advisory services for our clients.
For further information, please contact:
George Tsafalas, President
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions, dependence upon regulatory and shareholder approvals, the execution of definitive documentation and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.