International Consolidated Companies Inc(INCCE)Kodiak Capital Inks Agreement for Purchase of up to $ - 500 Beiträge pro Seite

[bombastik]

Kodiak Capital Inks Agreement for Purchase of up to $10 Million of INCCE Nonconvertible Preferred Stock
SARASOTA, FL and NEW YORK, NY--(Marketwire - 04/26/10) - International Consolidated Companies, Inc. (OTC.BB:INCCE - News) today announced that the Company has entered into a nonconvertible preferred stock purchase agreement with Kodiak Capital Group, LLC ("Kodiak"), a Delaware limited liability company. Pursuant to the purchase agreement, the Company will receive up to $10 million in capital over the next 12-months.

The Company agreed to sell up to 1000 shares of its Series B Nonconvertible Preferred Stock, in one or more tranches from time to time. The tranches will be sold at the Company's sole discretion, at a purchase price of $10,000 per share, for an aggregate issue price of up to $10 million. With each tranche, Kodiak will also receive five-year warrants to purchase shares of the Company's common stock. The exercise price of the warrants will equal the closing bid price of the Company's common stock on the date the Company provides notice of a tranche to Kodiak.

"We believe INCCE has solid potential and are pleased to have the opportunity to assist in funding the company's future while providing an investment opportunity for our group," said Charles DeVerna, Director of Business Development, Kodiak Capital Group LLC.

Funding under the agreement with Kodiak is subject to the satisfaction of a number of conditions, including the effectiveness of a registration statement that the Company will file with the Securities and Exchange Commission relating to the common stock that Kodiak may purchase under the warrants.

"We are pleased to secure a financing source that will support the Company's continued growth," commented Antonio F. Uccello III, CEO and Chairman of the Company. "The flexibility of this committed financing will improve the Company's ability to achieve critical milestones as we continue to assess and acquire complementary businesses."

About International Consolidated Companies, Inc.

International Consolidated Companies, Inc. (http://www.INCC.us/) is a publicly traded company listed under the symbol 'INCCE'. INCCE's focus is on acquiring and operating businesses that enhance and expand their Business Process Services (BPS) offerings. 1 2 1 Direct Response (http://www.121directresponse.com/) is a wholly-owned subsidiary of INCCE offering full-service direct response consulting, idea development, and campaign execution organization. With over 600 employees and outbound and inbound contact center stations; a full-service direct mail design, printing, fulfillment, and mailing facility; and direct response expertise in nonprofit and commercial direct marketing, 1 2 1 provides its clients with turnkey direct response service.

About Kodiak Capital Group, LLC:

Kodiak Capital Group, LLC is engaged in assisting growth companies in all facets of their long term strategy by providing capital and progressive business solutions. Kodiak manages a portfolio of investments in public and private equities. Founded in 2009, Kodiak has transacted in excess of $250 million in financing for companies across a multitude of industries, including biotechnology, business services, consumer products, defense, healthcare, Internet, manufacturing, medical devices, natural resources, oil and gas, renewable energy and wireless communications. Headquartered in New York City; Kodiak has assisted companies throughout North America and Australia.

Website: http://www.kodiak-capital.com/
http://finance.yahoo.com/news/Kodiak-Capital-Inks-Agreement-…

[bombastik]

Up 462% in one day is pretty darn good!

[bombastik]

http://twitter.com/otcpicks/statuses/12971912785

[bombastik]

Antwort auf Beitrag Nr.: 39.413.690 von bombastik am 28.04.10 07:33:33

http://asbointernational.org/price-jumps-to-watch-out-incce-…

[bombastik]

INCCE - great post from another board: "INCCE 27-Apr-10 09:02 pm
This company has revenues that should exceed 21,000,000 this year. They are earning money. The share structure is great with a very low float and major insider ownership at this point.

New financing was just announced on 4/26...for Non-convertable preferred shares in exchange. Quarterly report soon to be out in next few days to a week showing revenue growth. New signed contracts with WallStreet firm for over 2Million in new revenue.

This stock is way undervalued....even after the huge run of the last 2 days. It was trading at .30 just a couple of months ago....with the new financing and good revenues it should go much higher than .30 IMO.

Good luck and buy when you can and as much as you can. It's going higher.

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zeit wird es ja ,ich habe nun auch lange genug gewartet