LOS ANGELES, August 12 /PRNewswire-FirstCall/ -- Fountain Healthy Aging Inc. announced on August 12 2009 that it had entered into an agreement with Dunn Capital Partners and Oak Resources Limited which provides the Company with a $5,000,000 Equity Line of Credit investment. Under the terms of the agreement, Fountain has the right to draw down from the Equity Line Investment in tranches of up to $1,000,000 each, for a term of 24 months. The first tranche investment of $1,000,000 was drawn down by Fountain on August 10 2009.
Fountain CEO, Paul Hunston, said "We are very pleased to have secured this $5,000,000 equity line of credit, which will enable us to fully implement our business plan and accelerate the Company's growth both within the US and internationally. This is great news for both Fountain and its shareholders."
Michael Bailey, head of Equity Capital markets at Dunn Capital Partners said: "We take pride in our ability to identify companies with strong management teams, growth potential and competitive advantages. We are delighted that through Oak Resources, we have been able to make this investment in Fountain. We think Fountain is perfectly positioned to leverage its high quality and natural product range and take advantage of its unique positioning in the market place. We look forward to working with Oak Resources and Fountain in helping the Company realize and execute its full growth potential."
About Fountain Healthy Aging
Fountain Healthy Aging is a company specifically focussed in the anti
aging industry, which is one of the quickest growing industry sectors
worldwide. We have a range of products targeted at the anti-aging market,
including our revolutionary flagship product Vitalife, which we believe is
ready to make a massive impact in the anti-aging industry. We recognize the
importance of the anti-aging sector, an emerging dynamic within the overall
|SOURCE Fountain Healthy Aging Inc|
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