Southridge Capital Management LLC Managed Funds Provide up to $10 million Financing to Global Matrechs, Inc.
20 September 2004 - 6:48PM
PR Newswire (US)
Southridge Capital Management LLC Managed Funds Provide up to $10
million Financing to Global Matrechs, Inc. RIDGEFIELD, Conn., Sept.
20 /PRNewswire/ -- Southridge Capital Management LLC
("Southridge"), a private investment firm that provides investment
capital to small and microcap companies, is pleased to announce a
financing facility of up to $10 million between funds it advises
and Global Matrechs, Inc. (OTC Bulletin Board: GMTH) Global
Matrechs' core business is to convert licenses it has acquired in
emerging technologies from the nuclear energy, environmental and
chemical industries, into manufactured products, primarily via
sub-licensing to manufacturers. EKOR(TM) is one key product used
for nuclear waste remediation, a non-toxic form of polyurethane and
various other applications. Michael Sheppard, Chief Executive
Officer of Global Matrechs, stated, "We are pleased to have
partnered with Southridge in the financing of Global Matrechs. This
financing from an experienced, institutional partner will allow us
to compete in the massive worldwide clean up and securitization of
radioactive dust from neglect and help mitigate a clean up of
nuclear waste products. Additionally, this gives us the opportunity
to undertake strategic acquisitions as the opportunities arise. We
view this facility as a valuable tool, which hopefully will
accelerate the growth of Global Matrechs, Inc., as we work to
commercialize the enormous applications of the cutting edge
technologies we hold and those we are anxious to acquire." "We are
pleased to financially assist Global Matrechs in deploying their
advanced product line and furthering the growth of the company and
its objectives," said Stephen Hicks, Founding Principal at
Southridge. About Southridge: Since its founding in 1996,
Southridge advised funds have provided in excess of $1 billion in
growth capital to emerging companies. Southridge is committed to
funding companies with robust business models domestically and
abroad. DATASOURCE: Southridge Capital Management LLC CONTACT:
Steve Bruce, or Ann Taylor Reed, both of Abernathy MacGregor Group,
+1-212-371-5999, for Southridge
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