This round of funding will help Mach One to expand its acquisition growth strategy as well as enhance its internal growth of its Bridge (TM) product suite. Concurrently, the Company will use some of the proceeds to buyback securities recently issued to Empire Energy Corporation as part of the acquisition of Pacific Rim Foods. This buyback at a large discount to current market pricing will effectively allow this funding round to be "non-dilutive" to current shareholders. Details of the buyback transaction will follow in a separate press release.
The Company's internal expansion plans include expanding its current plant
operations in
About Mach One Corporation
Through its wholly-owned subsidiary VDx, Inc. (www.machonecorp.com), the company currently manufactures and sells Bridge(TM), a biological solution that produces a positive long term benefit to the agricultural and consumer market.
Through its wholly-owned subsidiary Pacific Rim Foods Ltd., the company
has Interests in the corn and oil & gas sector in
About Commonwealth Capital Corporation
Commonwealth Capital Corporation (www.commonwealthcapitalcorp.com) is dedicated to providing strategic relationships focused insight, incubation services, and capital to early stage companies that demonstrate exceptional innovation and corporate constituents in the knowledge economy's key growth verticals, including technology, healthcare, media and consumer business services.
Safe Harbor Statement
This press release contains forward-looking information. Readers are
cautioned not to place undue reliance on any such forward-looking statements,
each of which speaks only as of the date made. Such statements are subject to
certain risks and uncertainties which are disclosed in the Company's SEC
reports. These risks and uncertainties could cause actual results to differ
materially from those currently anticipated or projected. Readers are
encouraged to view the Company's risks identified under the caption "Risk
Factors" in the S-1 Registration Statement of the Company as Amended filed
with the Securities and Exchange Commission on
SOURCE Mach One Corporation