HWI Global Receives Balance Due on First Tranche of Funding
(firmenpresse) - PITTSBURGH, PA -- (Marketwire) -- 03/12/12 -- HWI Global, Inc. (OTCBB: HWIC), the Pittsburgh-based clean room design builder, announced today receipt of $68,750 from United Securities of Switzerland AG and their US-based representative Zenith Estates, Inc. This amount represents the balance due on the first tranche of funding in the $1 million subscription agreement dated July 14, 2011. With the fulfillment of this first tranche, HWI Global has released 714,284 shares to United Securities of Switzerland AG for a per share price of $0.35.
HWI Global is presently working on several other sources of domestic and international funding.
About HWI Global
HWI Global, Inc. is a leader in clean room design engineering and construction servicing clients in the Life Science, Health Science, Nanotechnology, Microelectronics, and Aerospace industries. Since its incorporation in 2004, HWI Global has effectively constructed classified facilities for R&D, food & beverage, contract manufacturers, and OEM providers. From low volume sterile compounding to high volume manufacturing and packaging applications, HWI Global provides value-engineered solutions for any custom clean room condition. HWI Global and its network of subject matter experts -- from leading architects, engineers, facilities planners, and specialized installers -- effectively design and construct state-of-the-art clean environments in a "turnkey" fashion. For more information, please visit our website at
Forward-looking Statements
Except for the historical information and discussions contained herein, statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Our forward-looking statements are subject to risks and uncertainties. The risks and uncertainties that could cause actual results to differ materially, include, among others, limited access to capital, additional financing requirements, competition, the ability to attract and retain qualified employees, the ability to execute our strategy, the uncertainty of our future operating performance, the inability to manage growth, compliance with government regulations and legal liabilities, the effect of economic conditions in the business sectors in which we operate, and other uncertainties described in the Company's filings with the Securities and Exchange Commission. Many of these factors are beyond our ability to predict or control. In addition, as a result of these and other factors, our past financial performance should not be relied on as an indication of future performance. The Company does not assume any obligation to update any forward-looking statements or other information contained in this news release.
Contact:
Investor Relations:
Mark Kabbash
646-408-2661
or
Media Relations:
Jerry Jennings
561-881-7318
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 12.03.2012 - 07:00 Uhr
Sprache: Deutsch
News-ID 1091695
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
PITTSBURGH, PA
Phone:
Kategorie:
Semiconductors
Anmerkungen:
Diese Pressemitteilung wurde bisher 111 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"HWI Global Receives Balance Due on First Tranche of Funding
"
steht unter der journalistisch-redaktionellen Verantwortung von
HWI Global (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
