TCA provides $2MM Loan and Equity Facility to US Public Medical Device design and distribution Corpo
Added: (Wed Jan 25 2012)
Pressbox (Press Release) -
(LONDON – 24 January 2012) TCA Fund Management Group announced today that it has provided a $2,000,000 million dollar Committed Equity Facility to US Public Medical device, design and distribution Corporation Revolution Medical, headquartered in South Carolina.
The unique structure combining a convertible loan with an ongoing equity financing commitment was provided through the TCA Global Credit Master Fund LP, TCA’s master feeder fund that seeks to finance small, growing, private and listed companies. This loan will spur the company in its growth, as well as allow them to take advantage of additional opportunities in their sector.
The company designs, develops, and commercializes auto retractable vacuum safety syringes. It is developing RevVac auto retractable vacuum safety syringe, which is designed to reduce accidental needle stick injuries and lower the spread of blood borne diseases. The company also develops a suite of proprietary magnetic resonance imaging software tools. It has a strategic manufacturing agreement to manufacture its syringes. The company was founded in 1996.
TCA Fund Management Group manages the TCA Global Credit Master Fund and acts as an advisor to countless small companies from its offices in the United States, United Kingdom and Australia. TCA is a short duration, absolute return fund specializing in senior secured lending to small, mainly listed companies in the U.S., Canada, Western Europe and Australia. The team has a level of domestic and cross-border expertise, long-standing experience and funding innovations, which is reflected in the number of transactions completed. This is a specialist business with an investment angle which fills an important finance gap in many leading markets. TCA has created a unique conduit for investors seeking steady, uncorrelated returns in the SME universe.
For more information:
info@trafcap.com
+44 (0)20 7612 7325
www.trafcap.com
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TCA Global Fund Management is the investment manager for the TCA Global Credit Master Fund and acts as an advisor to countless small companies from its offices in the United States, United Kingdom and Australia. TCA is a short duration, absolute return fund specializing in senior secured lending to small, mainly listed companies in the U.S., Canada, Western Europe and Australia. The team has a level of domestic and cross-border expertise, long-standing experience and funding innovations, which is reflected in the number of transactions completed. This is a specialist business with an investment angle which fills an important finance gap in many leading markets. TCA has created a unique conduit for investors seeking steady, uncorrelated returns in the SME universe.
For more information:
info@trafcap.com
+44 (0)20 7612 7325
www.trafcap.com
Forward Looking Statements
This press release includes statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). TouchIT Technologies, Inc. claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," or "anticipates," and do not reflect historical facts.
Specific forward-looking statements contained in this press release include, but are not limited to: impact of the company's expansion plan, and new business development success, future financial results, development and acquisition of new product lines, the impact of competitive products or pricing from technological changes, the effect of economic conditions and other uncertainties.