Bootie Beer Corporation Enters into an Agreement with KMA Capital Partners to Fund up to $25 Million for Strategic Acquisitions
Bootie Beer is strategically selecting and targeting companies that can bring economies of scale and immediate revenues and profits to the Company.
12/02/07 Bootie Beer Corporation, brewer of Bootie Beer and Bootie Light, branded as "America's Entertainment Beer," announced that the Company has entered into an investment banking agreement with KMA Capital Partners, Inc. to raise up to $25 million for the Company. Net proceeds will be used to fund Bootie Beer Corporation's acquisition strategy. Bootie Beer is strategically selecting and targeting companies that can bring economies of scale and immediate revenues and profits to the Company.
Tania M. Torruella, CEO of Bootie Beer, said, "Our agreement with KMA Capital Partners will enable us to pursue strategic acquisitions that are generating revenues and profits. This strategy will open many doors for the Company, immediately improving our financials, and increasing shareholders' equity. We will be working closely with KMA Capital to guide us through a successful execution."
Doug Calaway, president of KMA Capital, commented, "Bootie Beer Corporation is a young, aggressive, public company with a tremendous amount of potential. We are impressed with their management team, their history, and their innovative business model. Our goal is to advise and help them structure a plan, so the Company can achieve their model objectives, and become a strong public company."
Torruella concluded, "We anticipate closing on one-to-two key acquisitions by the end of the second quarter of 2007, which will position us to close the year with strong year-over-year growth, and improved financials. This new relationship with KMA Capital gives our Company a huge opportunity to reach a new operating level."
