BELGIUM, Wis., Nov. 25 /PRNewswire-FirstCall/ -- Mach One Corporation (Pink Sheets: MNCN), a biological solutions company that develops products that produce a positive long term benefit to the agricultural and consumer market, announces the closing of $550,000 in capital funding.
This round of funding will help Mach One finance both its development and marketing initiatives, and fuel the company's growth. The initial objectives will be the movement into full scale production of the Bridge(TM) product suite as well as the development of the China market.
"We are very pleased to have won the trust of new investors that during the period prior to the acquisition of Pacific Rim Foods, Ltd. that we announce yesterday, contributed capital that allowed us to ramp up production of our Bridge(TM) products without having to wait for the closing of the Pacific Rim deal," commented Monte B. Tobin, CEO of Mach One. "We would like to thank Commonwealth Capital Corporation of Tiburon, CA for its professionalism and extremely quick placement of these funds through its investor contacts," continued Tobin. "Jedd Dunas and Commonwealth Capital were a pleasure to work with on this financing round and we are so happy to have the group of investors he brought to Mach One. This capital along with the capital we acquired from Pacific Rim allows us to execute on our business strategy for at least 12-18 months. We are excited to use the full expertise of these investors that are all successful business leaders in their own right to help Mach One's future growth."
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 Jilin Jimei Foods Ltd. ( www.jimeifoods.com.cn ) Brand and Interests the company specializes in growing, canning and marketing the first sweet corn brand in China. The successful operation of its agricultural and processing business has allowed Pacific Rim Foods Ltd. to enter the growing China food market initially in the agricultural and consumer market. Through its Empire Energy Corporation International ( www.empireenergy.com ) interests the company has investment in the oil & gas exploration sector. Mach One now has development stage interests in corn, oil and milk commodities.
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 September 18, 2008.
SOURCE Mach One Corporation
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