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SOURCE Grand Perfecta, Inc.
Grand Perfecta, Inc. announces the completion of a US$3 million equity investment from a private investor for three million restricted common shares
TOKYO, July 2, 2014 /PRNewswire/ -- Grand Perfecta, Inc. (OTCBB: GPIW) completed a US$3,000,000 equity fund raise with a non-US investor wherein the company sold 3,000,000 unregistered common shares and included a five year option to purchase an additional 3,000,000 restricted common shares at an exercise price of $1.00 per share.
"We are pleased to have closed on this stock purchase transaction. This equity investment will finance our corporate growth and expansion strategy while allowing us to retire debt and strengthen our balance sheet. This is one more step forward for Grand Perfecta and brings increased operational flexibility to the company," stated Grand Perfecta CEO, Shuya Watanabe.
About Grand Perfecta, Inc. (GPIW)
Grand Perfecta, Inc. is a leading provider of data analysis, research publication and distribution of horse racing and other related information in Japan. Grand Perfecta's management is an experienced team of professionals in the horse racing services industry with over 70 employees. The Company has used its expertise to achieve considerable success with more than one million subscribers in Japan and distributes its product via various media, including print, internet and text messaging and telephonically. The Company also publishes Umajin, a horse racing magazine which is in its 15th year of production. Additionally, Grand Perfecta has produced several books on horse racing and has overseen the production and management of TV programs and events in horse racing and other sports industries. Grand Perfecta is a Nevada corporation with offices in Las Vegas, Tokyo, Hong Kong and Singapore.
Grand Perfecta, Inc. maintains a website at www.g-perfecta.com while financial information can be viewed at www.otcmarkets.com. Investor and other inquires may be directed to firstname.lastname@example.org or call 801-706-9429.
Notice Regarding Forward-Looking Statements:
This news release may contain "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. Statements in this press release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, the accomplishment of any of our plans listed such as sales and the timelines within which such items may be accomplished. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and that which is made publicly available by us from time to time.
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