Sector 10, Inc. Announces Funding Agreement
08 Dicembre 2009 - 1:00PM
Marketwired
SECTOR 10, INC. (OTCBB: SECI) (FRANKFURT: 4SR1)
Sector 10, Inc. announced today that it had reached a funding
agreement with Sector 10 Holdings, Inc. which will provide the
Company with a stronger cash position to take advantage of its
current market opportunities, handle its short-term liabilities and
fund its operations. On November 10, 2009, Sector 10 Holdings
engaged a consultant to assist in securing the capital for the
benefit of the Company. The funding agreement is expected to carry
the company into 2010, funding sales and other projects already in
the pipeline. All funding under this arrangement is expected be
completed in the 4th quarter of the fiscal year ended March 31,
2010.
Company CEO Pericles DeAvila stated that the funding was key in
implementing the company's strategy in 2010, "The future of our
technology and its systems are imminent." He further stated: "I
know Sector 10 is the right company in the right place at the right
time and the proof of this fact, was released in the 2009 National
and International Fire codes."
Challenges in 2009 gave rise to a renewed and stronger
determination in achieving the objectives set forth in January
2009. Sector 10's pre-deployed cutting edge self-rescue tools and
processes are designed to reduce the guesswork for individuals
affected by an incident and provide first responders with
additional resources at their command to save lives.
About Sector 10, Inc.
Sector 10, Inc. is redefining the emergency response paradigm
from centralized equipment staging to onsite pre-deployed
resources. Sector 10 is the only emergency response systems company
so strongly emphasizing pre-deployed resources as the way to save
lives, avert injuries, reduce liability and to "Bridge the Survival
Gap." http://www.sector10inc.com.
FORWARD-LOOKING STATEMENTS
This press release may include "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical facts,
included in this press release that address activities, events or
development that the company expects, believes or anticipates will
or may occur in the future are forward-looking statements. These
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the Company,
which may cause the Company's actual results to differ materially
from those implied or expressed by the forward-looking statements.
The Company assumes no duty whatsoever to update these
forward-looking statements or to conform them to future events or
developments. www.sector10inc.com
Contact: Sector 10, Inc. Email Contact
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