LANDOVER, Md., March 28, 2012 (GLOBE NEWSWIRE) -- IJJ Corporation (IJJP.PK) sent the following announcement it has signed a Conditional Commitment Letter from an undisclosed investment group intending to provide the company with $10 Million USD in working capital. The loan is a non-dilution loan based only on simple interest and principle payments over a term of 10 years. All of the terms and fees of the financing have been agreed upon for funding our Disaster Shelter Management and Responder System (DSMRS).
The funding is for the deployment of DSMRS. In March of 2012, after several months of determination to position IJJC for funding, IJJC's president was able to achieve a major milestone in the history of IJJC by executing an engagement to acquire funding and management support services to finance the deployment of a State Of Art facility to support manufacturing, integration, software development and a customer support service operations.
The investment is also a partnership arrangement not only to provide the above operation requirements, but to financing the establishment of on-going funding requirements to assist IJJC in business expansion, to increase its assets and developing scalable capabilities to capture market share as outline in our business plan. This investment will fund our Go-To-Market plan; a plan that when implemented will make IJJC one of the first to bring an integrated Mobile Disaster Preparedness and Readiness Solution to the Federal, State, local governments and commercial industries.
"IJJC is committed to becoming an internationally recognized brand in less than five to seven years. IJJC has done the necessary research and development and is poised to deliver a robust yet highly unique disaster preparedness and first responder solution to the market. IJJP looks forward to building a long relationship with our investor and with our efforts to add real company value. IJJP will continue to update its shareholders and the investment community, as it looks toward to improved relations in the near future," stated Clifford Pope, President, and CEO of IJJ Corporation.
For more information on IJJ Corporation, please visit: www.ijjc.com
About IJJ Corp.:
IJJ Corp. is a Diversified Technologies company focused on developing high tech solutions for the government and the private sector to provide rapid decisions through information processing. The Company's technologies include: Voice, Data and Video Rapid Conferencing Solutions; Disaster Shelter Recovery Systems; Mobile Disaster Management Systems; Medical Hospital Advisor Systems; IT Management and Consulting Services; Secure Data Center Services; Network Operation Centers; and Enterprise Management Power Suites. The Company's objective is to continue to develop and integrate services and products in order to provide the most comprehensive, cutting edge, turnkey solutions to its clients.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.