WEST PALM BEACH, Fla., Sept. 16, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Black Shopping Channel announced today that it has successfully completed a $125 million deal. The Proceeds will be used to expand TV Viewership Nationwide on Comcast, DirectTV, and Time Warner. The Black Shopping Channel currently airs on Dish Network. The financing structure is a combination of debt and equity in affiliation with a New York Stock Exchange bank.
CEO, Cleveland Gary said "The added $125 million to the company's balance sheet raises the Black Shopping Channel's market value to a $700 million dollar company and growing." Gary is also currently negotiating with other interested Hedge funds and banks to secure more capital for Global Expansion on television as well as the internet.
Gary says that the Black Shopping Channel's global internet presence will achieve TV like revenue numbers with the added commodity of consumer's purchasing products from mobile devices.
By the end of 2015, the Black Shopping Channel anticipates 200,000,000 unique visitors per month at http://www.blackshoppingchannel.com. This opens the gateway for small business owners who can own a free virtual store at http://www.blackshoppingchannel.com to promote their products and have their products seen by 200,000,000 unique shoppers monthly that will visit the BSC online mall at http://www.blackshoppingchannel.com.
Gary says that every small business owner's free BSC virtual online store page can be valued more than each Facebook users page because it is monetized with a free ecommerce shopping cart. This BSC Ecommerce/Social media platform allows each small business owner's BSC virtual online store page to not only share information but to sell their products worldwide without the additional cost to the small business owner of an ecommerce shopping cart.
The Black Shopping Channel is expecting to do an IPO in the near future to have the stock listed and traded on NASDAQ.
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