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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Kendall Square Research Corporation (CE) | USOTC:KSQR | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0001 | 0.00 | 01:00:00 |
From Jun 2019 to Jun 2024
LAS VEGAS, Aug. 30 /PRNewswire-FirstCall/ -- Kendall Square Research, Inc. (Pink Sheets: KSQR) announces the signing of a loan agreement to fund the expansion of the Company's two divisions – Luxury Hoods and High Efficiency Commercial Lighting. The finance program would be through a line of credit up to $4,000,000 from a local bank or financial institution arranged for and secured by the finance source, without any Company stock involved in the loan agreement.
Management stated, "We are pleased to have this finance source working with us to fund the expansion of our two divisions as well as seek other green energy company acquisitions. With the present economy conditions, this finance partnership is a major accomplishment by the Company."
It is projected that the funding through the line of credit would begin within 45 days. The line of credit can be increased if needed as our expansion and acquisition plans materialize.
About Kendall Square Research
Kendall Square Research, Inc. (KSQR) is a Holding Company with targeted acquisitions in specialty equipment for residential home customers and green energy products. Luxury Kitchens Hoods LLC is the first acquisition. The second division of Kendall, High Efficiency Lighting, is a player in the commercial lighting industry with their product capability of reducing lighting energy by 50% in the nation's highways, roadways, city streets, parking lots, building lights etc.
For Additional Information, go to the Website: www.kitchenhood.com
This press release contains certain "forward-looking statements" within the meaning of federal securities laws intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "target," "objective," "goal," "plan" and similar expressions. There are certain business risks and uncertainties that could cause actual results to differ materially from those indicated by such forward-looking statements.
SOURCE Kendall Square Research, Inc.
Copyright . 30 PR Newswire
1 Year Kendall Square Research (CE) Chart |
1 Month Kendall Square Research (CE) Chart |
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