Premium Beverage (CE) (USOTC:PBEV)
Historical Stock Chart
From Jul 2019 to Jul 2024
Solar Night Industries, Inc. (OTC Pink Sheets: SLND),
a solar solutions company for consumers, commercial, industrial and
governmental customers, announced today that it has entered into a $1
million financing agreement in the form of callable secured
convertible notes, from various accredited and institutional
investors. The financing includes a funding of an aggregate amount of
$500,000 upon the entry into the financing agreement, and an
additional funding of $200,000 and $300,000 to be provided upon the
satisfaction of certain conditions pursuant to the requirements of the
Registration Rights Agreement. The 6% notes have a three year term and
are convertible into common stock.
The Investment will enable Solar Night Industries to move forward
on its strategic plan to identify and source the best of class solar
technology from its worldwide network and to bring new and innovative
products to the American consumer.
"We are pleased that the institutional investors have decided to
provide Solar Night Industries with $1 million to enable us to build
on our strategic plan to provide customers with what management
believes to be innovative and cutting edge Solar Products and
Technology," stated Jason Loyet, President of Solar Night Industries.
"By extending this opportunity to Solar Night Industries, the
institutional investors have shown their confidence in the future of
Solar Night Industries and its management as well as our ability to
keep the company's place in the ever expanding solar sector of the
alternative energy industry."
About Solar Night Industries, Inc.
Solar Night Industries, Inc., based in St. Louis, Missouri (USA),
is a global manufacturer and distributor of innovative solar products.
The company was founded by technology, manufacturing, and sales
executives with extensive industry experience and proven track records
of success. The company has operations in St. Louis, Missouri and
Sarasota, Florida, with affiliate offices in Mainland China. The
company is developing products for consumer, business, and government
markets. For more information, please visit
http://www.SolarNightIndustries.com.
Safe Harbor Statement
This press release contains forward-looking statements which are
made in reliance upon the "Safe Harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Actual results could differ
materially from the statements expressed or implied herein due to a
variety of factors including, but not limited to: the development of
Solar Night Industries' solar cell technology and solar solutions,
ability to secure additional financing, the successful marketing and
distribution of Solar Night Industries' products market acceptance of
Solar Night Industries' products and technology, competition and
timing of projects and trends in the solar industry, as well as other
factors. The forward looking statements contained herein are made only
as of the date of this press release, and Solar Night Industries
undertakes no obligation to publicly update such forward looking
statements to reflect subsequent events or circumstances.