Maitland, FL (PRWEB) February 15, 2014
Stonehenge Telecom Holdings, Inc., (“Stonehenge” or the “Company”) is pleased to announce that it has engaged Forefront Capital Markets, LLC, (“Forefront Capital”) to act as a strategic advisor and placement agent in connection with financing for several opportunities ("Financing(s)"). One of the opportunities entails attaining up to $50 million in capital to fund potential near-term receivables with major Tier-1 Telecom Operators. In addition to these financings, Forefront Capital will advise and support Stonehenge’s Merger and Acquisition strategy.
“The relationship with Forefront Capital is a significant step for Stonehenge in securing near-term financing for our Wholesale Carrier Services Group. We are delighted that our unique business model has attracted the interest and participation of such a highly regarded global financial institution and expect that their participation will further enhance shareholder value,” said Patrick Willemsen, President and Chief Executive Officer of Stonehenge Telecom Holdings, Inc.
“Over the past three years, Stonehenge has been very successful in achieving a number of major milestones within our strategic roadmap and this new advisory relationship with Forefront Capital should accelerate our revenue and income objectives far beyond 2014 and have an immediate impact on our ability to better serve a larger pool of major telecom operators.”
“Stonehenge Telecom is a dynamic emerging growth telecommunications company with a seasoned management team. There are tremendous opportunities for the Company not only in financing its Wholesale Carrier Group but also various applications and services arising from its robust infrastructure and systems. We are proud to work with the Company and look forward to assisting them to attain their growth objectives,” said Bradley Reifler, CEO of Forefront Capital.
Stonehenge Telecom is a facilities-based U.S. telecommunications company with operating units in Europe, Africa and Asia. Positioned as a leading provider of products and services for the telecommunications and financial services industry, Stonehenge offers one of the most advanced suites of technology and wholesale offerings available today. Utilizing our proprietary technology and carrier-grade software products, we are able to provide turn-key solutions for Mobile Network Operators and Financial/Banking Organizations seeking to deploy mobile banking and payment solutions, multimedia products, and various other value-added services available through the mobile device. The Company’s Wholesale Carrier Services Group serves the telecommunications industry as a “Carrier’s Carrier” for Voice/SMS termination, and specifically targets niche markets like Africa and Latin America/Caribbean.
About Forefront Capital:
Forefront Capital is a New York based global wealth management firm that provides investment advisory, asset management and investment banking services. This unique cross-platform architecture enables our investment professionals to provide clients with comprehensive wealth management solutions. Forefront Capital Markets: http://www.forefrontcapitalmarkets.com.
Disclaimer Regarding Forward Looking Statements
Any statements contained herein that are not historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are made subject to certain risks and uncertainties, which could cause actual results to differ materially from those presented. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only to the date such information was released. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after release of this information.
For more information, please visit: http://www.stonehenge-telecom.com.
Jerrad P. Jasper
Chief Marketing Officer