We entered into this financing arrangement to satisfy our short-term cash requirements to complete the recent acquisitions. The recent acquisitions were made using a combination of cash and stock
Houston, Texas (PRWEB) January 31, 2008
Bederra Corporation (BDRR.pk) President Graham Williams announces the company has entered into an agreement with a private company to provide financing for the company's acquisitions.
"We entered into this financing arrangement to satisfy our short-term cash requirements to complete the recent acquisitions. The recent acquisitions were made using a combination of cash and stock," Mr. Williams said. "Bederra Corporation invoices medical insurance companies for services rendered. Insurance companies traditionally pay slowly, which required the company to seek short-term financing to cover day to day expenses."
Bederra Corporation has 31,416,204 shares of common stock outstanding with 9.1 million shares in the public float as of January 31, 2008.
Safe Harbor Statement
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected.
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