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Bio-One Corp. Receives $15 Million Investment
March 3, 2003
1 Min Read
Bio-One Corp. Receives $15 Million Investment
ORLANDO, Fla.--Bio-One Corp. (OTCBB:BICO) signed aterm sheet with the Bermuda-based Investors Corp. for a $10 million term loanfacility and $5 million revolving credit facility. Closing is scheduled for Feb.24 upon completion of due diligence. The funds will be used to close on a seriesof acquisitions expected to generate approximately $54 million in revenues.
"The capital and the closing on these acquisitions willfacilitate the company's American Stock Exchange application, which isanticipated to be submitted during the first quarter," said ArmandDauplaise, president and chief executive officer of Bio-One, an emerging growthcompany in the nutrition supplements industry.
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