ABHI Signs Term Sheet With Pioneer Capital
MILPITAS, CA–(Marketwired – Sep 22, 2015) – AmbiCom Holdings, Inc. (OTCQB: ABHI) today announced that it has executed a term sheet for a term loan facility with Pioneer Capital of Irvine, California.
“This debt facility will give us access to up $2,500,000 in non-dilutive debt. We intend to use the proceeds to retire our convertible notes and to grow our Active Optimization business. The note is scheduled to close within six weeks,” stated John Hwang, Chairman and CEO of AmbiCom Holdings, Inc.
About AmbiCom Holdings, Inc.
AmbiCom is headquartered in Milpitas, California, and was a leading designer and developer of innovative wireless hardware, with more than one million devices sold worldwide. Now it is focusing on tuning software products optimizing complex IT environments, servers, and personal computers. AmbiCom believes there are unique opportunities as a result of the sheer size of the IT, server, and PC marketplace and the Company’s innovative approach and exemplary customer services. For more information, visit www.ambicom.com.
This press release contains “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. Although forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements, including but not limited to our ability to maintain our website and associated computer systems, our ability to generate sufficient market acceptance for our products and services, our ability to generate sufficient operating cash flow, and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the Securities and Exchange Commission from time to time which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one of more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
AmbiCom Holdings Inc.
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