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Article: Equus Total Return, Inc. Announces Investment in Sports and Leisure Sector.
- Article from:
- PR Newswire
- Article date:
- June 29, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HOUSTON, June 29 /PRNewswire-FirstCall/ -- Equus Total Return, Inc. ("Equus" or the "Fund") has provided $6.0 million in debt financing to Nickent Golf, Inc. ("Nickent") in connection with an overall transaction involving a previous bridge financing of $2.0 million in April 2007. Nickent will use the proceeds for working capital, strategic marketing and global expansion.
"Our hybrid, the club that made us famous, was in the bag of the US Open winner last weekend," commented Michael Lee, CEO and President of Nickent. "This is a very exciting time for Nickent Golf. All of our products are being played on the PGA Tours. We have more than tripled our ...
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