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New York, NY: Superior Ostrich announces Private Equity Placement

Superior Ostrich Inc., announced that on July 1, 2014, they entered into a placement agent agreement with Phoenix Financial Services.

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PRLog - Jul. 31, 2014 - Superior Ostrich Inc., a Texas-based company dedicated to the development of high quality ostrich products, announced that on July 1, 2014, they entered into a placement agent agreement with Phoenix Financial Services (phoenixinc.com), who will promote and sell up to 2.0 million shares of their common stock in a private equity placement. The offering is projected to secure up to $10 million in gross proceeds for Superior Ostrich (before the deduction of placement agent fees and other offering expenses).*

Superior Ostrich will allocate funding to the expansion of marketing and infrastructure and for working capital. Furthermore, they will purchase additional chicks, initiate commercial harvesting, retire debt, procure equipment, and improve ranching operations. These enhancements and additions are projected to generate revenues of $200 million by 2019.*

Currently, senior vice president of ranch operations and agriculture, Reginald ‘Reg’ Lindberg, oversees Superior Ostrich’s 1200 bird flock, utilizing  over 30 years of experience to address the market demand for ostrich products, maintain wholesale and retail pricing stability, and promote consistent growth of both ostrich hide and meat products.  Specifically, the company is poised to deliver an alternative nutritious meat option for the health conscious, quality ostrich hides for purveyors of exotic footwear and accessories, and other in-demand ostrich by-products.*

*Safe Harbor:The offer/sale of Superior Ostrich common stock is a private sale subject to exemptions from registration under the Securities Act of 1933. This does not constitute an offer to sell, nor is it a  solicitation to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

*This press release includes forward-looking statements that are based on the Company’s current position and current expectations. Due to various uncertainties, there can be no assurance that the forward-looking statements and implications asserted in this release will in fact occur.

Media Contact
Jose Soto

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Source:Superior Ostrich
Location:New York - United States
Industry:Agriculture, Finance
Tags:ostrich, phoenix financial, superior ostrich, reg lindberg
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