Darryl Laws of Jermyn Street Capital Partners Completes a $650,000 Bridge Loan to ITIQ Solutions

The funds are to be used as general working capital to facilitate ITIQ Solution's robust growth.
By: Lucia Matthews
 
Feb. 3, 2011 - PRLog -- LA JOLLA, CA – Jermyn Street Capital Partners, LLC. (JSCP) today announced that it has completed an eighteen month term, $650,000 collateralized convertible preferred non subordinated senior debt bridge loan (the “Loan”) to ITIQ Solutions Inc. (ITIQ).  The funds are to be used as general working capital to facilitate the Company’s robust growth.

In 2010, JSCP originated and funded:  eight (8) bridge loan transactions for Ayers Rock Capital’s family office, arranged the $50 million sale of sixty-seven Burger King restaurants and funded a ten-megawatt waste to energy project in Florida.

"We continue to effectively deploy our client’s capital as we source attractive investments," said Darryl Laws, Managing Member of Jermyn Street Capital Partners.  "This latest loan adds further scale, diversity and safety to our clients’ portfolios.  We have a number of competitive advantages in the marketplace, including our reach, experience and relationships, allowing us to tailoring our client’s financings to borrowers' unique needs."

About Jermyn Street Capital Partners, LLC.

Jermyn Street Capital Partners, LLC. is a family office investment advisor that represents five Southern California families and one Mexico City based family in making their respective investment decisions by: vetting, analyzing, economic modeling, structuring, negotiating, and documenting investments in the domestic and international markets, respectively.  JSCP's investment objective is to provide clients with a high yield and the preservation of capital.  The firm is based out of La Jolla, California and has
representative offices in Austin, New York, Shanghai and London.

About ITIQ Solutions Inc.

ITIQ Solutions Inc. is a privately held company that specializes in providing key, innovative and secure IT solutions that consider all aspects of a business.  ITIQ's industry experience and IT best practice applications ensure a cost effective IT support environment, whether it is consulting or out-sourced capacity. Further details can be found on ITIQ’s website at http://www.itiqsolutions.com.

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Disclosure Notice

Statements in this release that are not historical facts are forward looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon management's belief as well as assumptions made by and information currently available to management. Because such statements are based upon expectations as to future economic performance and are not statements of fact, actual results may differ from those projected. Factors that could cause actual results to differ materially from JSCP’s expectations include completion of pending investments, continued ability to acquire additional investments, economic conditions, and other risks detailed from time to time in its client’s reports filed with the SEC.
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Source:Lucia Matthews
Email:***@dialogo.us Email Verified
Zip:92037
Tags:Darryl Laws, Darryl Laws La Jolla, Darryl Laws San Diego, Jermyn Street Capital Partners Llc, Kinagen, Inc.
Location:La Jolla - California - United States
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