Investments through Ironridge Consumer Co. will enable acceleration of Company growth, expansion of product lines and new business division
CARSON CITY, Nev. , Sept. 25, 2012 /PRNewswire/ -- Rapid Fire Marketing (Pink Sheets: RFMK) a developer, producer and distributor of vapor inhalers announced today that the Company has obtained its first institutional investments from Ironridge Consumer Co., a division of Ironridge Global IV Ltd . The first investment which is nearly $700,000 will enable Rapid Fire Marketing to settle accounts payable and significantly increase its inventory of vapor inhalers, expand its product line and business operations via a new division. Additionally, the costs of the Company getting to fully reporting status will be offset significantly via the Ironridge investment.
The second funding is a $1.5 million cash financing which will enable the Company to more than meet all financial obligations as well as expand its business on all fronts. The term of this deal is for 30 months whereby Rapid Fire Marketing will receive $50,000 in funding per month.
"We are impressed with the disruptive potential of Rapid Fire Marketing's vapor inhaler technology," commented Brendan O'Neil, Managing Director of Ironridge Global. "We are pleased to have the opportunity to help facilitate further distribution to consumers."
"I am elated that we have obtained an institutional investment for the Company. This is rare at the Pink Sheet level to get an investment of this size. With most all of our financial concerns now solved, we can really get to work growing this business," said Tom Allinder , CEO of Rapid Fire Marketing.
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