CALGARY, ALBERTA — (Marketwired) — 07/24/13 — Factoring Solutions Inc. (the “Corporation”) announces that it intends to continue expanding and increasing its customer base of oil and gas service companies in the Western Canadian Sedimentary Basin as well as companies involved in the development of LNG terminals and facilities based in British Columbia.
The Corporation will service additional receivable factoring clients with a non-binding commitment to raise up to $15,000,000 over the next twelve months.
About Factoring Solutions Inc.
The Corporation is privately funded and specializes in providing cash flow management for the oil field service and commercial construction industries. The Corporation provides its clients with financing alternatives by providing receivable financing, thereby giving them access to the cash flow needed to grow or manage their businesses without diluting their existing shareholder bases or committing to the long term contractual obligations and restrictions required by conventional lenders.
This press release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of the Corporation, including, without limitation, statements pertaining to the Corporation-s operations. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information.
Contacts:
Factoring Solutions Inc.
Cameron Bawol, CA
Principal and Chief Financial Officer
403-452-6538