Political Technologies Completes Bridge Loan Financing
Posted: Wednesday, August 26, 2009 by evoternews [Source]
FOR IMMEDIATE RELEASE
MIAMI – August 26, 2009 – Political Technologies LLC, the owner of eVoter™ and www.evoter.com, announced today that it completed its first round of financing: a $600,000 offering of 10% Notes which are convertible into equity in the next fundraising round.
“Completing this financing round means we will have the resources to fully develop the eVoter™ website in time for the Illinois primaries in February, which are the first in the nation,” said Adam Kravitz, the Company’s CEO and co-founder.
“We expect to be up and running by the end of October,” added president and co-founder Philip Muller. “eVoter™ will provide a game-changing platform for candidates and organizations to connect with voters in Illinois, and eventually across the country.”
About Political Technologies LLC:
Political Technologies LLC is the owner of eVoter™.com, a strictly non-partisan website which allows voters, political campaigns, and organizations to connect with each other through an interactive ballot utilizing the Company’s proprietary technology. Voters can find information and communicate with political campaigns, candidates can post profiles, get campaign management tools and take contributions, and organizations can publicize their endorsements.
Safe Harbor Statement: In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, the Company notes that some statements in this news release look forward in time, and involve risks and uncertainties that may affect the company’s actual performance and results of operations.
POLITICAL TECHNOLOGIES LLC COMPLETES $600,000 BRIDGE LOAN FINANCING
MIAMI – August 26, 2009 – Political Technologies LLC, the owner of eVoter™ and www.evoter.com, announced today that it completed its first round of financing: a $600,000 offering of 10% Notes which are convertible into equity in the next fundraising round.
“Completing this financing round means we will have the resources to fully develop the eVoter™ website in time for the Illinois primaries in February, which are the first in the nation,” said Adam Kravitz, the Company’s CEO and co-founder.
“We expect to be up and running by the end of October,” added president and co-founder Philip Muller. “eVoter™ will provide a game-changing platform for candidates and organizations to connect with voters in Illinois, and eventually across the country.”
About Political Technologies LLC:
Political Technologies LLC is the owner of eVoter™.com, a strictly non-partisan website which allows voters, political campaigns, and organizations to connect with each other through an interactive ballot utilizing the Company’s proprietary technology. Voters can find information and communicate with political campaigns, candidates can post profiles, get campaign management tools and take contributions, and organizations can publicize their endorsements.
Safe Harbor Statement: In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, the Company notes that some statements in this news release look forward in time, and involve risks and uncertainties that may affect the company’s actual performance and results of operations.
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