Advanced Healthcare Technologies, Inc. Receives Letter of Intent for Funding
FARMINGDALE, N.J., Feb. 11 /PRNewswire-FirstCall/ -- Advanced Healthcare Technologies, Inc. is pleased to announce that Birchwood Capital Advisors Group, Inc., a private equity firm with offices in Totowa, New Jersey, has delivered a letter of intent to the Company to provide funding in the amount of $500,000.00 subject to certain conditions being met.
Birchwood Capital is a private equity firm that invests on a principal basis and acts in an agency capacity to procure capital for both profitable and emerging small-cap companies. Birchwood will identify qualified investors and/or institutional funding sources and will further work with Advanced Healthcare Technologies and Advanced Hyperbaric Technologies to provide ongoing financial advice and assistance.
The terms of the letter of intent are yet to be finalized, however, the private placement will be for some form of preferred or restricted common stock and will require that Amie Franklin be hired as President and CEO of the Company. Ms. Franklin is currently on the Advisory Board and has extensive experience in the health care industry, having been COO of Drug Emporium.com and other health care companies.
Birchwood Capital Advisors Group, Inc. is a 12 year old company which has participated in and/or arranged for in excess of One Hundred Fifty Million Dollars over the past 12 years.
Advanced Healthcare Technologies (OTC Bulletin Board: AVHC) is a company that engages in the development and incubation of companies with products and services in the healthcare industry.
"We look forward to working with Birchwood and their clients to increase our capability to go forward to implement the goals of the company," said Phillip Loori, CEO of Advanced Healthcare Technologies, Inc.
For further information, visit the Advanced Healthcare Technologies, Inc. website at www.advancedhealthcaretechnologies.com and visit the Advanced Hyperbaric Technologies website at www.advanced-hyperbaric.com or contact Pacifica Financial Group 949-852-1812 for any inquiries or call Advanced Healthcare Technologies directly at 800-327-4325.
SOURCE Advanced Healthcare Technologies, Inc.
CONTACT: Pacifica Financial Group, +1-949-852-1812, for Advanced
Healthcare Technologies, Inc.; or Advanced Healthcare Technologies, Inc.,
+1-800-327-4325
Web site: advanced-hyperbaric.com
Web site: advancedhealthcaretechnologies.com
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