One of AZNT's press releases, dated Aug. 5, 1997, refers to a private placement of $5m for funding of direct mail efforts:
Mr. Sylver also announced the company has entered into an agreement
with private sources for equity funding of $5 million. Proceeds
from the private placement will be used to fund the company's
direct-mail marketing campaign of its natural health products and
dietary supplements. Twenty-one of Amazon's products have been
selected for introduction to specifically targeted health-conscious
consumers who have shown repeated purchase and usage of these types
of supplements. Since Amazon's dietary supplements are 100% pure,
the company believes them to be of superior quality to the vast
majority of health and dietary products currently available.
Additionally, a part of the proceeds will be used for the purchase
of sterilizers, ball mill machinery and packaging equipment used in
the processing and packaging of the company's natural sweetener.
Currently, the company is in the process of testing this sugar
substitute for the degree of concentrated sweetness, its potential
application in various food and beverage industries, and residue or
of after-taste. This unique product is many times sweeter than
regular cane sugar and it has no calories, no fat, no
carbohydrates, and no chemical additives.
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