Creative Edge Nutrition, Inc. Secures $2.0 Million Financing
Contract
MADISON HEIGHTS, Mich.,
Dec. 12, 2012 /PRNewswire/
-- Creative Edge Nutrition, Inc. (PINKSHEETS: FITX), a
nutritional supplement company focusing on active lifestyles,
announces its financing contract with Ashford Finance LLC based in
New York, NY. Under the terms of
the contract, Ashford Finance will provide an initial revolving
Line of Credit of $2 million dollars
in purchase order financing, and provide additional financing for
accounts receivable and transactional working capital. The Lines of
Credit will allow Creative Edge to immediately increase its
efficiency in processing purchase orders from its qualified
distributors. Creative Edge has secured initial purchase orders for
its Cenergy and SDN brand products in excess of $780,000 USD, with additional purchase order
pipeline of $2.4 million dollars,
from its approved distributors. Ashford Finance has approved the
initial purchase orders, and is able to provide scalable financing
to meet Creative Edge needs, which will strategically position the
Company for rapid expanded distribution and exponential growth.
Bill Chaaban, CEO, states,
"Ashford Finance is an international finance company that will
underwrite our qualified distributors in the U.S. and Canada, and will work with some of the larger
distributors in Australia and
Europe. They are a seasoned
finance company, and have the ability to increase our Lines Of
Credit based on volume orders, which will equip us for rapid
penetration and exponential growth, through our distribution
network of over thirty companies. Additionally, Ashford will
assist us in inspection services and invoicing, with its great
reputation with industry manufacturers and distributors. We look
forward to a mutually rewarding and profitable financing
partnership."
Noushir Hasan, Ashford Finance CEO, states, "Ashford
Finance brings a global team and partners that deliver
excellence and professionalism, and we will work with Creative Edge
Nutrition, Inc. to take care of all their purchase order financing
needs, from their smaller approved buyers, to a few of the
industry's largest nationwide retailers. They present great
products in a growing nutritional supplement marketplace, and we
will provide scalable financing options to service to their
distributors and customers."
About Ashford Finance
www.ashfordfinance.com
Ashford Finance is a specialized
finance company based in New York,
providing purchase order financing, letters of credit and creative
short-term transactional financing for importers, exporters, and
other short-term borrowers. Ashford provides 100% funding of cost, and
also overlays an operational management process that ensures the
goods are of proper quality, insured, and shipped on time. Ashford
Finance has over 17 years of experience, managed by professionals
with extensive trade, finance and merchant banking backgrounds.
About Creative Edge Nutrition, Inc.
Creative Edge
Nutrition is a holding company and a Nutritional Supplement Company
focused on developing innovative, high quality supplements. The
company offers a broad spectrum of capsules, tablets, and powders,
as well as science based products in the principal categories of
weight management, nutrition challenges, energy and fitness. The
Company manufactures under strict GMP guidelines at GMP Certified
and/or FDA registered facilities. www.CenergyNutrition.com and
http://www.facebook.com/pages/Creative-Edge-Nutrition-Inc/115224738609211
Our websites
www.chesapeakenutraceuticals.com
www.supplementstogo.com
www.a-z-nutrition.com
www.sciencedefinednutrition.com
www.worldclassnutrition.com
www.fulfillmentinnovation.com
Safe Harbor Notice
This press release may contain "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995, such as statements relating to financial results and plans
for future development activities, and are thus prospective.
Forward-looking statements include all statements that are not
statements of historical fact regarding intent, belief or current
expectations of the Company, its directors or its officers.
Investors are cautioned that any such forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties, many of which are beyond the Company's ability to
control. Actual results may differ materially from those projected
in the forward-looking statements. Among the factors that could
cause actual results to differ materially from those indicated in
the forward-looking statements are risks and uncertainties
associated with the Company's business and finances in general,
including the ability to continue and manage its growth,
competition, global economic conditions and other factors discussed
in detail in the Company's periodic filings with the Security and
Exchange Commission. The Company undertakes no obligation to update
any forward-looking statements.
Contact: Jeff Thomas (313)
655-1669 Email: Info@cenergynutrition.com
SOURCE Creative Edge Nutrition, Inc.