IRVINE, Calif., Oct. 7, 2010 (GLOBE NEWSWIRE) -- For emergent companies there is rarely news more important than that of an influx of capital to the company and the implied value to existing and prospective shareholders. Clearly, the availability of capital from respected sources bodes well for a company's business plan – especially in the small cap sector, where profits are often elusive and operating capital precious.
For this reason, a recent announcement by Kendall Square Research, Inc. (Pink Sheets:KSQR), a holding company targeting acquisitions in specialty equipment for residential home customers and green energy products, should be most welcomed by investors. The company announced the signing of a loan agreement to fund the expansion of the company's recent acquisitions.
The reported finance program would be through a line of credit up to $4,000,000 from a local bank or financial institution arranged for and secured by the finance source, without the issuance of any Company stock involved in the loan agreement. Considering the current economic environment, such a financial partnership represents a major accomplishment for the company. Management indicated that the financing will assist in funding the expansion of its two divisions and provide the capital to complete other green energy acquisitions.
During the 1st quarter of 2010 Kendall Square acquired Luxury Kitchen Hoods LLC (formerly Independent, Inc). Luxury Kitchen Hoods is a 40-year old, privately-held kitchen ventilation company; the second largest in the USA.
A complete report on KSQR is available here:
Kendall Square Research, Inc. (KSQR) is a Holding Company with targeted acquisitions in specialty equipment for residential home customers and green energy products. Luxury Kitchens Hoods LLC is the first acquisition. The second division of Kendall, High Efficiency Lighting, is a player in the commercial lighting industry with their product capability of reducing lighting energy by 50% on the nation's highways, roadways, city streets, parking lots, building lights, etc.
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