MAULDIN, S.C., June 10, 2021 /PRNewswire/ — Xcelerate, Inc. (OTC: XCRT) announced today it has signed two investment banking agreements with a leading New York-based investment banking firm to assist in sourcing capital. (The investment banking firm was founded in the late 1980’s, is one of the oldest in the United States, a full-service broker-dealer employing over 300 people. The firm manages funds with over $2.8 Billion of retail accounts, nearly 100 registered representatives and 50 investment advisors in ten offices.)
Under this agreement, the Company has retained the investment banking firm as its exclusive placement agent and financial advisor in connection with acquisition financing. The Company must meet various terms and conditions which it believes are reasonable and attainable.
The Company’s chairman and chief executive officer, Michael O’Shea, said, “We are exceedingly pleased to establish this relationship with such a prestigious firm, which validates our business plan. We expect the assistance of this well-established investment banker will accelerate our growth. We have launched an aggressive acquisition program and have begun due diligence on several acquisition targets. Our management believes we can satisfy the conditions in our investment banking agreement.”
Xcelerate is a company seeking innovative acquisitions within the patent/engineering world and focused on joining early-stage medical technology companies in a setting that is a controlled clinical care where these new developments can be trailed, tested, and applied.
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company’s financing plans; (ii) trends affecting the Company’s financial condition or results of operations; (iii) the Company’s growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words “may,” “would,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend,” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned 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, and actual results may differ materially from those projected in forward-looking statements resulting from various factors.
Media Contact: Justin Baronoff, email@example.com (561) 750-9800