Bond Laboratories (BNLB.OB) Positions Itself for Growth; Pump Fuel® Sales Up 50% in October
Bond Laboratories, Inc. yesterday detailed the completion of equity financing which should help position the company for continued growth by providing additional resources and stability. With the financing now in place, the company will be able to continue its aggressive business strategies with the intentions of operating “in the black” next year. A portion of the new financing deal included the company raising additional equity capital through a private placement with net proceeds of $1.25 million through the issuance of a newly-created Series C Convertible Preferred Stock. Highlights on the financing included: • Holders representing more than 50% of the…