EVERETT, WA, United States, via ETELIGIS INC., 04/14/2015 – – Seen On Screen TV, Inc. (OTCQB: SONT), is pleased to announce that it has secured a $3 million equity line of credit to further advance its growth strategies relating to current and future planned projects, and otherwise for purposes of funding existing working capital needs. The equity line is being provided by Premier Venture Partners, LLC, a Los Angeles based private equity firm. SONT has filed a Registration form S-1 which can be seen here – http://www.sec.gov/Archives/edgar/data/879519/000100201415000140/sonts1-04032015.htm
"This commitment from Premier Venture Partners comes at perfect timing for our company," stated George Jarjour, COO of Seen On Screen TV, Inc. “As we are moving towards optimizing and growing our web presence, expanding our retail foot print and moving towards acquiring new and exciting product lines, we are really thrilled to have Premier on board.”
About Seen On Screen TV, Inc.
Seen On Screen TV, Inc. (SONT) is a publicly held corporation that operates specialty retail stores, product manufacturing and DRTV sales. Seen On Screen TV, Inc. markets and sells "As Seen on TV" products which include: home improvement, fitness, kitchenware, personal hygiene, and much more. The company uses its website www.seenonscreentv.com as an e-commerce to complement its operations. Further, the company has another wholly owned subsidiary (ON TV GROUP) that represents the company and its product to the wholesale and retail industry at trade shows.
Seen On Screen TV, Inc.
Chief Operating Officer
SOURCE: Seen On Screen TV, Inc.