SOURCE: Growthink

November 25, 2008 09:30 ET

Growthink Raising $4 Million Series B for Precision Time, Inc.

I-Banking Services Firm Becomes Capital/Advisory Partner to National Specialty Watch Retailer

LOS ANGELES, CA--(Marketwire - November 25, 2008) - Growthink, the leading Investment Banking and Advisory Services Firm to Emerging and Middle Market Enterprises, announced today that the Firm has been retained to raise a $4,000,000 Series B Round for specialty watch retailer Precision Time, Inc.

Precision Time, with nearly 100 locations in regional shopping malls throughout the United States, is the foremost provider of expert, while-you-wait watch repair services. Precision Time is also a leading specialty retailer of high performance and fashion watch brands, including Fossil, Guess, Invicta, Skagen, Kenneth Cole, Swiss Legend, and Nike.

"Our capital and advisory mandate for Precision Time, which also includes significant financial modeling, market valuation and investor relations milestones, highlights Growthink's position as the leading and trusted financial strategist to emerging and middle market enterprises -- especially in this very challenging fund-raising climate," said Emily Burg, Growthink's Vice President of Strategy.

"Growthink's record of building highly successful companies made them the right partner for Precision Time," said Brian Ashton, CEO of Precision Time. "We're certain that our partnership with Growthink will accelerate our Company's market position and long term growth."

ABOUT GROWTHINK:

Growthink, named by Inc. Magazine as one of the nation's Top 100 Business Services Companies, is the leading Investment Banking and Business Advisory Services Firm to Emerging and Middle Market Enterprises. Growthink provides Research, Strategic, Transactional and Investment Capital Services to its clients, enabling companies to identify and leverage opportunities for growth and market leadership.

Since 1999, Growthink has completed more than 1,600 business plans, market research, and investment banking engagements and its clients have collectively gone on to raise more than $1 billion dollars in investment capital from a diverse and dynamic client portfolio encompassing Emerging, Established and Fortune 2000 Companies, Venture Capital and Private Equity Funds. Learn more about Growthink's expertise at: www.growthink.com.

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