SOURCE: Halberd Corporation

September 22, 2014 08:51 ET

I-TAP, Inc. Executes Financing Commitment Letter With Greg Norman's Great White Shark Opportunity Fund

SOUTHFIELD, MI--(Marketwired - Sep 22, 2014) - Halberd Corporation (PINKSHEETS: HALB) subsidiary I-TAP, Inc. announced that the company has entered into a conditional commitment letter with Greg Norman's Great White Shark Opportunity Fund to provide a $1 million credit facility to be used for expansion capital and to support I-TAP's sales efforts.

The Great White Shark Opportunity Fund provides financing solutions to profitable public and private middle market businesses with proven business concepts in a wide range of industries.

The credit facility enables the Company to utilize:

  • A revolving credit facility for a maximum of One Million Dollars ($1,000,000) and;

  • A facility to cover capital requirements related to manufacturing and installation costs associated with the sale of I-TAP beer dispensing systems to the Company's clients.

"I-TAP is proud to have the support of the Great White Shark Opportunity Fund and be associated with the internationally prominent Great White Shark brand," said John Osborne, Founder and President of I-TAP, Inc. "Mr. Norman is a World Golf Hall of Fame Inductee, 2-time British Open Champion and held the No. 1 World Ranking for 331 weeks; he is not only a legend on the golf course but is also an extremely accomplished businessman."

I-TAP, Inc. is the developer of the electronic I-TAP draft beer dispensing system for the facility management, hospitality and food service industries. They are located in Sarasota, Florida.

Halberd Corporation is a Holding Company and Incubator for early stage high growth businesses. They are located in Southfield, Michigan. Halberd Corporation trades on the OTC Market under the ticker symbol HALB.

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