SOURCE: LCTI Low Carbon Technologies, Inc.

November 21, 2013 16:08 ET

LCTI Low Carbon Technologies International Inc. Secures $10 Million Revolving Line of Credit; Announces Closing on Ideal National Mechanical Inc.

VANCOUVER, BC--(Marketwired - November 21, 2013) - LCTI Low Carbon Technologies International, Inc. (PINKSHEETS: LWCTF) (the "Company"), a diversified company focused on the clean-tech, construction, energy & energy efficiency, environmental, mining and real estate business sectors, announced today that the company has secured a $10 million revolving line of credit from TCA Management Group and completed the acquisition of Ideal National Mechanical Inc. "Ideal."

"This revolving line of credit provides us greater financial flexibility and access to low-cost capital in order to more rapidly execute our business plan," stated CEO Bryan Scott Jarnagin. "This funding commitment is a testament to the strength of our balance sheet, as well as our successful track record of acquiring and integrating profitable businesses such as Ideal."

About Ideal National Mechanical Inc.

In 1974, Ideal National Mechanical Corporation was established to handle the growing out of state workload of Ideal Engineering (originally founded in 1959). The corporation was established as a wholly owned subsidiary of Ideal Engineering with the same officers and management.

The company philosophy is oriented toward medium to large, new or renovation energy efficiency projects that are public and institutional in nature. The company consistently contracts 10-15 projects per year with an annual volume of $7 to $12 million. INMC has an outstanding reputation, with diversified customers ranging from the federal and local governments, to major construction companies, as well as leading universities and hospitals. 

About TCA Management Group

TCA Fund Management Group (www.trafcap.com) is Investment Manager for TCA Global Credit Master Fund L.P. and acts as advisor to many small companies from offices in the United States, United Kingdom, and Australia. TCA is a short duration, absolute return fund specializing in senior-secured lending to small, mainly listed companies in the U.S., Canada, Western Europe, and Australia.

About LCTI Low Carbon Technologies International Inc.

LCTI Low Carbon Technologies International Inc. is a diversified clean-tech holding company. LCTI acquires profitable operating businesses, and clean-tech technologies. LCTI utilizes its clean-tech technologies in the development of clean-tech projects. LCTI combines the clean-tech technology with each profitable operating businesses. LCTI also issues technology sub-licenses and in return receives equity in projects and/or the companies who are issued the clean-tech technology license. For more information please visit our website www.lctiinc.com 

Safe Harbor

This news release contains forward-looking statements. These statements fall within the meaning of the Private Securities Litigation Reform Act of 1995 (the "ACT"). Such statements are not historical facts; including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results -- all forward-looking. Forward-looking statements involve risks and uncertainties which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. You can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions. Other factors may cause the Company or the industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.

Contact Information

  • Investor Relations:
    David Waldman/Natalya Rudman
    Crescendo Communications, LLC
    Telephone: (212) 671-1020 x304
    Email: lcti@crescendo-ir.com