Marketvision Direct, Inc.

July 07, 2005 09:53 ET

Marketvision Direct Inc.: Press Release

TORONTO, ONTARIO--(CCNMatthews - July 7, 2005) - Marketvision Direct, Inc. (TSX VENTURE:MKT) proposes to raise up to $800,000 by way of a private placement of financing up to 4,000,000 common shares at a price of $0.20 per common share. Insiders of Marketvision may participate in the financing in excess of 25% of the aggregate financing. The placement may be both non-brokered and brokered, with an 8% brokerage fee payable to participating registered dealers.

Proceeds from the private placement will be used to finance costs incurred in due diligence analysis of potential acquisition targets. Marketvision is currently considering acquiring the business of Natec Inc., a privately owned company based in Plattsburgh, New York, which is the sole manufacturer of a patented polymer-cased ammunition product for the U.S. military and commercial market. Up to US $450,000 of the private placement proceeds may be used to provide short term bridge financing to Natec Inc.

The private placement is subject to the approval of the TSX Venture Exchange.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.

Contact Information

  • Marketvision Direct, Inc.
    Thomas Vukovich
    President and Chief Executive Officer
    (416) 367-0150
    (416) 367-0165 (FAX)
    Marketvision Direct, Inc.
    John Clark
    Chief Financial Officer
    (416) 367-0150
    (416) 367-0165 (FAX)