PORTLAND, OR--(Marketwire - October 21, 2010) - Paulson Investment Company, Inc., a wholly owned subsidiary of Paulson Capital Corp. (
In addition, Paulson has exercised its entire over-allotment option in the amount of 225,000 units. These additional units will close simultaneously with the original offering. This resulted in additional gross proceeds of $90,000, making the total size of the offering $690,000.
The Healthy Fast Food, Inc. offering, including the 225,000 over-allotment units, was 1.725 million units at an offering price of $0.40 per unit, with each unit composed of one share of common stock and one class C warrant. The warrants are exercisable at $0.60 and callable when the stock trades at or above $0.80 for five consecutive trading days.
"This secondary marks the completion of more than 160 offerings by Paulson Investment Company, Inc. and the generation of more than $1.2 billion for client companies over nearly 40 years in business," said Trent Davis, Chief Executive Officer, Paulson Investment Company, Inc. "Paulson continues to support reliable and innovative companies like Healthy Fast Foods, Inc. that are positioned to grow and thrive even in the most challenging market conditions."
About Healthy Fast Food, Inc.
Headquartered in Henderson, Nevada, Healthy Fast Food, Inc. is on a mission to deliver consumers a smarter alternative to America's favorite meals and snacks. In September 2008, the Company and its wholly-owned subsidiary, U-SWIRL International, Inc., acquired the worldwide rights to the U-SWIRL Frozen Yogurt system. Sole ownership of the system was transferred to U-SWIRL International, Inc., and it has been executing an aggressive strategy to build the brand into a globally recognized chain of highly experiential frozen yogurt cafes. For more information, please visit www.U-SWIRL.com. You can also follow us on Facebook (U-SWIRL Frozen Yogurt) and on Twitter (U_SWIRL).
About Paulson Capital Corporation
Paulson Capital Corporation is the parent company to Paulson Investment Company, Inc. Headquartered in Portland, OR, Paulson Investment Company, Inc. is the Northwest's largest independent brokerage firm and a national leader in public offerings of small and emerging growth companies with capital needs of $5 million to $45 million. Founded by Chester "Chet" Paulson in 1970, it has managed or underwritten 166 securities offerings and has generated more than $1.2 billion for client companies. For more information, please visit our website at www.paulsoninvestment.com.
This release may contain "forward-looking statements" based on current expectations but involving known and unknown risks and uncertainties. Actual results of achievements may be materially different from those expressed or implied. The Company's plan and objectives are based on judgments with respect to future conditions in the securities markets as well as general assumptions regarding the economy and competitive environment in the securities industry, which can be volatile and out of our control. In particular, we make assumptions about our ability to complete corporate finance transactions and increase the volume and size of our securities trading operations, which are difficult or impossible to predict accurately and often beyond the control of the Company. Therefore, there can be no assurance that any forward-looking statement will prove to be accurate.
Contact Information:
MEDIA CONTACT:
Amber Roberts
Lane PR
646.673.8547
amber@lanepr.com