SOURCE: Point Capital, Inc.

May 14, 2014 08:00 ET

Point Capital Forms New Subsidiary to Invest in Cannabis Related Companies

ENGLEWOOD, NJ--(Marketwired - May 14, 2014) - Point Capital Inc. (OTCQB: PTCI), a business development company that provides financing for public and private companies, is pleased to announce the launch of its new subsidiary, Hemp Funding Inc., to invest in companies that are positioned for growth in the legal cannabis industry.

"We see significant growth for firms that support and operate in the cannabis industry," said Point Capital Inc. CEO, Richard Brand. "The legal environment is changing and we are excited about the new investment opportunities."

Hemp Funding Inc. will invest in a combination of debt and equity deals to provide the company's investors with high total returns at an acceptable level of risk. The subsidiary will focus on identifying strong management teams and securing positions that present attractive growth opportunities in the emerging cannabis industry.

More information will be available on the subsidiary's website over the coming weeks at www.hempfundinginc.com.

About Point Capital Inc.

Point Capital Inc. is an internally-managed business development company whose investment objective is to generate current income and long-term capital appreciation from debt and equity investments.

For more information, please see the Company's website at www.pointcapitalinc.com.

Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including without limitation, our ability to locate suitable candidates to invest, competitive market conditions, and the ability to secure sufficient sources of financing. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our or our 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. Point Capital encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-K and Form 10-Q. Point Capital's public filings may be viewed at www.sec.gov or at our website PointCapitalInc.com.

Contact Information

  • Contact Information

    Rich Brand
    CEO
    (201) 408-5126