THE KO GROUP, INC. RAISES SERIES A FINANCING IN EXCESS OF $1.2 BILLION DOLLARS
[author:Ms. Anamika Biswas Public time:Jun 30, 2003] |
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THE KO GROUP, INC. RAISES SERIES A FINANCING IN EXCESS OF $1.2 BILLION DOLLARS
Atlanta, Georgia, June 27th, 2003 -- A B Exports – of Kolkata (India) entered into negotiations to invest in The KO Group Inc. of Toronto Canada. President of AB Exports, Ms. Anamika Biswas announced today that she has secured $1.2 Billion in Series A funding through her Investment Company for The KO Group Inc. and Partners, who will participate in the first major round of financing.
PAK Leasing is a start-up Toronto, Ontario-based Company that designs, builds and manages the development of long-term healthcare facilities in Canada and the United States. PAK will not manage the day-to-day operations of the long-term healthcare facility, but rather build the facilities to the specifications of its’ customer, who will then lease-to-own or purchase the facilities from PAK. The Company intends to market its’ design-to-build service to Real Estate Investment Trusts (REITs), public and non-profit long-term healthcare providers, governments and municipalities. The Company is currently in final meetings with four interested parties who are looking at building long-term healthcare facilities in the Greater Toronto Area.
"This round of financing will ensure that PAK will have the resources to pursue its mission of creating long-term healthcare facilities for our elderly population, which is growing at a faster rate than our current healthcare systems can keep pace with," Kevin O’Rourke said. "We are pleased that we were able to secure financing in such a difficult financial environment and appreciate the confidence that Ms. Biswas and her company have placed in us."
Kevin O’Rourke, President & CEO/Founder
Mr. O’Rourke is managing the venture. Kevin is a General Contractor with over 20 years of experience and is the owner/operator of Peaks G.C. Inc. Mr. O’Rourke is also the owner/operator of The KO Group Inc.
Along with this major undertaking of Pak Leasing Corp, The KO Group, Inc., will also launch “Floyd’s Cyber Café, Inc.”, and begin opening stores throughout North America in late 2003.
Along with Floyd’s, The KO Group is also funding 1st Security Global, LLC headquartered in Atlanta Georgia, which will manage the KO Groups corporate security concerns as well as pursue other global security opportunities.
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Source:Free Press Release
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