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WebSourced Parent Completes $15.05 Million Private Placement
By Andy Beal
Expert Author
Article Date: 2004-12-07
CGI Holding Corporation announced that the Company has raised gross proceeds of $15.05 million through a private placement of its common stock and warrants.
We're going hunting for some additional acquisitions! ;-)
"This financing provides us with the flexibility to pursue many of the highly accretive and strategic acquisition opportunities we continue to identify," said Gerard M. Jacobs, the Company's CEO. "We have reached the breakout point in our strategy to expand CGI's businesses, revenues and profits."
"With our rapidly expanding base businesses and over $17.9 million in cash in the bank, we are extremely well positioned to grow the Company internally and via a series of acquisitions," said T. Benjamin Jennings, the Company's Chairman. "Our acquisition pipeline is full, and we expect to extend our leadership position in online and traditional advertising and marketing, driven by our search engine marketing, online dating, and other complementary businesses."
About the Author:
Andy Beal is President & CEO of Fortune Interactive a full-service interactive marketing agency specializing in search marketing and blog marketing. Considered one of the world's most respected interactive and search engine marketing experts, Andy has worked with many Fortune 1000 companies such as Motorola, CitiFinancial, Lowes, Alaska Air, DeWALT, NBC and Experian. You can read his internet marketing blog at Marketing Pilgrim and reach him at andy.beal@gmail.com.
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