Full Press Release Details
Laboratories, Inc. Completes $3 Million Dollar Common Stock Private
Beach, Calif., July 1, 2008, - Bond Laboratories, Inc. (OTC Bulletin Board:
BNLB-News), today announced the
closing of a private placement of common stock and common stock purchase
warrants raising gross proceeds of approximately $3 million.
decision to raise additional equity capital is based on our desire to build
inventory," said Eric Schick, President of Bond Laboratories. "Demand for our
Fusion 6+Hour Energy Shot continues to climb at a pace that requires a level
inventory that is a multiple of what we have been producing to date. This equity
capital raise is an important milestone for the Company as we have secured
significant institutional investment to help fuel our anticipated
to the Common Stock and Warrant purchase agreement date June 26, 2008, the
Company sold a total of 3,000,000 common shares and equivalents at a purchase
price of $1.00 per share and issued 1,800,000 common stock purchase warrants
with an exercise price of $1.25. Pursuant to the Common Stock and Warrant
Purchase Agreement, the Company may raise an aggregate of $4 million pursuant
a permitted second closing.
Hill Partners, a division of Pali Capital Inc., acted as the lead placement
agent in the private placement with Chardan Capital Markets, LLC acting as
Bond Laboratories, Inc.
Laboratories is a premier marketer and manufacturer of nationally branded
fortified foods and beverages. Bond has brought together a seasoned team of
highly successful sales and marketing executives with considerable experience
the launch and development of many well known branded products. With our
previous nutraceutical and pharmaceutical sales and management expertise, Bond
Laboratories, Inc. is currently focused on developing proprietary healthy living
products, as well as delivery platforms. For more information on Fusion Energy
Products, interested persons can go to http://www.got-fusion.com.
about the Company's future expectations and all other statements in this press
release other than historical facts, are "forward- looking statements" within
the meaning of Section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934, and as that term is defined in the Private
Securities Litigation Reform Act of 1995. The Company intends that such
forward-looking statements be subject to the safe harbors created thereby.
information contains information relating to the Company that is based on the
beliefs of the Company and/or its management as well as assumptions made by
information currently available to the Company or its management. Contact:
Landow Phone: 858.847.900 sdlandow@bond-labs.com Fax: 858.847.9090