SEATTLE, Oct. 1, 2012 /PRNewswire/ -- 5BARz International Inc. (OTCBB: BARZ), (Boerse- Berlin: O5B), (www.5BARz.com) ("5BARz" or "the Company").
5BARz International Inc. is pleased to announce the engagement of NMS Capital Securities, LLC a registered broker dealer with principle offices in Los Angeles, California, to an exclusive investment banking and financial advisory services agreement. Founded in 2000, NMS provides investment banking and advisory services including M&A, Corporate Finance and Strategic Advisory services to both public and private clients located in the United States, Asia and Europe.
The initial scope of the investment banking services to be provided to the Company, shall include advising on the capital raising efforts including the company's initial convertible debt offering of $2,500,000 (two million five hundred thousand dollars). (Not to be considered an offer or solicitation/qualified QIBS only)
Mr. Daniel Bland, president and CEO of the Company states, "The engagement of NMS Capital Securities represents a significant milestone in the Company's development, and further validates the intrinsic value of the 5BARz business to stakeholders. We appreciate the insights and commitment of Mr. Trevor M. Saliba and the NMS team. We consider their involvement to be a catalyst to accelerate growth in the capital raising process required to deploy a successful launch of the Company's products globally.
Mr. Trevor M. Saliba, the Chairman of NMS, states that, "We believe that it is important potential investors understand the very unique opportunity inherent in the 5BARz International Inc., business. Not only do we believe the Company is currently poised for near term revenue upon meeting strategic milestones, but the scope and magnitude of this opportunity is somewhat unprecedented in the sense that we feel their product has global appeal in the wireless sector. Our primary focus is completing the capital raise as these investment dollars provide the company's working capital to complete its immediate business objectives.
5BARz International Inc.
5BARz International Inc. along with its consolidated subsidiaries are in the process of developing the global commercialization of a patented product technology branded under the name 5BARz™ .
5BARz™ is a cellular network infrastructure device for use in the small office, home and market places. 5BARz™ incorporates a patented technology to create a highly engineered, single-piece, plug 'n play unit that strengthens weak cellular signals to deliver high quality signals for voice, data and video reception on cell phones and other cellular equipped devices. 5BARz™ represents a key solution for cellular network operators in providing clear, high quality signal for their subscribers with a growing need for high quality connectivity.
5BARz International Inc.'s shares are publicly traded on the OTCBB under the ticker symbol BARZ in the US and on the Berlin Stock Exchange (www.boerse-berlin.com) under symbol "O5B.")
On behalf of the Board of Directors
"Mr. Daniel Bland" CEO & Director
5BARz International Inc.
Legal Notice Regarding Forward-Looking Statements
The information contained in this release consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Such forward -- looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, market acceptance, future capital requirements, and competition in general that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward -- looking statements whether as a result of new information, future events or otherwise.
SOURCE 5BARz International Inc.