China Kangtai Cactus Announces $1M Equity Infusion from Kodiak Capital Group

Quote: ChinaKangtai Cactus Biotech Inc.CKGTNews), a vertically integratedgrower, developer, manufacturer and marketer of a variety ofcactus-based products in China, announced today that it has entered intoan equity purchase agreement with Kodiak Capital Group, LLC (hereinafterreferred to as Kodiak) to support its expansion and growth strategies.The company intends to use $1 million in proceeds to help financemarketing projects for its cactus-based cigarettes and soft drinks. Thecompany also plans to acquire additional equipment for its newlypurchased cigarette manufacturing plant and its soft drinks operationsto enhance current and future production capacity.China Kangtai CEO Jinjiang Wang said, “This financing supports anothermajor step forward in our expansion strategy. Demand for cactus-basedproducts, particularly cigarettes, is growing rapidly every year. We areconfident that the financing can help us greatly enhance our marketingefforts and business growth.”Robert McCarthy, Managing Director of Kodiak Capital Group said, “We arepleased with the opportunity to invest in the exciting growth of ChinaKangtai Cactus. China has long history of using herbal-based products asmedicine or regular dietary supplements. By leveraging our financialsupport, we believe that China Kangtai Cactus will further strengthenits enormous growth potential.”About Kodiak Capital Group, LLC.http://www.kodiak-capital.com.About China Kangtai Cactus Biotech, Inc.http://www.biocactus.comchinakangtai@gmail.com.http://www.hawkassociates.com/profile/ckgt.cfm.http://www.hawkassociates.com/about/alert/.This news release contains forward-looking statements as defined bythe Private Securities Litigation Reform Act of 1995. Forward-lookingstatements include statements concerning plans, objectives, goals,strategies, future events or performance, and underlying assumptions andother statements that are other than statements...
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