RG Global Lifestyles, Inc. Completes $2,000,000 Private Placement
June 12 2006IRVINE, Calif., June 12 /PRNewswire-FirstCall/ -- RG Global Lifestyles, Inc. (OTC Bulletin Board: RGBL - News) announced today the successful completion of a $2,000,000 private placement financing through the sale of 6% Senior Secured Convertible Notes and Warrants to selected institutional and accredited investors.
Ascendiant Securities LLC, a nationally ranked, NASD member investment banking firm and SEC registered broker-dealer based in
The Company completed a private placement earlier in the year of $1.6 million, which was placed primarily with insiders and management. "This latest round of funding will allow the Company to accelerate its sales and marketing plan," said Louis L. Knickerbocker, Chairman and CEO. "We are on course to deliver practical, patentable solutions to address the critical needs for new sources of drinking water."
About RG Global Lifestyles, Inc.
RG Global Lifestyles, Inc. is the parent company to its wholly-owned subsidiary Aquair, Inc. AQUAIR(TM) was formed for the express purpose of developing and distributing quality water products using the latest in water production and treatment technologies to provide pure safe water around the world. Reports from around the country and the world continue to confirm the deterioration of the water supply. Much of the contamination is microbial in nature. Many of the treatment methods for water deal only with the "aesthetic" qualities of the water, taste, clarity and are not effective in the microbial purification of the water. For more information, visit www.rgglife.com and www.aquair.com. Additional information associated with details of this transaction are described in the Company's 8-K filing of June 8th and will be provided in the Company's Registration Statement to be filed next month.
About Ascendiant Securities LLC
Ascendiant Securities provides corporate finance and related advisory services to its emerging public and private company clients. In 2005, Ascendiant Securities was ranked among the Top 10 most active placement agents in the for financing emerging public companies as tracked by Sagient Research Systems. This announcement is for information purposes only and should not be regarded as an offer or solicitation to buy or sell any financial instrument. For more information, please visit www.ascendiant.com.
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The statements contained herein, which are not historical, are forward- looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward- looking statements, including, but not limited to, risks associated water generation products, risks associated with dependence on third parties, and other risks identified from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission. All forward-looking statements attributable to the Compan


