(OTC: FURA) Withdraws Private Placement Offering
(CybeRelease, April 19, 2006) - Lake Harmony, PA - The Furia Organization, Inc., (OTC BB: FURA) announced that it has withdrawn its PIPE private placement offering for $4 million and has entered into negotiations with a private group for the equity financing to support the continued growth of the Company.
Michael Alexander, President and CEO of the Furia, said: “The negotiation of financing for the Company with a single group is in the best interest of the Company as it will allow far more flexibility with the terms and conditions on new capital for the purpose of acquisitions.”
The Furia Organization is a Delaware corporation with branch offices in Rockwall, TX. The Furia Organization expects to grow their business specifically in the areas of 3rd party logistics, Transportation Brokerage, and Motor Carrier services. The Furia Organization is the only referral-based marketing transportation logistics brokerage and currently has over 4000 members.
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