Global Vision Holdings, Inc. announced that it has received $0.08 million in funding from JMJ Financial Group Inc., Investment Arm.
August 14, 2013 at 12:00 am EDT
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Global Vision Holdings, Inc. (OTCBB:GVHI.B) announced a private placement of a promissory note for gross proceeds of $450,000 on April 24, 2013. The note has a principle value of $500,000 and is issued at a discount of 10%. The note is convertible into the class B common stock of the company and will mature after one year from the date of issue. The company may repay the note at any time on or before 90 days from the issuance date and incur no interest in addition to the original issue discount. The round will include participation from an accredited investor, JMJ Financial Group Inc., Investment Arm. The company will issue securities pursuant to exemption provided under Regulation D.
On the same day, the company received $50,000.
On August 14, 2013, Global Vision Holdings, Inc. closed the transaction. The company has received $75,000 in the transaction. The company received additional $25,000 in the transaction in the second tranche.
Global Vision Holdings, Inc. is a financial holding company that focuses on the investments of environmentally responsible companies. In addition to the parent Company, Global Vision Holdings, Inc. operates four wholly-owned subsidiaries: The Place Media, LLC; Mammaâs Best LLC, Strategic Management Consultants, LLC, and Grocers Direct, LLC. The Place Media, LLC publishes The Place Magazine, a travel and tourist guide highlighting local attractions, entertainment and restaurants to visitors to the San Diego, Orange County and Los Angeles areas. Through Mammaâs Best, LLC, the Company produces and sells food products. Its Mammaâs Best products are available at organic and natural food retail outlets primarily in Southern California. Grocers Direct provides consulting and representation services for emerging natural food brands in the retail market place.
GLOBAL VISION HOLDINGS, INC. 
