Omni Ventures, Inc. Enters into Financing Agreement with AtCorp, Inc., for a Credit Line of Up to $1,500,000
May 30, 2012 at 06:04 am EDT
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Omni Ventures, Inc. entered into a financing agreement with AtCorp, Inc., for a credit line of up to $1,500,000. The financing is in the form of a 6% Senior Secured Promissory Note and has a one year term. The line of credit is subject to the intercreditor agreement with the company's first lien holder, Agile Opportunity Fund, LLC. The funding will be utilized for marketing, inventory and other working capital needs.
Omni Ventures, Inc. is engaged in manufacturing, sales and marketing of its products in denim and other apparel. The Company uses retail and wholesale channels, including small and medium-size retail boutiques and national department store chains as well as online through its Websites. It develops the network of international distributors of its products as well as licenses the non-denim product to third parties and manufacturers of non-denim apparel. It operates through its wholly owned subsidiary PRVCY Couture, Inc., which sells its inventory of products directly to specialty stores and local chain stores, predominantly in the western United States. It works with wholesale buyers, outsourced sales agents working with retail outlets and launched its own online store, which offers its products for sale at retail prices to customers all over the United States, Europe, Latin America and New Zealand. Its products include menâs and women's jeans, t-shirts, sweaters and knits.
OMNI VENTURES, INC. 
