Smartcool Systems Announces Sales Funding Program And Debenture Financing

Smartcool Systems (TSV:SSC) has announced the initiation of a funded sales system.
As quoted in the press release:

The program has been designed to provide funding for clients that want to install Smartcool’s proprietary energy efficiency products but lack the capital budget to do so.
Nick Weedon, Smartcool’s UK National Sales Manager stated, “Having successfully installed in numerous locations in the UK over the last 12 months, we have seen that clients are keen to expand the Smartcool technology across further sites and locations because the Smartcool technology has had a positive effect in driving down energy costs. Because of this, we have decided to implement a funding programme that we expect to allow clients to reap the benefits of the Smartcool technology without experiencing the usual restrictions and unneccesary delays typically associated with large scale capital requirements.”
“The appreciable level of interest from several key clients with whom we have discussed our proposed funding program has encouraged us to move it forward. Existing key partners have already started to introduce this to their clients. We believe that reviewing our current sales opportunities can accelerate sales and exceed ambitious company targets for the balance of the year.”
We are confident that a funding program should provide the opportunity for many clients to see immediate net cash flow, as we believe that energy savings should be greater than term payments.

Click here to read the full press release.