Attached files
| file | filename |
|---|---|
| 8-K - 8-K - BAETA CORP | v198350_8k.htm |
| EX-10.1 - EX-10.1 - BAETA CORP | v198350_ex10-1.htm |
Exhibit
99.1
FOR
IMMEDIATE RELEASE
BAETA
Corp. Announces $5 Million Reserve Equity Financing Agreement
With
AGS Capital Group, LLC
Fort Lee, New Jersey, October 5, 2010
— (PR.com) BAETA Corp. (OTCBB: BAEA.OB), a New Jersey corporation and
provider of technology-enabled health improvement solutions, has entered into a
contract with AGS Capital Group, LLC, a New York investment firm (“AGS”), to
potentially provide investment capital of up to $5,000,000 to the Company
pursuant to a Reserve Equity Financing Agreement (the “Agreement”) executed by
the parties on September 28, 2010.
Pursuant
to the Agreement and subject to certain limitations, AGS may purchase shares of
BAETA’s common stock for cash consideration up to an aggregate of $5,000,000
over a three-year period. Prior to the sale of any shares to AGS, BAETA Corp.
anticipates registering the shares by filing a Registration Statement on Form
S-1 with the Securities Exchange Commission (“SEC”). Funding under this
Agreement is conditional upon certain pricing and trading volume performances by
BAETA’s common stock on the OTC Bulletin Board, and the receipt of any amount of
financing pursuant to this Agreement is not guaranteed.
“We believe that this
financing facility provides a flexible, cost-effective source of capital to
drive the sales and marketing activities for our innovative product lines, MyHealthTrends,” commented
Len Pushkantser, CEO of BAETA Corp. “We look forward to working with AGS Capital
Group.”
About Baeta
Corp.
BAETA
Corp. (OTCBB: BAEA.OB) is a technology-enabled health improvement company whose
objective is to empower patients to elevate their role in the prevention,
diagnosis, treatment, and recovery from illnesses. BAETA Corp. develops
innovative, technology-driven healthcare information solutions enabling patients
to easily capture health-related data. Please visit BAETA Corp. at http://www.baetacorp.com
for more information about our products.
Not a Broker/Dealer or
Financial Advisor:
BAETA
Corp. is not a Registered Broker/Dealer or a Financial Advisor, nor does it hold
itself out to be a Registered Broker/Dealer or Financial Advisor. All material
presented in this press release, on the Company’s website or other media is
not to be regarded as
investment advice and is only for informative purposes. Readers should verify
all claims and conduct their own due diligence before investing in BAETA Corp.
Investing in small-cap, micro
cap and penny stock securities is speculative and carries a high degree of
risk.
No Offer of
Securities:
None of
the information featured in this press release constitutes an offer or
solicitation to purchase or to sell any securities of BAETA Corp.
SAFE
HARBOR FOR FORWARD-LOOKING STATEMENTS:
Information
presented in this press release contains "forward looking statements" within the
meaning of Section 27A of the Securities Exchange Act of 1933 and Section 21B of
the Securities Exchange Act of 1934. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, goals, assumptions or future events or performance are
not statements of historical fact may be "forward looking statements". Forward
looking statements are based on expectations, estimates, and projections at the
time the statements are made that involve a number of risks and uncertainties
which could cause actual results or events to differ materially from those
presently anticipated. Forward looking statements in this action may be
identified through use of words such as "projects", "foresee", "expects",
"will", "anticipates", "estimates", "believes", "understands", or that by
statements indicating certain actions "may", "could", or "might" occur.
Understand there is no guarantee past performance will be indicative of future
results.
None of
the information contained on the BAETA Corp. website is incorporated by
reference herein.
More
Information:
Please
contact:
Len
Pushkantser, CEO
BAETA
Corp.
1.201.471.0988
X106
***