BIRMINGHAM, Alabama,
Nov. 26, 2014 /PRNewswire/
-- Confederate Motors, Inc. (OTCBB: CFED), makers of exotic
American motorcycles, announced today that it has initiated a
$5 million USD private placement
offering solely to accredited investors (the "Offering) under Rule
506(c) of Regulation D promulgated by the SEC under the Securities
Act. The Company will use the proceeds from the Offering for
general corporate purposes including the costs associated with
manufacturing and selling its line of premium motorcycles,
including inventory, working capital, design and marketing. H.
Matthew Chambers, Confederate Motors, Inc.'s Chairman and Chief
Executive Officer stated, "For twenty-three years, our company has
defined American exceptionalism by designing and crafting the
world's most iconic and substantive motorcycles. We are excited to
offer investors this unprecedented opportunity to purchase up to
8,000,000 shares of our common stock and become a stakeholder in
our company."
Photo - http://photos.prnewswire.com/prnh/20141126/161020
As part of the Offering, Confederate Motors, Inc. will issue up
to 8,000,000 units in four unit classes. Each A unit (the "A Unit")
costs $25,000 per A Unit. Each B unit
(the "B Unit") costs $50,000 per B
Unit. Each C unit (the "C Unit") costs $75,000 per C Unit. Each D unit (the "D Unit")
costs $100,000 per D Unit. Each unit
consists of 100,000 shares of the Company's common stock. A Unit
shares are priced at $0.25 per share.
B Unit shares are priced at $0.50 per
share. C Unit shares are priced at $0.75 per share. D Unit shares are priced at
$1.00 per share.
The securities offered in the Offering will not be and have not
been registered under the Securities Act and may not be offered or
sold in the United States absent
registration or an applicable exemption from registration
requirements. Additional details of the offering, including the
Private Offering Memorandum, Management Discussion and Financial
Forecasts are available for viewing by SEC-accredited investors at:
http://confederate.com/investor-relations/
About Confederate Motors, Inc.
For the past 23 years,
Confederate Motorcycles has designed and crafted America's most
iconic and substantive motorcycles including the Hellcat, Fighter
and Wraith series. For more information, visit
http://confederate.com
Forward-Looking Statements
This release, like many
written and oral communications presented by Confederate Motors,
Inc., and our authorized officers, may contain certain
forward-looking statements regarding our prospective performance
and strategies. We intend such forward-looking statements to be
covered by the safe harbor provisions for forward-looking
statements contained in the Private Securities Litigation Reform
Act of 1995, and are including this statement for purposes of said
safe harbor provisions. Forward-looking statements, which are based
on certain assumptions and describe future plans, strategies, and
expectations of the Company, are generally identified by use of
words "anticipate," "believe," "estimate," "expect," "intend,"
"plan," "project," "seek," "strive," "try," or future or
conditional verbs such as "could," "may," "should," "will,"
"would," or similar expressions. Our ability to predict results or
the actual effects of our plans or strategies is inherently
uncertain. Accordingly, actual results may differ materially from
anticipated results. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this release. Except as required by applicable law
or regulation, Confederate Motors, Inc. undertakes no obligation to
update these forward-looking statements to reflect events or
circumstances that occur after the date on which such statements
were made.
Media Contact:
Clay
Morrison
Aero Branding, LLC
clay[at]aerobranding.com
+1-205-324-9888
