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Takedown Entertainment Secures Draw-Down Line of Credit With Triumph Capital(February 08, 2012)
LONDON -- (Marketwire) -- 02/08/12 -- Takedown Entertainment Inc. (www.takedownentertainment.com) (OTCBB: TKDN), an authority in the business of mixed martial arts, is pleased to announce it has secured a draw-down line of credit of five hundred thousand dollars [$500,000 USD] with Triumph Capital arranged through a convertible loan agreement. The proceeds from this financing are being used to conclude definitive agreements with the 60+ mixed martial arts promotions which have already signed letters of intent with Takedown as well as another 40+ MMA organizations.
"The demand for MMA content is growing faster than we had anticipated," noted Peter E. Wudy, President and CEO of Takedown Entertainment. "And our giant list of over 100 MMA promotions wanting to work with us grows in tandem with the global content demand. This funding is timed perfectly to capture and secure a large market share of the fastest growing sport in the world -- MMA."
About Triumph Capital Inc.
Triumph Capital is a privately held venture capital and investment banking corporation that provides financial services to early stage/mid-market businesses worldwide.
About Takedown Entertainment Inc.
Headquartered in London, UK with offices in Beverly Hills, California, Takedown Entertainment Inc. is a sports entertainment company with subsidiaries in the acquisition, production, distribution and marketing of mixed martial arts (MMA) programming, content and products for North American and International markets.
Safe Harbor Statement under the United States Private Securities Litigation Act of 1995: this release may contain forward-looking statements that are affected by known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed, implied or anticipated by such forward-looking statements. The Company does not intend to update this information and disclaims any legal liability to the contrary.
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