| The financings provided by CrossHill enabled us to execute existing customer contracts and to sign up additional customers. CrossHill typically closes between two and four transactions each month. Examples of closed transactions with two companies and comments by their CEO's include Brickstream Corporation (www.brickstream.com) and Q.Know Technologies, Inc. (www.qknow.com).
The financings provided by CrossHill enabled us
to execute existing customer contracts and to sign up additional customers.
Reaching these revenue milestones enabled us to attract equity investments
from two highly respected venture capital firms, Mohr Davidow and Columbia
Capital, at a more attractive valuation. CrossHill was a valuable partner
and their bridge lending has been critical to our success.
CrossHill's bridge loan, coupled with a significant
cash equity investment by our management team, allowed Q.Know to continue
its rapid customer roll out while closing our first venture capital
round. CrossHill's ability to quickly assess our opportunity and to
close in a short period of time made them a valuable resource to us.
|