The InfoSmart Group announced today that it has acquired a $5
million loan from two investors. According to the company's press release, the money will go towards addition BD production lines as
well as the development of Blu-ray Disc sales and marketing efforts in local and international markets.
InfoSmart Group,
Inc. ("InfoSmart" or the "Company") (OTCBB: IFSG), a leading recordable digital versatile disc ("DVDR") manufacturer in Hong Kong and
Brazil, today announced that on Wednesday, April 30th, 2008 it closed on a $5.0 million commercial secured lending transaction (the
"Loan") with two institutional investors. The proceeds of the Loan are marked for the Company's development of Blu-Ray Disc (BD) sales
and marketing efforts in their local and international markets.
For more detailed information on the Loan referred to in this
release, reference is made to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission and related
exhibits thereto.
Parker Seto, CEO of InfoSmart Group, stated: "While our company continues to reap the benefits of traditional
DVDR lines in emerging markets like Brazil, we are also preparing for the continued development of media in developed markets such as
Asia. The addition of BD production lines to our recent acquisition of our first Anwell unit not only expands our Blu-Ray production
capacity, but also adds balance to our product portfolio which now consists of DVDR, Flash Memory and now BD."
If
you'd like to read more, InfoSmart's entire press release can be found here.
