ANPATH
GROUP, INC. ANNOUNCES FIRST CLOSING OF PRIVATE FINANCING
For Release:
Immediate
MOORESVILLE, NC (April 8, 2009)
Anpath Group, Inc. (OTCBB: ANPG), announced today it had completed the
first closing of a private placement to accredited investors only of units
consisting of 8% Subordinated Convertible Promissory Notes and Warrants to
purchase common stock. In the first closing, Anpath sold
approximately 54 units and received net proceeds of approximately $482,000 after
payment of fees. Pursuant to the terms of the private placement,
Anpath may issue up to an additional 446 units, for a total 500 units, at a
price of $10,000 per unit. The net proceeds from the
private placement will be used by Anpath to provide working capital and repay
certain loans and obligations of the Company.
“The vast
majority of this initial tranche is from current shareholders reinvesting in our
Company”, stated J. Lloyd Breedlove, President & CEO of Anpath Group, “it is
gratifying to have that type support in this trying economic
environment.”
Neither
the units, nor the notes and warrants underlying the units have been registered
under the Securities Act of 1933, as amended (the “Securities Act), or any state
securities laws, and were issued in a private placement transaction pursuant to
the exemptions from registration provided under Section 4(2) of the Securities
Act and Regulation D and may not be transferred or resold except as permitted by
the Securities Act. Anpath has agreed to file a registration
statement with the Securities and Exchange Commission covering the resale by the
investors of the shares of common stock issuable upon conversion of the notes
and exercise of the warrants. Until this registration statement is declared
effective by the Securities and Exchange Commission the shares of common stock
issuable upon conversion of the notes and exercise of the warrants may not be
transferred or resold unless the transfer or resale is registered or unless
exemptions from the registration requirements of the Securities Act and
applicable state laws are available.
This
press release does not constitute an offer to sell, or the solicitation of an
offer to buy, any security and shall not constitute an offer, solicitation or
sale in any jurisdiction in which such offering would be unlawful and is being
issued under Rule 135c of the Securities Act.
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PPM
Initial Close
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1
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4/13/2009
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About
Anpath Group, Incorporated:
Anpath
Group, Inc. (Anpath), through its wholly-owned subsidiary EnviroSystems, Inc.,
produces cleaning and disinfecting products that it believes will help prevent
the spread of infectious microorganisms while minimizing the harmful effects to
people, equipment or the environment. Visit www.anpathgroup.com
for more information.
EnviroSystems,
Inc. is focused on safe infection prevention technologies that the company
believes will position the company in the forefront of the industry at a time
when there is rapidly growing awareness of the critical need to prevent
biological risks — both natural and man-made. Visit www.envirosi.com for
more information.
Forward
Looking Statements:
This
release contains forward-looking statements, which reflect expectation or belief
by Anpath Group, Inc. concerning future events that involve risks and
uncertainties. Anpath Group can give no assurance that the expectations
reflected in forward looking statements will prove correct and various factors
could cause results to differ materially from Anpath Group expectations,
including, but not limited to EPA and state registration of the Company’s
products, the Company’s ability to carry out its business plan, successful
development and commercial acceptance of its products, ability to fund
development of its technology, the risk that products may not result from
development activities, protection of its intellectual property, need for
regulatory approvals, and other factors discussed in periodic Anpath Group, Inc.
filings with the Securities and Exchange Commission. Forward-looking statements
are qualified in their entirety by the above cautionary statement. Anpath Group
assumes no duty to update its outlook or other forward-looking statements as of
any future date.
Contact
Information:
J. Lloyd
Breedlove
President
& CEO
Anpath
Group, Inc.
Phone:
704.658.3350
Email:
jlbreedlove@envirosi.com
Website:
www.anpathgroup.com
Investor
Relations:
Arthur
Douglas & Associates, Inc.
Robert
Batson
407.478.1120
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PPM
Initial Close
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2
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4/13/2009
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