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Mission Solutions Group, Inc. Enters into an Innovative Debt Instrument with Inmost Partners

Wednesday, 04 January 2017 09:37 AM

Mission Solutions Group

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CHARLESTON, SC / ACCESSWIRE / January 4, 2017 / Mission Solutions Group ("MSG"), Inc., a Delaware Corporation and Veteran Owned Small Business (VOSB), announced today the closing of a financing received from Inmost Partners, LLC ("Inmost"). The funds received were part of the establishment of Inmost's new Special Purpose Vehicle (SPV) geared towards providing affordable term loan financing in the Government receivables space.

MSG is a family of premier companies providing dedicated mission critical support in the Communications/Cyber-Security and Sustainment verticals, which includes Marshall Communications and Sidecar Enterprises, a Service Disabled Veteran Owned Small Business (SDVOSB). Part of the company's growth strategy is through acquisition of additional companies in these spaces and the debt instrument with Inmost Partners provides a low-cost venue to facilitate this activity.

"We are excited about the closure of the debt instrument with Inmost, as it will enhance our ability to continue our growth activities through both M&A and organic growth and, even more importantly, it does so in a manner that provides a cost-effective alternative, which will further enhance our profitability. The company completed its first acquisition just over a year ago, and has since grown to two companies in our portfolio and is a $30 Million profitable company in its first year of operations." said Damon Walsh, Mission Solutions Group's CEO.

Eliot Kang, CEO/Managing Partner of Inmost stated, "Inmost is equally excited about taking this initial step as a means of providing viable debt financing alternatives to Veteran Owned Small Businesses serving the U.S. Government; we believe this is an underserved market to which we can offer a valuable service."

Under the terms of the agreement, Inmost provides term financing, with an initial funding of $2 Million, using an innovative approach of collateralizing the loan with Government and other highly reliable accounts receivable.

Ardour Capital Investments, LLC (a member of FINRA and SIPC) acted as Financial Advisor in facilitating this agreement.

About Mission Solutions Group

Mission Solutions Group ("MSG") is a family of premier companies providing dedicated mission critical support in the Communications/Cyber-Security and Sustainment verticals to support the U.S. military's important missions around the globe. MSG was founded by military and defense industry veterans with Special Operations, Force Protection, and solution development / implementation backgrounds. The MSG executive leadership team represents over 150 years of professional experience serving the DoD and commercial marketplace in all facets. For more information on Mission Solutions Group, please visit www.missionsolutionsgroup.com.

Safe Harbor Statement

This news release may contain "forward-looking" statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ from those in the forward looking-statements. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.

Contact:

Damon Walsh
CEO
Mission Solutions Group, Inc.
717 Old Trolley Road, Suite 6-275
Summerville, SC 29485
PH: 843-860-9074

SOURCE: Mission Solutions Group

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