Ashland, Ohio – December 2003
Bendon Publishing International, Inc., a leading publisher of children's books, announced that it has issued $4 million of Series A Convertible Preferred Stock to fund the rapid growth of its business. Affiliates of BEV Capital purchased the preferred stock, and two representatives of BEV Capital have joined the board of directors of Bendon. Hadley Partners served as private placement agent in connection with the offering.
"We are very excited to close the funding that will enable us to continue the rapid growth of Bendon's children's books value publishing business" said Don Myers III, the chief executive officer of Bendon. "Our business is exploding as our portfolio of licenses and our retail distribution expand. We are grateful to Hadley Partners for their services as private placement agent to bring this offering to a successful closing, and we are pleased to have BEV Capital as our new partners in the business."
"Bendon has successfully developed a portfolio of marquee publishing licenses including Disney, Barbie, Garfield, Bear in the Big Blue House, NASCAR and others because of our relationships and credibility in the licensing community" said Ben Ferguson, Bendon's president. "This growth capital will enable us to meet our commitments to our licensors and retail partners, creating value for our business partners and our owners. Thanks to Hadley Partners for a job well done."
This announcement is for informational purposes only, and does not represent either an offer to sell securities or a solicitation of offers to purchase securities.
About Bendon Publishing International (www.bendonpub.com)
Bendon Publishing International, Inc. is one of the fastest growing children’s book publishers. With worldwide distribution and name recognition, Bendon publishes and distributes a full line of Storybooks, Pop-Up Storybooks, Coloring and Activity Books, Glitter Books, Educational Workbooks, Board Books, Game Cards, Flash Cards, and Box Puzzles targeting children of all ages.
There is only one name you need to know in purchasing children’s books – Bendon Publishing International.
About Hadley Partners
Founded in 1999, Hadley Partners always seeks to provide the highest-quality merger & acquisition advisory, private placement and financial advisory services. We have a world-class team of veteran bankers that bring Wall Street experience to middle-market and emerging growth companies. Our goal is to develop relationships of trust with the leaders of these companies and with investors that pursue investment opportunities in such companies. We provide our services in a fair and flexible manner, and we always put our clients’ interests first. Hadley Partners, Incorporated is a registered broker-dealer, and a member of the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation.
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