LAS VEGAS, Aug. 30 /PRNewswire-FirstCall/ -- Kendall Square
Research, Inc. (Pink Sheets: KSQR) announces the signing of a loan
agreement to fund the expansion of the Company's two divisions –
Luxury Hoods and High Efficiency Commercial Lighting. The
finance program would be through a line of credit up to
$4,000,000 from a local bank or
financial institution arranged for and secured by the finance
source, without any Company stock involved in the loan agreement.
Management stated, "We are pleased to have this finance source
working with us to fund the expansion of our two divisions as well
as seek other green energy company acquisitions. With the present
economy conditions, this finance partnership is a major
accomplishment by the Company."
It is projected that the funding through the line of credit
would begin within 45 days. The line of credit can be
increased if needed as our expansion and acquisition plans
materialize.
About Kendall Square Research
Kendall Square Research, Inc. (KSQR) is a Holding Company with
targeted acquisitions in specialty equipment for residential home
customers and green energy products. Luxury Kitchens Hoods
LLC is the first acquisition. The second division of Kendall,
High Efficiency Lighting, is a player in the commercial lighting
industry with their product capability of reducing lighting energy
by 50% in the nation's highways, roadways, city streets, parking
lots, building lights etc.
For Additional Information, go to the Website:
www.kitchenhood.com
This press release contains certain "forward-looking statements"
within the meaning of federal securities laws intended to qualify
for the safe harbor from liability established by the Private
Securities Litigation Reform Act of 1995, including the use of the
words "expect," "anticipate," "estimate," "project," "forecast,"
"target," "objective," "goal," "plan" and similar expressions.
There are certain business risks and uncertainties that could cause
actual results to differ materially from those indicated by such
forward-looking statements.
SOURCE Kendall Square Research, Inc.
Copyright . 30 PR Newswire