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Jill Kelly Stock News

WEST HOLLYWOOD, Calif.–Jill Kelly Productions Holding, Inc. (formerly IDC Technologies, Inc.) (“JKXJ” or the “Company”) (Pink Sheets:JKXJ) announced that it has completed and closed on its $3,000,000 Convertible Preferred Equity Private Placement. Terms of the financing will be disclosed in the Company’s public filings and financial statements.

“We expect to utilize this financing to continue improving the Company’s balance sheet as well as to positively impact our operations, significantly increase our sales and marketing activities as well as attract potential acquisition candidates that will be accretive to income and assets. We are very excited about this financing and the support and confidence that numerous investors have provided us with their participation,” stated Ronald Stone, the Company’s Chief Financial Officer.

“This financing is another significant leap in improving our working capital position and provides the fuel for JKXJ to continue meeting its objectives in terms of growth, improving profitability and building shareholder value,” said Robert Friedland, JKXJ’s CEO and President. “This new financing gives us the ability to align ourselves with attractive acquisition targets and partnering opportunities that will accelerate our expansion plans, strengthen our financial fundamentals, and provide new sources of revenue and profitability that are a result of increased market positioning, new product lines and titles, extended geographic coverage, and additional sales channels. We look forward to realizing the benefits this financing can provide the Company and the potential it brings to JKXJ shareholders.”

 

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