BROOKLYN, N.Y., Sept. 23 /PRNewswire/ -- Marathon Group (formerly
Pediatric Prosthetics) (Pink Sheets: PDPR) today announced that it
signed a deal with the N.I.R. Group, LLC to fund the new direction
of the company by providing up to ($100,000)
dollars. The funding terms outline an immediate cash
infusion and an additional ($1
million) dollar line of credit upon which the company can
draw upon. The credit line is in the form of convertible debentures
and will allow the company to invest in marketing and advertising
campaigns as well as working capita and minor acquisitions.
Marathon went public in December
2009 and focused primarily on growing the Company.
After the recent reverse merger of the privately wholly owned
subsidiary Marathon Health Care Corp. in December 2009, the focus of the re-energized
company is now on growth. Details of the funding as well as
the company's financial statements are in the process of being
prepared for filing and disclosure under the Alternative Reporting
Standards on Pink Sheets.
"We are firmly committed to disclosing the recent events that
have transpired, as well as financial history of this company for
the past two fiscal years. Our legal and accounting
departments are working diligently to have these filings and
disclosure made within the next two weeks. I sincerely hope
that our commitment to communicate with our shareholders and the
public about our new business model demonstrates to investors that
we are very serious about building a company that provides value,
continuity, and return on investment in this very expanding
industry," stated MacDonald Tudeme,
Marathon's new CEO, who further added, "The prospects for future
development are encouraging and once the initial company disclosure
and financial information is filed we will continue to update our
shareholders and the public on a regular basis through filings and
Press Releases to communicate news and major developments."
For further information regarding this company, please visit
http://www.marathonhcc.com.
Safe harbor language
This document contains forward-looking statements including,
without limitation, statements regarding the company's
expectations, beliefs, intentions or future strategies. All forward
looking statements included in herein are based on information
available to the Company on the date hereof, and the Company
assumes no obligation to update any such forward looking
statements. Actual results could differ materially from those
projected in the forward looking statements. The Company cautions
investors that its business and financial performance are subject
to substantial risks and uncertainties. This document and the
information contained herein are confidential. Accordingly, this
document and its contents are to be held in complete and strict
confidence and may not be disclosed, published, reproduced, copied,
or distributed in whole or in part in any manner whatsoever without
the express written consent of the Company.
SOURCE Marathon Group
Copyright . 23 PR Newswire
