King Trade Capital Deal

Online, December 23, 2010 (Newswire.com) - Although the year is quickly coming to a close, King Trade Capital ("KTC") is busy providing funding to those companies working diligently to finalize year end deliveries. A previous client of KTC's just embarked on a new phase of an existing project with a public utility in Ontario Canada. The project is for the manufacturing of a solar farm to be used for electrical generation throughout the Ontario province. KTC's client supplies the foundation equipment necessary for the panels to be erected on the solar farm. KTC originally financed the production of the equipment on behalf of the client for phase one of the project from a German supplier. KTC was able to underwrite the suppliers' ability to produce and issued a letter of credit to secure payment for the equipment. Phase one was successfully completed in October. Recently, the public utility contracted with KTC's client to supply an additional CAD 800,000.00 of equipment for the next phase of the project. KTC was able to react quickly to the client's needs. Since the German supplier required payment in Euros, and the Canadian utility was paying in Canadian dollars, KTC needed to establish a currency hedge on behalf of its client to lock in the profits of the project. Not only was KTC able to secure payment to the German supplier, it was also instrumental in mitigating the risk of currency fluctuation on behalf of the client. Bryan Ballowe, COO of King Trade Capital remarked, "This is a perfect example of how King Trade Capital can not only react quickly to help with its client's needs, but also assess and mitigate the risks associated with international transactions."