Delray Beach FL— September 8 2009— Celsius Holdings Inc. (OTCBB: CSUH) owner of the brand Celsius® the Original calorie burning beverage announced CDS Ventures of South Florida LLC (“CDS”) entered into a three-year $6.5 million loan facility to the company. The loan amount is convertible into Celsius Holdings Inc. common stock at the lower of $0.40 or market price at the time of conversion. The company also entered into a registration rights agreement under which the company agreed to file a registration statement for the common stock issuable upon conversion. This brings the total investment and commitments in the company by Carl DeSantis’ affiliated companies to $15.3 million including equity investments promissory note and loan facilities.
CEO Steve Haley will be available for a live interview at InvestmentNation via their website on Thursday September 10 2009 at 6 pm ET to discuss the company's plans and progress.
Investors who wish to attend the interview are encouraged to view the CSUH message board within the Investment Nation Website.
Investors are also encouraged to post questions on the website that they may have ahead of time by logging in to the site. For additional information about the interview format view the message board prior to the scheduled interview. You will also be given the opportunity to ask questions after most of the pre-submitted questions have been addressed.
About Celsius Holdings Inc.
Celsius Holdings Inc. (OTCBB:CSUH.OB) markets Celsius® the original great tasting calorie burner that is backed by science through its wholly-owned operating subsidiary Celsius Inc. Celsius Inc. is dedicated to providing healthier everyday refreshment through science and innovation. Information about Celsius Holdings Inc. is available at our website. More information about Celsius the original great tasting calorie burner is available at http://dev.celsius.com.
Certain statements made in this press release are forward looking in nature (within the meaning of the Private Securities Litigation Reform Act of 1995) and accordingly are subject to risks and uncertainties. The actual results may differ materially from those described or contemplated. Certain of these risks and uncertainties are discussed in the reports we filed with the SEC.
Jan Norelid (866) 4-CELSIUS or firstname.lastname@example.org
Source: Celsius Holdings Inc.
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