ToughBuilt Obtains Purchase Order Financing To Fuel Supply Chain And Growth Initiatives
ToughBuilt Obtains Purchase Order Financing To Fuel Supply Chain And Growth Initiatives
- ToughBuilt Industries Inc. successfully obtained a letter of credit from King Trade Capital ("KTC"), a provider of more than $2.5 billion in capital to over 400 public and private companies worldwide.
- Credit line expected to empower ToughBuilt Industries Inc. to strengthen purchasing power by a minimum of $30 million annually.
- ToughBuilt Industries Inc.成功獲得了King Trade Capital（“KTC”）的信用證，該公司向全球400多家上市和私營公司提供超過25億美元的資本。
- 信貸額度預計將使ToughBuilt Industries Inc.每年能夠將購買力提高至少3000萬美元。
IRVINE, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt" or the "Company") (NASDAQ:TBLT) today announced its strategic alliance with King Trade Capital ("KTC"), securing a line of credit expected to significantly enhance the Company's procurement, direct import, and order fulfillment capabilities.
加利福尼亞州爾灣，2024年4月2日（GLOBE NEWSWIRE）——ToughBuilt Industries, Inc.（“ToughBuilt” 或 “公司”）（納斯達克股票代碼：TBLT）今天宣佈與King Trade Capital（“KTC”）結成戰略聯盟，獲得的信貸額度有望顯著增強公司的採購、直接進口和訂單履行能力。
The Company believes this line of credit will ensure its commitment to existing and new retail partners and strengthen its relationships with key retail partners and factories, translating to enhanced operational efficiency, growth, and improved cost-effectiveness.
該公司認爲，該信貸額度將確保其對現有和新零售合作伙伴的承諾，並加強與主要零售合作伙伴和工廠的關係，從而提高運營效率、增長和成本效益。
King Trade Capital, the largest independent provider of purchase order finance in the United States, has provided more than $2.5 billion in capital to over 400 public and private companies worldwide.
King Trade Capital是美國最大的採購訂單融資獨立提供商，已向全球400多家上市和私營公司提供了超過25億美元的資本。
Michael Panosian, ToughBuilt's Co-Founder and Chief Executive Officer, remarked, "We believe our arrangement with King Trade Capital will fuel our agility in sourcing and meeting demand for our current and new customers. Our relationship will allow us to fulfill and optimize our direct import orders, as needed." Panosian continued, "We intend for this alliance to demonstrate the Company's growing financial maturity as we follow our path to cashflow positivity and continue to press toward greater shareholder value and profitability."
ToughBuilt的聯合創始人兼首席執行官邁克爾·帕諾西安表示：“我們相信，我們與King Trade Capital的安排將提高我們在採購和滿足現有和新客戶需求方面的靈活性。我們的關係將使我們能夠根據需要履行和優化我們的直接進口訂單。”Panosian繼續說：“隨着我們走向現金流積極的道路，並繼續努力提高股東價值和盈利能力，我們打算通過該聯盟來證明公司的財務成熟度不斷提高。”
譯文內容由第三人軟體翻譯。