New York, NY -- (ReleaseWire) -- 07/08/2016 -- Hispanica International Delights of America, Inc. (OTC:HISP), a diversified food and beverage distribution company in the Hispanic and ethnic food industry, announced today that it has closed on a $7.5 million credit facility with TCA Global Credit Master Fund, LP ("TCA").
"The credit facility with TCA will provide operating capital and funding for acquisitions and expansions. The proceeds will be used to fund revenue generating and profitable companies to accelerate growth." Fernando Oswaldo Leonzo, Founder and CEO stated today: "This funding is a major step in the execution of our financial stability and growth strategy and will allow Hispanica to execute on our merger and acquisition strategy."
"The Company is in the final stages of its first acquisition and we will be updating our shareholders on our progress in the near future" continued, Mr. Oswaldo Leonzo.
About Hispanica International Delights of America, Inc.
Hispanic International Delights of America, Inc. (HISP) is a public company, founded in 2013. HISP is engaged in the distribution of proprietary, licensed and third party Hispanic and Ethnic food and beverages throughout the United States. HISP has already begun to distribute fruit juices, nectars, and milk based products and will begin to distribute teas, carbonated drinks, dry goods, preserves, frozen foods and bakery products. The brands distributed are under a proprietary basis (through distribution agreements and/or exclusive licensing arrangements). These brands emulate the flavors, tastes, and traditions which have been known for generations among the Hispanic and other ethnic groups which are now becoming part of the American mainstream diet. HISP is also committed in building long-term relationships with its consumers by offering superior, high quality products at the most competitive prices.
HISP is headquartered in New York State with distribution operations under way in the New York City Tri-State Region, the Washington, D.C. Metro Area, the Houston Metropolitan Area, and in Los Angeles and the Southern California Region.
For more information on Hispanica International Delights of America, Inc. please visit www.hispanicadelights.com/
SAFE HARBOR ACT
Forward-Looking Statements: This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Hispanica International Delights of America, Inc. its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Hispanica International Delights of America, Inc.'s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Hispanica International Delights of America, Inc.'s filings with the Securities and Exchange Commission.
SOURCE: Hispanica International Delights of America, Inc.
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