The Ozone Man Raises $5 Million in Private Equity Financing
The Ozone Man, Inc. [[OZOM.OB]] today announced that it has raised $5 million from the sale of common stock and Series B Convertible Preferred stock.
The proceeds from the transaction will be used to capitalize on business expansion opportunities and programs related to branding of the product and services in key geographies.
Halden Shane, The Ozone Man’s CEO and Chairman, commented, “We are thrilled to be able to raise such a significant amount of money in this current economic climate. The funding will enable us to more effectively promote our services and to reinforce our mission of becoming the nation’s professional green indoor air pollution solution.”
In addition today, the Company announced a new and expanded corporate structure that would encompass all aspects of a comprehensive business plan to meet the demand of several target markets where need has been identified. This new structure includes new divisions as follows: finance, air remediation services (use of UV-produced Ozone without people present in occupied spaces), laundry, commercial, HVAC & filtration, hospitality and healthcare. Halden Shane, The Ozone Man’s CEO and Chairman, commented, “In addition, with our new corporate structure, we will be better positioned to supply the public with an answer to reducing energy and improving health within all indoor environments.”
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