MIT Associates Inc., today announced that they, completed US $100 Million financing secured by Standby Letter of Credit.
11/20/2009

MIT Associates, Inc., a major International Financial Organization, announced today that the Company has completed US $100 Million financing secured by Standby Letter of Credit.

Online PR News – 20-November-2009 – – SEATTLE, Washington, November 19, 2009 – MIT Associates Inc., the global leader in tax minimization, asset management and securities servicing, today announced that they, completed US $100 Million financing secured by Standby Letter of Credit.

The client is a multi-national corporation with offices in Germany, Malaysia, China, Taiwan, United Kingdom and United States.

The US $100 Million financing will provide the client with initial funding required for its 2010 Business Plans.

The client stated: "We are very thankfull that MIT Associates, Inc. has been able to construct a viable method for our liquidity needs at the time when traditional lenders are increasingly cautions in extending financing This financing structure will immediately reflect our true valuation and more importantly, provide timely liquidity to our Company".

The US $ 100 Million financing completed by MIT Associates, Inc. in this financial climate are indicative of the strength of MIT Associates, Inc. and validate our position as one of the leaders in the industry.

About the Company:

MIT Associates is a leading provider of financial products and services suited for multi-national corporations, institutions, government entities and entrepreneurs.
Additional information is available at www.mitassociates.org.

The information presented in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

These statements, which may be expressed in a variety of ways, including the use of future or present tense language, relate to, among other things, the Company’s expectations with respect to the after-tax charge and the repurchase of the warrants.

These statements are based upon current beliefs and expectations and are subject to significant risks and uncertainties (some of which are beyond the Company’s control).

Factors that could cause the Company’s results to differ materially can be found in the risk factors set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2008, the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2009 and the Company’s other filings with the Securities and Exchange Commission.