Perf Go Green Holdings Inc. (PGOG.OB) has emerged as a market leader in the search for efficient and innovative green solutions and biodegradable products. The company today announced it has secured an aggregate $10 million in supply and factoring credit from Star Funding Inc., which is expected to fuel the companyâ€™s growth initiatives.
Michael Caridi, COO of Perf Go Green, said the company will use the $10 million facility to execute its business strategy to remain a competitive player and take full advantage of the green market.
“This agreement is extremely positive as it affords Perf Go Green the ability to grow significantly and execute beyond our business plan,” Caridi stated in the press release. “It also underscores the confidence currently being exhibited in our eco-friendly products by established and credible financiers. We are very pleased and excited about our agreement with Star Funding Inc., especially in these turbulent financial markets as it demonstrates Perf Go Green’s sustainability.”
Per the agreement, Star Funding will provide the capital need to manufacture, import and distribute Perf Go Greenâ€™s products on a transactional basis. Additionally, Star Funding will provide oversight of supply chain delivery to make sure the process is operating efficiently.
Star Funding CEO Martin Weingarten said not only is his company looking forward to working with Perf Go Green, but also looking forward to its part in environmentally friendly solutions.
“It is our pleasure to finance Perf Go Green, a company whose management is dedicated to improving the environment through its Green technology,” Martin Weingarten, CEO of Star Funding stated. “We are delighted to be part of their success and do our part for the quality of life and future generations.”