BIRMINGHAM, Mich., Nov. 3 /PRNewswire-FirstCall/ -- CruiseCam International, Inc. (Pink Sheets: CCMC), the inventor of the world's first seat video and imaging apparatus, has secured its first round of private financing to produce 1,000 camera mounts by December 15. CruiseCam also has negotiated a deal to buy its multi-patented, state-of-the-art products directly from factories in China to reduce its costs.
"Bypassing the middleman by buying our products directly from factories in China will pay dividends for our investors by cutting our costs significantly," said Scott Watkins, a five-time Daytona Rolex 24 Hours driver, who is president and chief executive officer of CruiseCam International, Inc. "Our private investors' seed money will enable us to fill back order demand for our multi-patented, state-of-the-art products and fund engineering in China to supplement our new product offerings."
About CruiseCam International, Inc. CCMC develops automobile, truck and military camera products. CruiseCam is the only Original Equipment Manufacturer video recording product in the market today and the only interior camera that is designed to meet the Federal Motor Vehicle Safety Standards for avoiding occupant injury through crash testing. To check out CruiseCam products in action on YouTube, visit: www.youtube.com/user/CRUISECAM1#p/u.
Included in this release are "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. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The Company's actual results could differ materially from those anticipated in the forward-looking statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.
SOURCE CruiseCam International, Inc.
