JMJ’s bridge, investment capital, and expertise ‘instrumental.’
Miami, FL – December 8, 2017– JMJ Financial, a leading investment fund for small cap publicly traded companies, today announced that it converted its $2.1 million bridge loan into the $11 million private placement of Duos Technologies Group, Inc. (OTCQB: DUOT), in addition to investing $1 million of new cash. This brings JMJ’s total equity investment to approximately $3.1 million into Duos, a provider of intelligent security analytical technology solutions.
“Justin Keener and his team at JMJ played a significant role in the success of our recently announced $11 million capital round,” said Gianni B. Arcaini, Duos’ Chairman and CEO. “Not only did JMJ’s bridge capital power our continued growth and development, but Justin personally went above and beyond what you would usually expect from a lender and investor. His counsel, support and personal interaction throughout the process have been invaluably instrumental in the success of our capital raise.”
Justin Keener, Principal & Portfolio Manager at JMJ Financial commented, “I am pleased to have provided the $2 million interim bridge capital and additional $1 million investment, and we look forward to continuing our relationship long term. JMJ brings not only funds from deep pockets, but also the expertise and extensive relationships developed over our 16+ year history to every transaction, and we’re pleased we could work with Gianni, Adrian, and their team.”
JMJ will be closed for the holidays from Thursday, December 14th through Friday, January 5th. We will reopen on Monday, January 8th. We wish everyone happy holidays and a joyful New Year!