8el secures second round of private funding to grow business
Reading, UK, August 7, 2002 --- As part of its ongoing strategy to develop infrastructure and increase marketing activity, 8el has successfully completed its second round of private funding.
8el's unique business proposition and experienced management team have both been decisive factors in securing both initial funding of £1.5 million in January 2000, and the latest round of funding totalling £2.25 million. 8el now has over 80 private investors, avoiding any financial dependency on either venture capitalists or institutions.
As a debt free organisation, 8el represents a stable, secure business partner to its existing and potential customers. With growing sales and appropriate funding, 8el is now well positioned to progress the expansion of the business through to cash-flow positive during 2003.
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