MIAMI BEACH, Fla., April 11, 2012 /PRNewswire/ -- Divine Skin Inc. (DSKX) (OTC Bulletin Board: DSKX), a leading developer of personal-care products, announced that it closed a $1.5 million line of credit with MidCap Business Credit LLC in a move that will continue to fuel the explosive growth the company is experiencing.
Divine Skin CEO Daniel Khesin stated, "Securing the right funding to finance our growth is just one more step in the right direction as we continue to see stellar demand for our products. Having easier access to funds will allow us to capitalize on opportunities for growth without diluting our shareholders through equity financing."
Richard Mount, president and founder of MidCap Business Credit LLC, commented, "It's always exciting to see companies like Divine Skin really start to take off. We're very pleased to be working alongside Divine Skin, providing the credit that it requires to continue to expand. We look forward to a long relationship."
Khesin added, "We continue to see significant opportunities for business growth within our sector. Having a secured funding source in place allows us to focus our energies on generating sales and building the business more quickly. We are extremely excited about this new relationship we are building with MidCap."About MidCap Business Credit LLC. MidCap provides commercial loans necessary to support growth and assist business through temporary financial setbacks. Its asset-based commercial loans range from $1 million up. Its collateral-monitoring systems, along with its senior management team's direct involvement, make available the service and working capital needed. MidCap is a true asset-based lender, whose focus is lending on the value of the borrower's assets that will secure the loan. MidCap also supports the financing of foreign accounts receivable and finances accounts receivable denominated in international currencies. The company's headquarters are located in West Hartford, Connecticut ( www.MidCapCredit.com). About Divine Skin
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV