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ANGO World Holdings, Inc. Announces Completion of $3 Million Debt Facility for Legend Advance Funding II, LLC

HOUSTON, TX / ACCESSWIRE / June 14, 2016 / ANGO World Holdings, Inc. (AWHI) announced that it has completed a debt facility transaction for Legend Advance Funding II, LLC ("Legend"), a privately owned New York City-based specialty finance company. ANGO, a publicly traded investment banking firm with a focus on business development activities.

Legend's business is providing working capital financing to small and medium-sized businesses in the U.S. and Canada by means of merchant cash advance financings. The capital provided in the transaction with ANGO will be used by Legend to support the expansion of its current merchant cash advance business.

ANGO acting as principal of the transaction structured and funded the $3 million secured debt facility for Legend. The transaction agreement also provides equity ownership to ANGO and a seat on the Board of Directors. No other terms of the transaction were announced.

Commenting on the transaction with ANGO, Michael Petrycki, Managing Partner of Legend stated, "We are extremely pleased to partner with an investor of ANGO's caliber and we look forward to a mutually rewarding and expanding relationship for years to come."

Ango CEO John Carson stated, "We are looking forward to working with Legend as they grow their business. The merchant cash advance industry is experiencing exciting growth and we felt that the legend management team are strongly positioned to take advance of this opportunity."

About Legend Advance Funding II, LLC

Legend is a privately owned specialty finance company providing Merchant Cash Advance services through its FinTech platform with integrated marketing, sales, underwriting and client servicing capabilities. The company's headquarters are located in New York City.

About ANGO World Holdings, Inc.

ANGO is a publicly traded investment banking firm with a focus on business development trading under the symbol "AWHI" on the OTC. The company is headquartered in Houston, Texas with executive offices in Boca Raton, FL, and has regional offices in New York, NY and Lugano, Switzerland.


Current inquires may be sent to investor@awholdimgsinc.com or calling 1-866-372-1767.

Safe Harbor Statement

Our press release may include predictions, estimates or other information that might be considered forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment on what the future holds, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of this presentation. We are not obligating ourselves to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events.

SOURCE: ANGO World Holdings, Inc.