BELLEVUE, Wash., Feb. 11, 2009 (GLOBE NEWSWIRE) -- Sector 10, Inc. (OTCBB:SECT) (Frankfurt:4SR) announced today that it has secured sufficient funds to introduce its new products and their capabilities to the market. The funding will enable the company to achieve its goals for 2009/2010. The credit facility was structured through Sector 10 Holdings, Inc., the Company's largest shareholder who has provided funding throughout the Company's development phase.
CEO Pericles DeAvila stated, "Sector 10 has a tremendous opportunity in the market place and will be taking full advantage of its available resources. The management will be carefully managing cash capabilities while navigating what could potentially become a hyper growth situation."
Mr. DeAvila emphasized that "the terms of the agreement are favorable to investors because it will not cause any dilution at this early stage as Sector 10 further defines its products' capabilities and prepares to introduce its new technology to suitable markets."
As the Company positions itself to follow through with its 2009/2010 Mission Statement, the Credit Facility is intended to provide Sector 10 with the necessary resources to introduce its products to market and create awareness of their capabilities. Over the next several months, the Credit Facility will be drawn upon monthly and applied towards specific action items set forth by Sector 10 Holdings, Inc and its Creditors who made the Credit Facility possible.
About Sector 10, Inc.
Sector 10, Inc. is redefining the emergency response paradigm from centralized equipment staging to onsite pre-deployed resources. Sector 10 is the only emergency response systems company so strongly emphasizing pre-deployed resources as the way to save lives, avert injuries, reduce liability and to "Bridge the Survival Gap."
FORWARD-LOOKING STATEMENTS
This press release may include "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. All statements, other than statements of historical facts, included in this press release that address activities, events or development that the company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company's actual results to differ materially from those implied or expressed by the forward-looking statements. The Company assumes no duty whatsoever to update these forward-looking statements or to conform them to future events or developments. www.sector10inc.com