MED-FIT SYSTEMS, INC. - continued
Over the past year, Med-Fit has been systematically bringing back sku's from China and Taiwan to manufacture in the United States. "Owning the factory, tooling and machinery gives us a real competitive edge, since we have design, engineering, prototype, manufacturing, quality control and logistics all under one roof", stated Dean Sbragia, CEO and majority shareholder of Med-Fit Systems. "Partnering with FNCP will allow us to take full advantage of our manufacturing capabilities, expand our markets and create more job opportunities in the domestic economy."
"The partnership with FNCP will facilitate our aggressive growth plans and allow us to fully utilize our Virginia manufacturing facilities, continued Sbragia. Our goal is to regain the industry leadership position once held by Nautilus® equipment by providing innovative, patented products and programming designed to enhance our rehabilitation, long-term care, and fitness customers' business."
"John Upshur, Managing Principal of FNCP, said "the investment in Med-Fit meets our goal of putting visionary capital to work for our investors and is designed to create partnerships between Tribal Nations and the greater business community. We were impressed by management's knowledge of, and ability to cater to, its evolving customer base and its vision of the future growth potential of its business in its primary and other markets. We plan to do all possible to support them in their efforts, not just financially, but with whatever other expertise or resources we may be able to provide".
FNCP's overall objective is to provide strategic resources for growing, profitable companies in traditional, primarily manufacturing, industries headquartered in the 11 Western States. FNCP seeks to partner with experienced operating management and other co-investment funds to insure capital preservation and to achieve the highest possible returns for its investors without taking inordinate risk.