Stamford, CT, January 2014 – TrueNorth Capital Partners LLC announced that Quality Communications Systems, Inc., a wholly-owned subsidiary of Kavveri Technologies Americas Inc., has successfully completed the restructure of certain debts and obtained a new accounts receivables finance facility from New Jersey based Prestige Capital Corporation. TrueNorth, which acted as exclusive financial advisor to Kavveri, and Quality’s corporate management team, believe that this new financing will allow the company to leverage its current revenues to meet the needs of its current customers while at the same time expand its customer base. TrueNorth Managing Director, Robert Burrick said, Eric Mann the Chief Financial Officer of Kavveri Technologies America, along with Prestige Capital Corporation, need to be commended for creating a facility that serves the interests of all stakeholders, including shareholders, employees and customers. “It is always gratifying when a result is a win-win for all of the parties involved in a transaction.”

Quality Communications Systems, Inc., headquartered in Lakewood, NJ, was established in 1994 to provide seamless, best-in-class, single-source integrated systems for wireless transmission of voice, data and video to educational, healthcare, public safety, commercial, industrial and casino markets. Kavveri Telecom Products Limited, an Indian public company, through its 100% owned subsidiary of Kavveri Technologies Americas Inc., acquired Quality Communications Systems in July 2012.

About TrueNorth Capital Partners LLC:

TrueNorth Capital Partners, LLC www.truenorthcp.com provides corporate advisory services on mergers and acquisitions and restructurings as well as provides valuations and fairness opinions primarily to middle market companies. Capitalizing on the vast international M&A and restructuring backgrounds of the founders, the firm provides sophisticated financial advice to middle market clients. TrueNorth’s professionals have built their careers and reputations serving this market and understanding its intricacies. Their skills have been evidenced in hundreds of assignments and they have completed those assignments while always remaining true to their core principles: unwavering commitment to our clients’ best interests and the highest standard of service. TrueNorth conducts its securities-related business through its wholly owned subsidiary TNCP, LLC, member FINRA/SIPC.

Any further inquiries can be directed to TrueNorth at the contact information provided below:
TrueNorth Capital Partners LLC
60 Long Ridge Road
Third Floor, Suite 307
Stamford, CT 06902
203.604.2007