ChineseInvestors.com’s S-1 filing with the Securities and Exchange Commission became effective this past week, securing a USD1.5m financing commitment from Kodiak Capital Group, a Delaware limited liability company.

ChineseInvestors.com’s S-1 filing with the Securities and Exchange Commission became effective this past week, securing a USD1.5m financing commitment from Kodiak Capital Group, a Delaware limited liability company.

The company's chief executive Warren Wang says "I am very pleased to have this facility in place as it offers the company (ChineseInvestors.com and Chinesefn.com) access to additional funds that may be required in the future for various initiatives as well as operating capital. It also serves as a vote of confidence for our business as we expand our operations in opening a call centre in Shanghai and work to finalise our first major consulting agreement with a Chinese based manufacturer in assisting them to become public on the OTCBB later in 2013."

Ryan Hobson, president of Kodiak Capital Group, says: "Kodiak is pleased to be a part of the company's capital needs strategy and looks forward to providing funds as stipulated under the terms of the funding agreement."