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Hi, I thought you would be interested in this article from ABL Advisor. King Trade Capital Provides $5 Million P/O Financing to Arizona Textile Firm Related: King Trade Capital , Purchase Order Finance , Textiles King Trade Capital announced the completion of a $5 million purchase order finance facility for an Arizona-based textile products company. King Trade Capital recently was contacted by and old client to help a new quickly growing company that needed financing to help scale up their business in light of incredibly fast sales growth. The company was born of an idea that first resonated online direct to customers, and then had great success on the TV show Shark Tank. Shortly after their appearance on Shark Tank the company built an even bigger following through social media for their direct to consumer sales. The success online and the great product idea brought an old client of KTC’s to work with the company and help them increase production capacity so they could attract and execute on deliveries to major brick and mortar retailers that wanted to place large orders. This relationship has significantly increased the companies need for capital to finance the production being brought in from Asia. King Trade Capital was able to get comfortable moving forward with the new company due to the good product idea and our past relationship with the production partners. King Trade Capital worked quickly with the Client alongside a new factoring partner to structure an end to end finance solution that provides the Client the ability to fulfill the purchase orders from major retailers. The solution consisted of issuing letters of credit to the suppliers overseas to get products produced and shipped to the end customers. The addition of the factoring company provides the Client with additional liquidity once goods have been shipped to the end customer. The Client now has the ability to fulfill larger orders and add even more new customers with King Trade Capital supporting the future sales growth.
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Sorrell got his big break in advertising when he joined Saatchi & Saatchi in 1975. He quickly worked his way up and became so entwined with the agency’s founding siblings that he became known in the industry as “the third brother.” In 1985, he struck out on his own with an improbable business gamble: He bought part of a British shopping basket manufacturer, Wire and Plastic Products, and proceeded to transform it into a global advertising behemoth, acquiring 18 advertising-related companies in just three years. In 1989, he surprised the advertising world with a hostile $825 million takeover of Ogilvy & Mather, then one of the most influential ad agencies, and continued to snap up global competitors, including Young & Rubicam, a global marketing and communications company. Mr. Sorrell shaped WPP with an iron grip, and fashioned it in his own image. (He is renowned for holding conversations while texting with clients and friends.) Today, WPP is a global advertising behemoth with 130,000 employees in 112 countries, and a market valuation of around 22 billion pounds, or about $31 billion. Yet as he fashioned himself as a superstar executive, Mr. Sorrell also came under sharp scrutiny — especially for his increasingly lavish pay packages, which came to symbolize boardroom excess in Britain. Since 2012, WPP has paid Mr. Sorrell £210 million, making him the highest paid chief executive of any company listed on the FTSE.
(The original documents are to be given back to Iraq.) • The pyramids of Giza are near a Pizza Hut. Movies and textbooks (and our imaginations) tend to depict ancient world landmarks in an idyllic light, but our visual tour shows that the reality is often quite different. CreditGene Arias/NBCU Photo Bank, via Getty Images It’s now a widely known way to save someone from choking: Wrap your arms around them from behind, squeeze and push their abdomen to create air flow to the lungs. The Heimlich maneuver was first described in June 1974, in an article published by its creator, Dr. Henry Heimlich . Above, Dr. Heimlich demonstrated the maneuver on Johnny Carson in 1979. In the early 1970s, almost 4,000 Americans died annually from choking on food or small objects. It was the sixth-leading cause of accidental death in the U.S.