News Release

Oxygen Funding, Inc. (“Oxygen Funding”), an affiliated ownership company of Armada Group USA, Inc., has completed the recapitalization of its existing $1.2MM portfolio of purchased accounts receivables. Oxygen Funding purchased invoices totaling $10MM within the last 12 months with a gross margin in excess of 40% and no losses. Oxygen Funding is seeking to increase its funding volume in 2018 to $24MM while maintaining a gross margin in excess of 35% by widening its product line, expanding its brokerage unit and purchasing existing portfolios.

About Oxygen Funding: Oxygen Funding is a fully licensed trade finance lender (California Finance Lenders & Brokers license #603G957) that has been funding commercial businesses since 2007. Oxygen Funding finances new clients sourced, underwritten and serviced by an in-house staff. Oxygen Funding also evaluates existing portfolios for potential purchase. As an outsourced service provider, Oxygen Funding offers underwriting and servicing services to finance companies, investors and brokers who wish to build their own factoring portfolios. Oxygen Funding is a primary provider of commercial financing solutions for all types of businesses offering a diverse set of business financing options. As a direct funder and in conjunction with key affiliates we offer accounts receivable financing, equipment financing, merchant cash advance, purchase order financing, revenue loans, and terms loans. Oxygen Funding plans to grow its client originations by: (1) expanding its referral based deal flow, (2) developing market vertical specific financing programs, (3) increasing capitalization to direct fund client companies, (3) building the client portfolio through potential acquisitions, and (4) expanding personnel in underwriting and servicing of clients.

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