Birmingham-based CruiseCam International Inc. (Pink Sheets: CCMC), the inventor of the world's first seat video and imaging apparatus, has secured its first round of private financing to produce 1,000 camera mounts by Dec. 15.
CruiseCam also has negotiated a deal to buy its multi-patented, state-of-the-art products directly from factories in China to reduce its costs.
"Bypassing the middleman by buying our products directly from factories in China will pay dividends for our investors by cutting our costs significantly," said Scott Watkins, a five-time Daytona Rolex 24 Hours driver, who is president and CEO of CruiseCam International. "Our private investors' seed money will enable us to fill back order demand for our multi-patented, state-of-the-art products and fund engineering in China to supplement our new product offerings."
CCMC develops automobile, truck and military camera products. CruiseCam is the only Original Equipment Manufacturer video recording product in the market today and the only interior camera that is designed to meet the Federal Motor Vehicle Safety Standards for avoiding occupant injury through crash testing. To check out CruiseCam products in action on YouTube, visit: www.youtube.com/user/CRUISECAM1#p/u.
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