FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Act of 1934
Date of Report (Date of earliest event reported) January 11, 2006
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ACROSS AMERICA REAL ESTATE CORP.
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(Exact Name of Small Business Issuer as specified in its charter)
Colorado 000-50764 20-0003432
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(State or other (Commission (IRS Employer File Number)
jurisdiction of File No.)
incorporation)
1660 Seventeenth Street, Suite 450, Denver, Colorado 80202
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(Address of principal executive offices including zip code)
(303) 893-1003
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(Registrant's telephone number, including area code)
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
| | Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
| | Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
| | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
| | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Act of 1934
References in this document to "us," "we," or "the Company" refer to Across
America Real Estate Corp. and its subsidiaries.
Item 8.01 Other Events.
AARD Signs Letter of Intent for an Additional $10 million
(Completion Brings Up to $30 million in Project Financing)
DENVER, COLORADO, January 11th, 2006 - Across America Real Estate Corp.
(AARD.OB) ("Across America") a 100% finance partner to retail developers and
franchisees announced it has signed two non-binding letters of intent each for
$10 Million in funding, which, if both completed, would make up to $30 million
in capital available for Across America to deploy to provide 100% financing to
its single pad triple net developers and national retailers.
"Across America Real Estate is excited to enter into these two non-binding
agreements each for an additional $10 million dollars of funding to expand
current business operations with the goal of increasing revenues and net
profits." said Alex Lagerborg, President and CEO of Across America Real Estate.
"This additional capital would be divided in each case into $7 Million Dollars
of senior subordinated notes and $3 Million Dollars in convertible preferred
stock. The rate of the senior subordinated notes will float over the ten year
Treasury Note and the convertible preferred stock will have a conversion price
at $3.00 per share, without a provision to reset the price at a lower value per
share in the future." Lagerborg continued "This funding allows us to apply the
model we have built and multiply it several times over and would help to support
over $25 Million in current construction financing to build small box
developments."
This funding, if completed, would provide Across America with Ten Million
Dollars of senior subordinated debt from GDBA Investments LLLP, which at the
present is all subordinated debt and will be recast as Seven Million Dollars in
senior subordinate debt, and Three Million Dollars as convertible preferred
stock whose terms will mirror the terms and conditions of the new capital and an
additional Ten Million Dollars, from an undisclosed source for Seven Million
Dollars in senior subordinate debt, with Three Million Dollars as convertible
preferred stock. The current Ten Million Dollars of senior debt from Vectra Bank
of Colorado would remain in place.
Across America has served national retailers such as Lone Star Steakhouse and
Saloon, International House of Pancakes, Checker Auto Parts, Family Dollar
Store, Advance Auto Parts, Grease Monkey International, and other single pad,
triple net, small box retailers.
About Across America Real Estate Corp.
Based in Denver, Colorado, Across America Real Estate Corp. (AARD.OB) partners
with national retailers and their developers to provide 100% financing for rapid
retail expansion. The Company operates in the niche that is small pad retail
market in the commercial real estate industry. Across America provides guidance
and creates financing solutions for increasing retail productivity and profit.
Please visit us at our website www.aard.us
For more information please contact:
Alexander V. Lagerborg James W. Creamer III
Across America Real Estate Across America Real Estate
303.893.1003 303.893.1003
alagerborg@aard.us jcreamer@aard.us
The statements included in this press release concerning predictions of economic
performance and management's plans and objectives constitute forward- looking
statements made pursuant to the safe harbor provisions of Section 21E of the
Securities Exchange Act of 1934, as amended, and Section 27A of the Securities
Act of 1933, as amended. These statements involve risks and uncertainties that
could cause actual results to differ materially from the forward-looking
statements. Factors which could cause or contribute to such differences include,
but are not limited to, factors detailed in AARD's Securities and Exchange
Commission filings; completion of due diligence and certain other pre-closing
conditions for all incomplete transactions; economic downturns affecting the
operations of AARD, its subsidiaries or proposed transactions; the inability to
initiate or complete any transaction; adverse financial performance by AARD or
any of its subsidiaries; adverse equity market conditions and declines in the
value of AARD common stock; and the unavailability of financing to complete
management's plans and objectives. The forward-looking statements contained in
this press release speak only as of the date hereof and AARD disclaims any
intent or obligation to update these forward-looking statements.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Across America Real Estate Corp.
Dated: January 11, 2006 By /s/ Alexander V. Lagerborg
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Alexander V. Lagerborg,
Chief Executive Officer