08.01.17
Joey New York has announced it will fund the expansion of LABB stores, nationally. The financing will provide LABB with the capital needed for the expansion of its beauty suites.
Joey New York, Inc. through its wholly owned subsidiary botoxLABB offers injectable aesthetic beauty treatments.
"The LABB is an aesthetic beauty suite which provides individuals with injectable-only services in a luxury retail setting," stated Joey Chancis, CEO of Joey New York and Managing Director of The LABB.
Joey New York entered into agreements with two investors. The first agreement includes a nine-month $600,000 convertible note and an equity purchase agreement for up to $2 million of registered common stock.
The second agreement includes a seven-month $412,500 convertible promissory and an equity purchase agreement for up to $5 million of registered common stock.
Chancis adds, "The LABB aims to provide its clients with the best aesthetic results at more affordable prices than plastic surgeons and dermatologists. We see a major opportunity in this market based upon the results in our first Florida locations. We look forward to the near-term expansion of our footprint in South Florida and Southern California."
