Capital Resource Alliance Inc (OTC:CRRA) 0.250 +0.040 (19.05%)

[daytrader]

Capital Resource Alliance Announces Agreement to Obtain $500,000 in Financing
CALGARY, Alberta, Aug. 14 /PRNewswire-FirstCall/ -- Mr. Ray Gordon, President and Chief Executive Officer of Capital Resource Alliance Inc. (OTC Bulletin Board: CRRA) announced today that an agreement has been established in principle with a private group of investors for a Five Hundred Thousand Dollar ($500,000) private placement of the corporation's common stock.

The agreement, which is being formalized, calls for five monthly tranches of $100,000 to be used to expand marketing efforts with interested government and private concerns in several third-world countries.

Terms of the placement are: $100,000 of restricted Common stock to be subscribed for on the last Monday of each month commencing Monday, August 31, 2009. The price will be determined by the average trading price of the previous ten trading days. The private investors will receive a twenty percent discount from the average price and the shares subscribed for will bear restrictive legends as prescribed by SEC Regulations.

The agreement will have an effective date of August 31, 2009.

In reference to the private placement, Mr. Gordon stated, "We are excited about the agreement to obtain financing which management views as a positive testament towards the lucrative potential that we expect to generate from this leading-edge, "green friendly" construction material. This milestone is designed to keep the Company progressing in a fast-paced direction, while simultaneously adding to our ability to generate increased exposure of our unique, one-of-a-kind building material."

"Real-life results of this revolutionary building material have, as expected, generated outstanding interest from both the public and private sector on an international level," Mr. Gordon continued. "To our knowledge, no other construction material has the strength to withstand mother nature's destructive powers - such as earthquakes that hit 6.9 on the Richter scale and hurricanes that hit 200 miles-per-hour - while at the same time offer the same benefits of being lightweight; bullet proof; non-combustible and fire resistant."

"The cash injection could greatly assist in achieving the short-term and long-term objectives the Company has outlined which are aimed at generating revenue streams from multiple segments within the construction industry. There is a tremendously wide-range of applications which includes everything from bathtubs to buildings. Hence, we intend to capitalize on as many of these segments as possible since we believe the demand for this new material could be quite strong upon achieving a higher degree of market awareness," said Mr. Gordon.

About Capital Resource Alliance Inc.

Capital Resource Alliance Inc. manufactures and markets the "WonderWall" which is a revolutionary building system that involves on-site creation of long lasting, low cost housing, schools, commercial buildings and storage facilities. This new "building block" is designed to be the structural centerpiece for many buildings that use cement as the foundation of their construction. The unique construction material has proven to be earthquake resistant, bullet proof, hurricane resistant, lightweight and easy to ship & produce, non-combustible and fire resistant. The world is producing Portland Cement faster than it can be produced and is considered to be a dwindling non-renewable resource. However, the WonderWall construction material is considered to be "exceptionally green" because the process to develop the product does not deplete forest reserves.

This news release contains forward looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the failure to meet schedule or performance requirements of the Company's contracts, the Company's liquidity position, the Company's ability to obtain new contracts, the emergence of competitors with greater financial resources, and the impact of competitive pricing. In the light of these uncertainties the forward-looking events referred to in this release might not occur.

SOURCE Capital Resource Alliance Inc.