The Furia Organization terminates $4 million private placement

By Sheri Kasprzak

New York, April 18 - The Furia Organization said it has withdrawn a $4 million private placement and is proceeding with another equity financing.

Furia is negotiating with a private group for an equity financing.

"The negotiation of financing for the company with a single group is in the best interest of the company as it will allow far more flexibility with the terms and conditions on new capital for the purpose of acquisitions," said Michael Alexander, the company's chief executive officer, in a statement.

Based in Rockwall, Texas, Furia provides third-party logistics, transportation brokerage and motor carrier services.

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