Global brand management company Genius Brands International has secured a $2 million revolving line of credit with SunTrust Banks to finance future growth.
"This provides us with even greater financial flexibility to execute our growth strategy than we had before, and strengthens our financial position even further," says Andy Heyward, chairman and chief executive officer, Genius Brands. "We are signing consumer products licensees for our brands continuously; we are licensing broadcasters and digital distribution outlets worldwide. We have growing interest from the biggest retailers in the U.S., and we expect to see material presence at retail of our product lines over the next 24 months as we execute against Baby Genius, Secret Millionaires Club, Stan Lee Comics, Thomas Edison's Secret Lab, and the new brands recently acquired to be announced shortly."
The publicly traded multi-media company is behind a number of licensed kids' brands including Baby Genius, Warren Buffett's Secret Millionaires Club, Gisele Bundchen's Gisele & the Green Team, Martha Stewart's Martha & Friends, Thomas Edison's Secret Lab and Stan Lee Comics, featuring its first movie, Stan Lee's Mighty 7.