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Spring Creek Capital Corporation: Spring Creek Capital Corp. Announces Completion of Share Exchange With Stratis Healthcare, In

^{Published on 2009-06-23 13:09:35, Last Modified on 2009-06-23 13:10:11 - Market Wire}
 

MERRITT ISLAND, FL--(Marketwire - June 23, 2009) - Spring Creek Capital Corp. (OTCBB: [ SCRK ]), a Nevada corporation, announced today that it has completed a share exchange with Stratis Healthcare, Inc. to provide funding for its business launch and expansion. Stratis Healthcare, Inc. is engaged in the business of providing end-to-end logistics services for small to mid-size medical product manufacturers. Stratis utilizes strategic partnerships to warehouse, provide inventory control and monitoring, and distribute products on a global basis. Its market niche is in providing market specific knowledge for the storage, handling, and distribution of medical products. Stratis Healthcare will design systems that are efficient and repeatable to allow it to implement similar solutions for the distribution of medical products.

Spring Creek will provide management assistance under a Management Services Agreement which will include advice and assistance for Stratis' business growth. Spring Creek recently elected to be treated as a business development corporation (BDC) under the Investment Company Act of 1940 and will focus on portfolio investments in companies developing cutting edge solutions for the healthcare market.

With the share exchange completed, Spring Creek will commence an offering to raise necessary funding required by Stratis for its capital needs to bring these services to market. The offering will also include capital required by Spring Creek for its own corporate needs and future acquisition.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that these forward-looking statements involve uncertainties and risks that could cause actual performance and results of operations to differ materially from those anticipated. These risks and uncertainties include issues related to the ability to: obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new ventures, as well as other factors set forth in Spring Creek Capital's most recently filed Form 10-K and Form 10-Q reports. The forward-looking statements contained herein represent the Company's judgment as of the date of this release and it cautions readers not to place undue reliance on such statements. Spring Creek Capital assumes no obligation to update the statements contained in this release.