Millenium Holding secures $8.5 million equity line from Dutchess

By Sheri Kasprzak

New York, March 31 - Millenium Holding Group, Inc. said it has received an $8.5 million equity line of credit from Dutchess Private Equities Fund, LP.

Under the agreement, Dutchess may buy shares of Millenium. The pricing terms of the agreement could not be determined by press time Friday.

Based in Henderson, Nev., Millenium does not have any operations currently but is moving into the internet insurance and internet banking business.

Friday, the company's stock remained unchanged at $0.32 (OTCBB: MNHG).

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