1933 Industries Inc. announced that it has obtained a line of credit of up to USD 1,000,000 (the Loan), provided by Mr. Paul Rosen, Chairman and CEO of the Company. The Company has agreed to provide Mr. Rosen (the Lender) senior first priority security interests in all of its assets as collateral for the Loan. Withdrawals from the line of credit must be approved by the Lender and must include the requested amount and the use of the funds and each withdrawal will collectively constitute the Principal.

Interest on the Principal will commence to accrue on the date of each withdrawal, with an interest rate of 11% per annum accrued until the principal is paid in full. The Loan has a one-year term (the Maturity Date). The Principal, together with all accrued interest and fees is due and payable on or before the Maturity Date.

However, a minimum interest rate of 2% of the principal will be paid on the event that the Loan is paid back prior to the end of the term.