NEW YORK, NY–( Jul 23, 2013) – Selway Capital Acquisition Corporation (OTCQB: SWCB) (OTCQB: SWCAL) (“Selway”) today announced that Selway and its subsidiaries, Healthcare Corporation of America, Prescription Corporation of America and PCA Benefits Inc., have entered into a loan and security agreement for a five year convertible loan of $5 million from Partners for Growth III L.P. (“PFG”) The transaction closed on July 17, 2013.
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