Protocol, a leading provider of fully integrated direct marketing solutions and services, has approved an equity offering to raise $10m-$12m for the repayment of revolver debt and to fund working capital needs. $10m is expected to be received in October and additional payments, up to $2m, will be received by the Company upon reasonable request within 24 months of closing. America's Growth Capital acted as the sole financial advisor and presented the fairness opinion to the Board of Directors of Protocol.