ATHENA Medical Corp. announces proposed private placement.PORTLAND, Ore.--(BUSINESS WIRE)--June 10, 1996--ATHENA Medical Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Bulletin Board:AFEM AFEM Armed Forces Expeditionary Medal AFEM Air Force Emergency Management (US Air Force) ) Monday announced that it has engaged Sands Brothers Ltd. to act as the company's investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. in connection with a proposed private placement of approximately $7 to $10 million in equity. The company also announced that it has retained the Kriegsman Group to consult with the company in connection with the financing of its growth. Company president William H. Fleming said that the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the private placement would be used principally to fund the company's rollout of its products in the Southeastern region of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , development of foreign markets and for research and development of additional products. ATHENA Medical was founded in 1986 to develop, manufacture and market feminine health care products and cancer diagnostics on a worldwide basis. Athena headquarters is located at 10180 S.W. Nimbus Ave., Suite J-5, Portland, Ore. 97223-4340; 503/968-8800; Fax 503/639-3674. CONTACT: Susan M. Tellem, 213/935-1725 (office) 310/843-7297 (pager) |
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