Advanced Lumitech, Inc. d/b/a Brightec, Secures Bridge Funding; Creator of the World's First Photographic Quality Glow-in-the-Dark Paper Secures Bridge Funding for Working Capital.SOUTH NATICK, Mass. -- Advanced Lumitech, Inc., d/b/a Brightec (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : ADLU ADLU ADSL Distribution Line Unit .PK) creator of the world's first photographic quality glow-in-the-dark paper, today announced that it has secured $750,000.00 in bridge funding through RossFialkow Capital Partners, LLP LLP - Lower Layer Protocol of Newton, Massachusetts The City of Newton in Middlesex County, Massachusetts, is an important residential suburb of Boston, which abuts it on the east. According to the 2000 census, the population of the Newton was 83,829, making it the tenth largest city in the state. . Proceeds of the financing are to be used to fund past and present auditing and legal expenses related to SEC required filing obligations, product development, the building of inventory, and implementation of marketing initiatives. "To be viable in the commercial marketplace, it is essential that we continue our research and development efforts towards the goal of lowering our product cost, and then subsequently build inventory to meet customer demand," said Patrick Planche, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Brightec. "Having working capital will help us achieve these objectives and should also make it possible to secure long-term funding in the future." Added Mr. Planche, "Our choice to work with RossFialkow Capital Partners, LLP, was an important decision for us. Not only were they able to provide the bridge financing Bridge Financing A method of financing, used by companies before their IPO, to obtain necessary cash for the maintenance of operations. Notes: These funds are usually supplied by the investment bank underwriting the new issue. , but they bring to the relationship a wealth of experience with many valuable business contacts." "Brightec offers an exciting product that is engaging and easy to use, with unlimited applications and markets," said Jay Fialkow, Managing Partner of RossFialkow Capital Partners, LLP. Added Jeffrey Ross, Co-Managing Partner, "Glow-in-the-dark is a concept everyone understands. However, to offer a photographic quality glow-in-the-dark product that really works is what sets Brightec apart from the rest of the field. This positions Brightec to be a formidable player in the specialty media marketplace." About RossFialkow Capital Partners, LLP RossFialkow Capital Partners is an investment banking firm with deep experience in business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets , mergers and acquisitions, strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , and investment banking. The company's principals have extensive experience ranging from business turn-arounds and successful sales to large public companies, to the counseling of hundreds of privately held and family businesses, and in managing partner roles for two Boston-area law firms: Kaye Fialkow, and Stroock, Stroock & Lavan. The firm focuses its efforts on assisting owners of small and mid-size family and closely held A phrase used to describe the ownership, management, and operation of a corporation by a small group of people. In a closely held corporation, the same people often act as shareholders, directors, and officers, and no outside investors exist. businesses with planning, growth and funding objectives. For more information on RossFialkow Capital Partners and its services, please visit www.rossfialkowcapital.com. About Brightec Brightec (Advanced Lumitech, Inc., d/b/a Brightec OTC: ADLU.PK) is the creator of the world's first patented photographic quality glow-in-the-dark paper. Brightec's paper charges automatically with just a few minutes of exposure to light and will glow for hours -- dramatically outshining conventional glow-in-the-dark products. With Brightec(R) inkjet or offset paper, users can print razor sharp color pictures that appear normal by day and are luminescent lu·mi·nes·cent adj. Capable of, suitable for, or exhibiting luminescence. [Latin l  men, l at night in full photographic detail. Innovative and versatile, Brightec paper is ideal for applications in numerous commercial markets including advertising, promotions, premiums and consumer or industrial products. Brightec brand glow-in-the-dark inkjet paper in 4"x6", 8.5"x11" and 12"x18" formats are available from the Company's website. For more information on Brightec and its products, please visit www.brightec.com. The information in this Press Release includes certain "forward-looking" statements within the meaning of the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to successful performances of internal plans, the impact of competitors, and general economic risks and uncertainties. |
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