AimRite Announces Signing of Agreement for $5 Million Private Capital Investment.SOLANA Solana is the Spanish word for the sunny side of a mount or valley. It can refer to:
n. 1. A kingfisher, especially one of the genus Halcyon. 2. A fabled bird, identified with the kingfisher, that was supposed to have had the power to calm the wind and the waves while it nested on the sea Investments for a $5 million capital investment into the company for the expansion of the COAST suspension technology market. The investment is currently scheduled to be phased into the company over the next 60 days. Dr. Kenneth Coleman, president of the company, stated that the funds will be specifically targeted for the rapidly developing sport utility vehicle, bus and recreational vehicle markets. "The patented COAST systems represent a unique and revolutionary combination of software and hardware that results in unsurpassed ride control and safety for all land vehicles," he said. "We are pleased that Halcyon will be participating in our future." Wesley DePoorter, general partner and spokesman for Halcyon Investments, said: "Halcyon is pleased to support AimRite's cutting edge products. This investment is consistent with Halcyon's philosophy of investing in proven technology." For more information on COAST, access the company's new 40 page Web site at www.aimrite.com . CONTACT: AimRite Holdings Corp., Solana Beach Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , 619/259-7400 619/259-7308 (fax) |
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