American Custom Components Signs Investment Banker for Institutional Equity Placement.SANTA ANA Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif.--(BUSINESS WIRE)--April 7, 1998-- Electronic Components Developer Takes Steps to Meet Nasdaq Qualifications and Fund Business Plan American Custom Components Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ACCM ACCM Asynchronous Control Character Map ACCM AIDS Community Care Montreal (Montreal, Quebec, Canada) ACCM Annual Conference for Catalog & Multichannel Merchants ACCM Anesthesiology & Critical Care Medicine ) Tuesday announced that it has executed an agreement with an unnamed New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of investment banking firm for an institutional placement of equity-related securities. Specific terms were not disclosed. The minimum capital to be raised under this best-efforts offering would allow American to meet the asset and net worth qualifications required for Nasdaq listing as well as fund the current business plan. "This early-stage capital raise is the next logical step in executing our business plan and remaining on a fast-track to Nasdaq qualification," stated American's President John Groom. "This new capital will fuel our growth as we continue to build our position as the vendor-of-choice in supplying customized interconnect (1) To attach one device to another. (2) A physical port (plug, socket) or wireless port (transmitter, receiver) used to attach one device to another. solutions to today's leading technology OEMs," said Groom. "It will also facilitate our expansion into the lucrative telecommunications and medical electronic sectors." Founded in 1994, American Custom Components utilizes a unique rapid-response development process combining sophisticated component and design engineering with internally maintained molding and tooling facilities. This turnkey See turnkey system. capability has allowed American to provide OEMs with new custom-designed components in a fraction of the time required by larger competitors. Included in this release are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, distribution and competition trends and other market factors. CONTACT: The Michelson Group Inc. 800/824-4011, Ext. 120 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion