Bridgewater Capital Corp. Announces Strategic Investment Banking Agreement With ThermaCell Technologies Inc.NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif.--(BUSINESS WIRE)--Feb. 25, 1999-- Bridgewater Capital Corp. Thursday announced that is has signed ThermaCell Technologies Inc. (Nasdaq:VCLL) as its newest client. Bridgewater Capital will provide services for ThermaCell Technologies such as identifying debt and up to $2 million of initial equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. . In addition, Bridgewater Capital will act as an advising party in order to help ThermaCell further advance with its aggressive acquisition strategy. ThermaCell Technologies is a vertically integrated manufacturer and marketer of technologically enhanced coating and building materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . that provide improved insulation, protection, strength, longevity and value at a lower cost than conventional materials. The company's Web sites located at www.thermacell.com and www.paint-n-stuff.com are two of the first e-commerce sites for the paint industry that are available online today. ThermaCell's expansive product line is used by such prestigious companies as Boeing Aircraft (NYSE NYSE See: New York Stock Exchange :BA), American Airlines (NYSE:AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. ) and several NASCAR NASCAR (National Association for Stock Car Auto Racing), organization that sanctions American stock-car races, est. 1948. It held its first race in Daytona Beach, Fla. auto-racing teams. The company's products are currently distributed through Sherwin Williams (NYSE:SHW SHW Sherwin-Williams Company (stock symbol) SHW Slide Show (file extension) SHW Super Heavy Weight SHW System High Workstation SHW Shortest Hop Win (throughput scheme) ), ICI (language) ICI - An extensible, interpretated language by Tim Long with syntax similar to C. ICI adds high-level garbage-collected associative data structures, exception handling, sets, regular expressions, and dynamic arrays. Paints and ACE Hardware to name a few. Jack Thomsen, partner of Bridgewater Capital stated, "We are very pleased to have such a promising client. ThermaCell Technologies has immediate plans to complete new facilities in order to further expand on its innovative VaxCell(TM) Microsphere Not to be confused with Glass microphere. This article largely refers to micropheres or protein protocells as small spherical units postulated by some scientists as a key stage in the origin of life. technology. Keeping this strategy in mind, Bridgewater Capital's first order of business is to satisfy the company's need for additional equity capital in order to help implement those plans." Thomsen continued, "Bridgewater Capital is also ready to move forward with advisement Deliberation; consultation. A court takes a case under advisement after it has heard the arguments made by the counsel of opposing sides in the lawsuit but before it renders its decision. ADVISEMENT. on ThermaCell's aggressive marketing, distribution and future acquisition plans. As the company's visibility increases, by way of its recent increase in retail distribution channels, as well as their successful breakthrough into Internet distribution, we believe that the demand for ThermaCell's products will significantly increase." "ThermaCell is quite encouraged that Bridgewater Capital is advising our company on a variety of financial issues. It was our intent to choose an 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. that could advise and perform extremely well in today's uncertain equity market. Bridgewater Capital has extensive contacts in the financial community which makes us confident that their advice on mergers and acquisitions as well as equity financing will allow ThermaCell to significantly increase shareholder value," stated John Pidorenko, president and chief executive officer of ThermaCell Technologies Inc. Bridgewater Capital was founded to specialize in providing solutions to the wave of new emerging growth companies seeking capital. With a primary focus in special situation investments, Bridgewater Capital is dedicated to providing public companies with the investment banking and corporate development services that they need. Bridgewater Capital's services are targeted toward growing the client company and providing the highest level of service to meet the goals of each individual company. For more information regarding ThermaCell Technologies Inc. visit the company's Web site at www.Thermacell.com or contact Gary Fishman or Kimberly Boshara at 212/527-4808. Included in this release are "forward-looking" statements 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. |
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