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Dallas, Texas Investors Help IDC Raise $2.73 Million.


NEW YORK -- International Dispensing Corporation (IDC) (IDND IDND Indianapolis Discovery Network for Dementia .PK) is pleased to announce that Gene Stoner ston·er  
n.
1. One that stones.

2. Slang
a. One who is habitually intoxicated by alcohol or drugs.

b. One who is a delinquent or failure.
 and David Evaul, principals in GEDA GEDA Guam Economic Development Authority
gEDA GPL'd Electronic Design Automation (software)
GEDA Gujarat Energy Development Authority (India)
GEDA Gpl Electronic Design Automation
, LP, located in Dallas, TX took the lead in securing $2.73 million for the Company. Among the GEDA, LP investors are Edward W. Rose, III and a group of individuals associated with his investment activities in Dallas, TX.

"Gene and David are a terrific resource for the company," says Greg Abbott, IDC Chairman 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. . "Not only are they helping to broaden our investor base at an important time, but they have offered their help going forward. Working with them has been a great pleasure."

Gene Stoner commenting on the investment: "Greg Abbott is a visionary. David and I are excited to be a part of his vision."

This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. These statements reflect IDC's current views about future events. Risks, which may cause actual results to differ materially, may include, but are not limited to: the lack of acceptance of IDC's products by potential customers; IDC's failure to continue to develop its product line or to attract and retain customers; its failure to anticipate and adapt to developing markets and the presence of competition, including potential competitors that are larger than IDC, with greater financial, technical, and marketing resources.
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 29, 2006
Words:227
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