Dane Technologies Inc. Acquires LEVO AG.MINNEAPOLIS & WOHLEN, Switzerland -- Dane Technologies Inc. is pleased to announce we have strengthened our partnership to deliver a higher quality of life to wheelchair wheel·chair or wheel chair n. A chair mounted on large wheels for the use of a sick or disabled person. wheelchair, n users throughout the world. On March 27, 2007 Dane acquired the outstanding shares of LEVO levo-(lev) (lē´vō), pref a prefix applied to the name of optical isomers that rotate the plane of polarized light to the left. AG. As a result, LEVO AG becomes a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Dane Technologies Inc. After over 30 years of exceptional leadership, Dr. Kurt H. Fischer Fi·scher , Hans 1881-1945. German chemist known for his research on the components of blood. He won a 1930 Nobel Prize for his work on the synthesis of hemin. intends to retire from LEVO by May 1, 2007; however he will remain available as a consultant on an ongoing basis. Effective immediately Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM). The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs Raeber has been promoted to President of LEVO AG and will be responsible for managing all LEVO AG Operations. "The foundation of our partnership with Dane has been built on our shared values of integrity and a mutual commitment to standing technology. The LEVO/Dane partnership will continue to grow through our shared vision to bring standing solutions to all wheelchair users," said Dr. Kurt H. Fischer, founder, former 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. and owner of LEVO AG. "For over 30 years LEVO has been the leader in delivering standing solutions that combine Swiss engineering and precision with superior design and reliability. We are very proud to join with LEVO and help build upon their tradition of excellence and leadership in standing technologies. This acquisition plays an important part in continuing our tradition of growth and building share holder value," said Dan Johnson Dan Johnson may refer to:
Thomas Raeber, President of LEVO AG commented: "Together with the team in Wohlen, I am excited about the opportunities to grow and capture synergies in R&D, manufacturing, marketing, and distribution. This will allow us to deliver an even greater value to our customers." David Leckey, President of Dane Healthcare said: "This partnership presents an excellent opportunity to deliver Dane Healthcare products through LEVO's international sales network and expand LEVO sales throughout the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market. It will also allow us to better leverage new product development resources." As a team we would like to thank Dr. H. Fischer for his leadership in founding and building LEVO AG and the very positive impact he has had on the lives of thousands of people. We wish him a very happy retirement! LEVO AG (www.levo.ch) is a privately owned Swiss company developing, producing and distributing manual and power stand-up stand·up or stand-up adj. 1. Standing erect; upright: a standup collar. 2. Taken, done, or used while standing: a standup supper; a standup bar. wheelchairs for adults and children throughout the world. LEVO continues its tradition of innovation with the introduction of the first integrated monitor, which allows users to measure daily positioning activities. Dane Technologies (www.danetechnologies.com) is a leading provider of power assist and mobility solutions in retail, healthcare, and logistics markets worldwide. We help our clients increase safety, productivity, and improve their quality of life. |
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