My oh my! Doesn't look like they will make those 14 months that you guys were swearing to back in Oct.! The beauty of life is that time tells us all...
Message 16440546
Here comes more dilution (if that's possible on a penny stock).
JUNE 11, 2002
PREVIOUS NEWS WIRE FEED
Lumenon Hires Financial Advisor
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MONTREAL -- Lumenon Innovative Lightwave Technology, Inc. (NASDAQ: LUMM - message board), a photonic materials science and process technology company offering high-quality optical devices for the global telecommunications, data communications and cable markets, announced today that it has entered into a financial advisory services agreement with Rodman & Renshaw, Inc. (member NASD/SIPC).
In announcing the agreement, Gary Moskovitz, Lumenon's President and Chief Executive Officer, stated, "We believe Lumenon has a strong team of outside advisors and with the addition of Rodman & Renshaw, we have now added a capable and respected financial advisor. In my first year at Lumenon we have been creating proprietary photonic materials and optimizing our proprietary PHASIC(TM) design and manufacturing process, to move towards offering competitive low-cost optical components and services. As we emerge from our development stage and begin to engage the market, we will require partners that can support our financial goals and support long-term value for our shareholders."
John Borer, Senior Managing Director of Rodman & Renshaw stated, "We believe that the photonic marketplace continues to be an innovative industry. We recognize the potential disruptive proprietary technologies and manufacturing value proposition that Lumenon brings to the marketplace and are pleased to be part of the Lumenon team. We have looked at Lumenon's strong directorship, management, and consultation teams and look forward to presenting Lumenon's vision to major capital market players with the ultimate aim of increasing shareholder value."
Lumenon Innovative Lightwave Technology Inc. |
