Composite Technology (CPTC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Composite Technology (CPTC)

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext

From: Savant	10/25/2004 9:46:59 PM
	Read Replies (1) of 203

AUG 17, 2004..Composite Technology Corporation (CTC or the Company) (OTC Bulletin Board: CPTC), a leading developer of high-performance composite core cables for electric transmission and distribution lines, today announced it has completed a $15 million financing through sale of a 6% convertible debenture. Midsummer Investment, Ltd., was the lead investor, and three additional funds participated. Proceeds from the financing will be used to scale-up manufacturing, add inventory, increase sales/marketing efforts and for general operating purposes. CTC anticipates that the proceeds from this financing will sustain the Company to cash flow positive. Benton Wilcoxon, CTC Chairman and CEO said, "These proceeds enhance our financial strength and ability to capitalize on the opportunities of our technology to generate future growth." Lane Capital Markets (LCM), a partnership Investment Bank, acted as Composite Technology's Exclusive Placement Agent and Financial Advisor. LCM specializes in financings and advisory work for emerging and high growth companies across all industries. See: www.lanecapitalmarkets.com. Additional information on the financing will be available in the Company's 8-K to be filed with the Securities and Exchange Commission.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext