NPCT NEWS:
[PREFACE]
on 3-16-98 I started the NPCT thread due to the INCE fiasco.
(http://www.exchange2000.com/~wsapi/investor/Subject-19793).
Patience is a key when one finds a gem of a penny.
Friday July 24, 4:41 pm Eastern Time
Company Press Release
SOURCE: Intercell Corporation
Intercell Corporation Announces Closing Of $8.5 Million
Financing For Nanopierce Technologies, Inc.
DENVER, July 24 /PRNewswire/ -- Intercell Corporation (0TC Bulletin Board: INCE) a technology holding Company, today announced that its subsidiary Nanopierce Technologies, Inc. closed a $8.5 Million Financing.
Paul H. Metzinger, President & Chief Executive Officer of Intercell, stated, ''The closing of this financing for Nanopierce significantly enhances the value of the stock of Intercell.'' He further stated, ''I am confident that with this financing and under the executive leadership of Gilbert Olachea, Nanopierce Technologies, Inc. (OTC Bulletin Board: NPCT - news) will finally be able to commercially exploit its world-class technology.''
Intercell owns approximately 74% of Nanopierce Technologies, Inc. on a fully diluted basis prior to the financing.
The common stock of Intercell Corporation trades under the symbol INCE and is currently quoted at approximately $0.08 Bid and $0.10 ask.
Denver-based Intercell Corporation, through its subsidiary, Nanopierce Technologies, Inc., currently is engaged in the design and development of patented diamond particle-coated substrates for integrated circuit packaging and interconnection.
SOURCE: Intercell Corporation |
