Mark, Thanks for the heads up, here's the article:
Galtech Completes Private Placement
PR Newswire, Tuesday, February 04, 1997 at 09:08
MESA, Ariz., Feb. 4 /PRNewswire/ -- Galtech Semiconductor Materials Corp.
(BB: GTSM) announced today that it has completed a private
placement with private investors and M.H. Meyerson & Co., Inc. (Nasdaq: MHMY)
a securities firm located in Jersey City, New Jersey.
Galtech CEO, Russell Chapman, commented, "This funding enables us to
acquire strategic production equipment which marks the emergence of Galtech
from a development stage company to a production company in its Semiconductor
Materials Division. For the balance of 1997 we anticipate making significant
market penetration with our Cadmium Telluride product and are expecting
profitability by the end of the third quarter."
Galtech Semiconductor Materials Corporation is an innovative research,
development, and manufacturing company that specializes in developing new
technologies for the marketplace. Currently, it is poised to become a chief
supplier of large area, single crystal Cadmium Telluride to the multi-billion
dollar semi-conductor industry.
SOURCE Galtech Semiconductor Materials Corp.
-0- 02/04/97
/CONTACT: Russell Chapman, CEO of Galtech, 602-835-5388; or Bill Tunnell
of North American Corporate Consultants, Inc., 602-561-1300/ |
