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Thursday April 8, 9:31 am Eastern Time
Company Press Release
Dega Technology Inc. Engages Broadmark Capital as Investment Banker to Raise Up to $15 Million
SAN LUIS OBISPO, Calif.--(BUSINESS WIRE)--April 8, 1999--Dega Technology Inc. (OTCBB:DEGA - news) announced today that it has entered into an investment banking agreement with Broadmark Capital Corporation.
Broadmark Capital, with offices in New York, San Francisco and Seattle, has agreed to assist in raising up to $15 million in equity for Dega. The company believes the funds will launch Dega.com as a worldwide leader of e-commerce automotive catalog companies, marketing to the $130 billion automotive parts and service market (APAA, ASIA market research).
Jean Pierre Makeyev, president and CEO of Dega Technology Inc., stated that, ''The investment banking relationship with Broadmark is very exciting as it will help Dega execute its business plan and lead the electronic catalog companies for the automotive industry into the next millennium.''
Makeyev further stated that, ''The acceptance of the product has been very positive and the funding will help Dega commercialize the product over the Internet in a timely manner.''
Dega has been a provider of electronic catalogs to the automotive and other industries for over 10 years. For more information, visit www.dega.com.
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Contact:
Dega Technology, San Luis Obispo
Dawn Legg, 805/546-0444
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