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Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?


To: Glenn Petersen who wrote (11)1/7/2005 11:57:59 PM
From: Glenn Petersen  Read Replies (3) | Respond to of 3862
 
Trinity Partners Acquisition Company, Inc.

Number of units being sold: 143,750 Class A units and 747,500 Class B units

Price per unit: $10.50 per Class A unit and $10.10 per Class B unit

Terms of deal: Each Class A unit consists of two shares of common stock and warrants for ten shares of common stock exercisable at $5.00 per share. Each Class B unit consists of two share of Class B common stock and warrants for two shares of common stock exercisable at $5.00 per share.

Underwriters: HCFP/Brenner Securities LLP

Ticker symbols
Common stock: TPQCA and TPQCB
Warrants: TPQCW and TPQCL
Units: TPQCU and TPQCZ

Common shares outstanding subsequent to IPO: 287,600 shares of common stock and 1,495,000 shares of Class B common stock

Shares held by public shareholders: 143,750 shares of common stock and 1,495,000 shares of Class B common stock

Shares held by insiders: 100 shares of common stock

Percentage held by public shareholders: Less than 1.00%. The management team has been issued a large number of warrants as an incentive.

Gross proceeds raised: $9,059,125
Net proceeds held in escrow: $7,549,750
Escrowed proceeds per share applicable to future public shareholders: $5.05 (Class B common shares only)

Date of IPO: July 30, 2004
Date of original filing: May 10, 2004

Current stock price (as of January 7, 2005)
Common stock: TPQCA ($4.00) and TPQCB ($4.75)
Warrants: TPQCW ($.70) and TPQCL ($1.01)
Units: TPQCU ($16.00) and TPQCZ ($12.00)

Description of business: We are a blank check company organized under the laws of the State of Delaware on April 14, 2004. We were formed to effect a merger, capital stock exchange, asset acquisition or other similar business combination with a currently unidentified operating business with significant growth potential. Our efforts in identifying a prospective target business will not be limited to a particular industry. To date, our efforts have been limited to organizational activities.

Biographical information for significant officer: Lawrence Burstein has served as our president, treasurer and a member of our board of directors since our inception. Since March 1996, Mr. Burstein has been president and a principal stockholder of Unity Venture Capital Associates Ltd., a private investment company. For approximately ten years prior to 1996, Mr. Burstein was the president, a director and principal stockholder of Trinity Capital Corporation, a private investment company. Trinity ceased operations upon the formation of Unity Venture in 1996. Mr. Burstein is also a director of THQ, Inc., a Nasdaq National Market-listed developer and publisher of interactive entertainment software for the major hardware platforms in the home video industry; CAS Medical Systems, Inc., an OTC Bulletin Board-listed company which manufactures and markets blood pressure monitors and other disposable products principally for the neonatal market; Medical Nutrition USA, Inc., an OTC Bulletin Board-listed company which principally manufactures and distributes nutritional supplements for the weight loss and elder care markets; I.D. Systems, Inc., a Nasdaq SmallCap-listed company, which designs, develops and produces a wireless monitoring and tracking system which uses radio frequency technology; and Traffix, Inc., a Nasdaq National Market-listed marketing company that develops and operates internet-based marketing programs as well as direct marketing programs. Mr. Burstein received a B.A. from the University of Wisconsin and an L.L.B. from Columbia Law School.

SEC filings: sec.gov



To: Glenn Petersen who wrote (11)1/28/2005 7:24:04 PM
From: Glenn Petersen  Read Replies (1) | Respond to of 3862
 
Sand Hill IT (SHQC) adds four advisory board members and the formation of five strategic alliances:

biz.yahoo.com

Sand Hill IT Security Corp. Announces New Advisory Board Members and Strategic Industry Partners

Tuesday January 25, 11:41 am ET

MENLO PARK, Calif., Jan. 25 /PRNewswire-FirstCall/ -- Sand Hill IT Security Acquisition Corp. (OTC Bulletin Board: SHQC - News; the "Company") announced today the appointment of four IT security and technology executives to the Company's advisory board and the formation of five strategic alliances with IT security companies.

The newly appointed advisory board members are Roberto Medrano, former CEO, PoliVec and former General Manager of the E-Services and Internet Security Divisions at Hewlett-Packard; John Garvey, former CEO of Betrusted, Inc.; Lou Ryan, former CEO of Entercept Security Technology; and Raj Dhingra, former Senior Vice President of Corporate and Product Marketing, McAfee, Inc. Industry partners include Internet Research Group (formerly NetsEdge Research), Milestone Group, NanoOptic Networks, The York Group, and Trusted Strategies.

Chief Executive Officer Humphrey Polanen said, "We are very pleased that four highly credentialed and respected executives have joined Sand Hill IT Security's advisory board. Their leadership on IT security issues and extensive knowledge and experience will support our goal to complete a business combination with a leading IT security company."

Roberto Medrano, a recognized executive in the field of Internet security, has been a leader in firewall, content security, security policy and the intrusion prevention segments of the security market. Mr. Medrano is a member of President Bush's National Security Advisory Committee, National Cyber Security Summit, and The White House National Strategy to Secure Cyberspace. He also participated in President Clinton's White House Security Summit.

John Garvey has nearly 20 years of security and technology experience in senior management and advisory roles for leading global companies, and has been involved in the acquisition of more than 10 IT security companies. While CEO of Betrusted (now CyberTrust), Mr. Garvey built one of the world's largest security services company and provider of security services to top tier companies and government organizations.

Lou Ryan offers 22 years of computer industry management experience. He is the former CEO of Entercept (acquired by McAfee) and PinPoint Software, a leading security technology company. Mr. Ryan also co-founded and served as executive vice president of worldwide sales at Delrina Corp., a leading supplier of communications software (also acquired by Symantec).

Raj Dhingra, former SVP of marketing with McAfee (previously Network Associates Inc.), was responsible for corporate and product marketing of network and system security products. Mr. Dhingra has guided many emerging companies through market entry and rapid business growth and has helped establish industry-leading positions in extremely competitive markets.

"We are also pleased to have established relationships with our strategic industry partners, each of which has their own area of expertise in IT security," Polanen added. "These companies' management teams and operating capability can help the company with which we complete a business combination realize its full potential."

Internet Research Group specializes in Internet infrastructure, helping organizations build effective information security systems through marketing and strategy research reports and focused consulting services. John Katsaros is a principal at the Silicon Valley-based company.

Milestone Group is a professional services firm that helps technology companies solve revenue and growth challenges. Mark A. Zawacki is a partner with the company and based in Silicon Valley.

NanoOptic Networks specializes in executive search for technology-enabled companies with a domain expertise in information security. Herman Collins is CEO.

The York Group is a worldwide organization that helps companies build sales and distribution channels for IT and telecom products. Harald Horgen is president and CEO.

Trusted Strategies is a research and advisory firm focused exclusively on the business of IT security and offers over 40 years of experience building and deploying IT security products. Frank P. Paniagua, Jr. is a partner with the company.

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