CSMG Technologies Retains Investment Banking Firm Empire Financial Group to Lead Financing Strategies to Fund Growth Initiative
July 18 2006 - 10:00AM
Business Wire
CSMG Technologies, Inc., (OTCBB: CTUM): -- Live Tissue Connect,
Live Human Tissue Bonding Subsidiary, to Immediately Seek Funding
via Private Placement; Targets Follow-on IPO -- Live Tissue Connect
Moving Rapidly to Commercialize Patented Device Technology in U.S.,
Europe and Asia CSMG Technologies, Inc., (OTCBB: CTUM) a technology
management company focused on commercializing human live tissue
bonding devices and renewable energy landfill gas production
systems, announced that it has retained investment banking firm
Empire Financial Group (Amex: EFH) to develop and lead financing
strategies. CSMG President and CEO Donald S. Robbins said, "Our
patented human live tissue connecting device technology, as well as
our patented purification of landfill gas to pipeline quality gas,
are both moving closer to commercialization. We have engaged Empire
Financial Group to develop and implement financing strategies to
meet the Company's cash requirements to fund the accelerating
growth of these leading-edge technologies. We anticipate our Live
Tissue Connect subsidiary will be foremost in our focus as we look
to fund additional development of our bonding devices, pursue
global patent protection and add to working capital. We are
confident we could therefore continue to rapidly move forward our
commercialization strategy in Europe, the U.S. and Asia." "We
believe Empire Financial Group is well suited to our needs, as they
understand our technologies, and importantly, have been successful
in raising capital for technologies and companies similar to CSMG,"
added Mr. Robbins. "We are also in discussions with various
respected corporate parties to further development of our
purification of landfill gas to pipeline quality gas subsidiary."
Mr. Ed Cabrera, Head of Investment Banking, Empire Financial Group
said, "We are very pleased to have the opportunity to work with
CSMG Technologies. We believe their patented technologies could
experience rapid acceptance and revenue growth in their respective
target markets, which are substantial. We are moving quickly to
finance the Company's Live Tissue Connect subsidiary, evidenced by
our current private placement offering of securities. After
closing, which we anticipate within 30 days, we will begin plans
for an IPO as early as this year. With regulatory approval for its
devices in the U.S., revenues could be significant, as its devices
replace surgical staples, sutures, sealants and other inadequate
solutions currently in use." About CSMG Technologies, Inc. CSMG
Technologies is a technology management company that finances,
owns, develops, licenses and markets innovative advanced
technologies and business opportunities created in the Ukraine
through a network of scientific institutes and private
organizations. CSMG has three subsidiaries, Live Tissue Connect,
Inc., CSMG Gastech, LLC and Anaerobic Farm Waste, Inc. For further
information on CSMG Technologies and it's various subsidiaries,
please visit our website at www.ctum.com. Sign up to receive CSMG
Technologies automated email press releases and other
notifications: Please go to
http://www.ctum.com/contact_information.html and fill-in
information. About Empire Financial Group, Inc. Empire Financial
Group and its subsidiaries provide investment banking and corporate
financing services, as well as securities brokerage, asset
management, and market making services in the United States, Europe
and Asia. It provides brokerage services directly to retail
customers, and small- to mid-sized institutions. Empire Investment
Advisors provides investment advisory services to its customers,
independent registered investment advisors, and unaffiliated broker
dealers. Empire Financial Holding also offers ancillary services,
including market data and financial information, portfolio tracking
and records management, cash management services, and account
security. Based in Longwood, Florida, the company, founded in 2000,
has offices in NYC, NY and other locations throughout the U.S. This
press release may contain forward-looking information within the
meaning of Section 21E of the Securities Exchange Act of 1934 as
amended (the Exchange Act), including all statements that are not
statements of historical fact regarding the intent, belief or
current expectations of the company, its directors or its officers
with respect to, among other things: (i) the company's financing
plans; (ii) trends affecting the company's financial condition or
results of operations; (iii) the company's growth strategy and
operating strategy; and (iv) the declaration and payment of
dividends. The words "may," "would," "will," "expect," "estimate,"
"anticipate," "believe," "intend" and similar expressions and
variations thereof are intended to identify forward-looking
statements. Investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, many of which are beyond the company's
ability to control, and that actual results may differ materially
from those projected in the forward-looking statements as a result
of various factors.
Empire (AMEX:EFH)
Historical Stock Chart
From Sep 2024 to Oct 2024
Empire (AMEX:EFH)
Historical Stock Chart
From Oct 2023 to Oct 2024