NexTech FAS Provides Corporate Update to the Financial Community
January 31 2008 - 7:01AM
Marketwired
AUSTIN, TX , are pleased to provide this corporate update which
outlines the recent acceleration in the company's current business
trends, with comments from NexTech FAS president and CEO, Tony
DiNapoli.
Some highlights from the last two quarters of 2007:
-- 5 (five) Advantage II Extrusion Coating systems were delivered to a
large Chinese manufacturer of Flat Panel Displays for use in their LCD
production line (http://www.fas.com);
-- Announced that Hakuto Co. Ltd. (TSE#7433), one of the most highly
respected distributors and manufacturers in the electronics industries,
made a $1M investment in the company
(http://www.hakuto.co.jp/english/irinfo/stocks/);
-- Plastic electronics leader, Plastic Logic Limited
(http://www.plasticlogic.com), placed a multimillion dollar product order
for the company's Advantage IV Extrusion Coater Line;
-- The company received multiple orders from a leading organic light-
emitting diode (OLED) process development company for its Advantage II
Extrusion Coating system; and
-- The company engaged Mercom Capital Group to spearhead its investor
relations initiatives.
Since the new year, the company has:
-- Completed a joint venture, the first step and a major milestone in the
merger transaction between the two companies;
-- Announced a ticker symbol change to NXSL as a result of a reassignment
by NASDAQ;
-- Announced a follow-up order from Plastic Logic Limited for
NexTStar(TM), a stand-alone automated optical inspection system (AOI) to be
incorporated into Plastic Logic's manufacturing line of flexible organic
active matrix displays; and
-- Appointed Dean J. Childers to the management team as the new chief
financial officer (CFO).
NexTech FAS president and CEO, Tony DiNapoli, stated, "Recent
trends within the company's orders have shown a marked acceleration
over the past few months. We are generating significant interest in
the marketplace for our products on both the coater and AOI side."
DiNapoli added, "As a result of recent developments, we anticipate
that 2008 will be a milestone year for the company and its
shareholders. We also very much appreciate the continued support we
have been receiving from our shareholders and stakeholders during
our joint-venture process, and look forward to translating our
successes into shareholder value."
About NexTech FAS and NFJV, LLC
NFJV, LLC, doing business as "NexTech FAS," is the operating
company of NexTech Solutions, Inc. (http://www.nxts.com) and FAS
Holdings Group, LLC (http://www.fas.com). NexTech FAS is a Delaware
limited liability company, headquartered in Austin, Texas, with
facilities in Dallas and Tokyo. The company is widely recognized in
the industry for the development of digital fluid dispensing and a
patented extrusion coating (spinless coating) technology known as
"FAS-Coat," which has become the de-facto standard in the coating
processes used in the manufacture of FPDs. The company also
delivers advanced metrology and automation solutions, and is the
first to deliver a turn-key solution for manufacturing lines in
both the semiconductor and FPD industries. NexTech FAS' stock is
quoted on the Pink Sheets under the symbol NXSL. For more
information, visit: http://www.nextechfas.com.
Forward-Looking Statements
This release may include forward-looking statements that involve
risks and uncertainties. Any forward-looking statements and all
other statements that may be made in this news release that are not
historical facts are subject to a number of risks and
uncertainties, and actual results may differ materially. Specific
risks include delays in new product development, product
performance and quality issues and the acceptance of our current
and new products by the FPD and semiconductor markets.
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Investor and Public Relations Contact: Mercom Capital Group, llc
1-512-215-4452 Email Contact
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