ATLANTA — Discrete Wireless today announced the completion of a $1.3 million Series B equity capital round of private investment. This followed a series 1 “seed” equity capital private placement in July 2000, bringing the total amount raised to more than $2 million. The company is currently in discussion with local and national venture capital firms and investment banks for a subsequent Series-A round of venture capital.
MERIDIAN, ID — Nuclear Solutions Inc. (OTCBB:NSOL) announced today that the Company has entered into a second binding commitment for a follow-up equity investment of $500,000 through a private placement transaction for restricted stock with DMB Enterprises llc.
Zurich & munich — Swissrisk, a leading provider of web-based interactive and integrated risk and portfolio management tools, announced today that it has successfully completed its first round of financing totalling EUR 5 million. TVM Techno Venture Management led the round that also included Allianz Venture Partners. The completion of its first round of financing marks an important milestone in Swissrisk?s ongoing effort to expand its business in the area of interactive risk and portfolio management tools and personalized financial information and advice.
FULLERTON, CA — KleenAir Systems Inc. (OTCBB:KAIR), announced a significant equity purchase of KAIR stock by the Prudent Bear Fund in a recently concluded private placement of close to $1 million. KleenAir is nearing the end of its R & D stage as its NOxMaster(R) NOx Reduction System is now being tested and evaluated in a variety of field trials here and abroad. Since product performance has consistently exceeded expectations, it is anticipated that sales contracts will emerge from these trials.
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