Kelyniam Secures 1 Million Dollar Equity Financing
March 12 2009 - 11:07AM
Marketwired
Kelyniam Global, Inc. (PINKSHEETS: KLYG), an advanced Engineering
and Rapid Prototyping Company specializing in the use of CADCAM
technology, today reported the company has secured a 1 million
dollar equity financing from an investment bank out of New York.
President/CEO Mr. James Ketner stated: "We finally got a deal
with an Investment Bank that I felt was suitable to the company and
to the shareholders. In a nutshell, I retired 2 million shares
pre-split stock and the company sold that stock to the IB for $.50
cents a share. The bid price of the stock at the time was $.20
cents a share, so we got a really good deal. It is a flat out stock
purchase, no options, no convertibles, etc. and our 504 offering is
now closed."
Kelyniam will be using the proceeds of this financing to
purchase additional equipment and software to advance the company's
medical technology. Some of this technology can be seen by watching
the New Medical Video on the company's website:
www.kelyniam.com/video.wmv.
About Kelyniam Global, Incorporated:
Kelyniam Global, Inc. is a balanced vertically-integrated
multi-industry holding corporation. Their divisions and
subsidiaries service a vast array of clients across numerous fields
and industries encompassing, but not limited to, medical,
automotive, aerospace, jewelry, nautical and consumer products. The
company specializes in the use of CADCAM technology with recent
developments in the production of high precision replication of
artificial bone implants for medical applications.
Please visit our website at www.kelyniam.com for our new and
exciting medical technology advancements
Contact: Michelle LynRay Kelyniam Global, Inc. www.kelyniam.com
1-800-280-8192
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