SOURCE: Applied Nanotech Holdings, Inc.
AUSTIN, TX--(Marketwire - Feb 26, 2013) - Applied Nanotech Holdings, Inc. (OTCBB: APNT) announced that its subsidiary, EZDiagnostix ("EZDx"), has retained WoodRock Securities, L.P., a Houston, Texas-based investment banking firm ("WoodRock"), to assist the company in arranging capital. EZDx expects to raise $5 - $15 million from family offices, private equity, venture capital, or other institutional sources to accelerate commercialization of its novel sensor technology.
WoodRock is a boutique investment banking firm which focuses on growth and middle market companies. WoodRock has assisted companies in the agricultural and healthcare market sectors -- the two key areas that are the focus of EZDx activities. WoodRock has global contacts with, family offices, private equity, venture capital, and corporate investors.
EZDx will use the capital raised to commercialize its agricultural and healthcare products. EZDx has made extensive progress in the agricultural market and is in the final step of optimizing its prototypes for repetitive manufacturing at a minimized cost which is much needed in the market place. These funds will allow EZDx to move toward contract manufacturing, develop a number of biomarkers, add talent, and further develop and implement the first medical applications.
"We are pleased to have WoodRock serve as the company's financial advisor," said Alan Jernigan, President & CEO of EZDx. "The driving force behind engaging a firm like WoodRock is the fact that they are a great fit for our needs, have a proven track record, and focus on growth companies. WoodRock's experience, talent, contacts, and knowledge should assist us in achieving our goals and objectives and move EZDx to the next level of success. We look forward to a mutually beneficial relationship with WoodRock while providing value to our current and future shareholders in the process."
About Applied Nanotech Holdings, Inc.
Applied Nanotech Holdings, Inc. is a premier research and commercialization organization focused on solving problems at the molecular level. Its team of PhD level scientists and engineers work with companies and other organizations to solve technical impasses and create innovations that will create a competitive advantage. The business model is to license patents and technology to partners that will manufacture and distribute products using the technology. Applied Nanotech has over 300 patents or patents pending. Applied Nanotech's website is http://www.appliednanotech.net.
Founded in 1998, WoodRock bankers collectively possess over 200 years of investment banking, corporate finance, venture capital, operating management, debt principal, and equity principal experience. Collectively, as individuals and as a firm, we have undertaken more than 500 assignments representing greater than $20 billion in total transaction value.
- Full service investment banking and financial advisory boutique.
- Sophisticated, comprehensive services for entrepreneurs, emerging growth and middle-market companies.
- Based in Houston, Texas, with an office in London, we provide services to domestic and international transactions.
- Privately managed and capitalized by the Managing Directors.
- Managing Directors bring domestic and international operating experience.
- Registered FINRA Broker/Dealer under Securities Acts of 1933 and 1934.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties concerning our business, products, and financial results. Actual results may differ materially from the results predicted. More information about potential risk factors that could affect our business, products, and financial results are included in our annual report on Form 10-K for the fiscal year ended December 31, 2011, and in reports subsequently filed by us with the Securities and Exchange Commission ("SEC"). All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval System (EDGAR) at www.sec.gov or from our website listed above. We hereby disclaim any obligation to publicly update the information provided above, including forward-looking statements, to reflect subsequent events or circumstances.