NAVARRE, FL--(Marketwired - Mar 10, 2014) - Kobetron, Inc. ("KOBETRON®"), an Ohio corporation, has completed a strategic capital transaction with private investors. The private investors, Mr. James Maida and Mr. Paul Magno, have acquired substantially all of the assets of Kobetron, Inc. and will continue to operate under the name Kobetron, LLC ("KOBETRON").
Mr. Greg Kobe will remain with KOBETRON as President and will continue to provide strategic direction for KOBETRON. All operations of KOBETRON will be consistent with KOBETRON prior to the strategic investment. KOBETRON will be managed and operated as an independent company focused on service to the gaming industry.
The infusion of new capital will allow KOBETRON to receive additional strategic support to enhance their product development, sales distribution, customer support and other strategic-related capital capabilities. The strategic investment positions KOBETRON to provide enhanced services to regulators, suppliers and operators.
"This is a historically important strategic opportunity for KOBETRON and for the customers we serve in the global gaming industry. With the infusion of capital, we will have a renewed intense focus on improvements in customer service globally and on new product development. This is a very exciting time for our company," said Mr. Kobe.
About KOBETRON, LLC
KOBETRON is recognized worldwide as the industry standard in providing test equipment to the regulated gaming industry. KOBETRON is renown as a prudent and innovative company with a mission to develop and manufacture the most sophisticated and reliable test equipment. KOBETRON's commitment to innovation, research and development, quality products, and customer service has firmly established KOBETRON at the forefront of the regulated gaming industry. KOBETRON is a Delaware limited liability company and is headquartered in Navarre, Florida.