GelTech Solutions, Inc. Signs New $5 Million Stock Purchase Agreement
GelTech Solutions Inc. (OTCBB:GLTC) announced today that it has signed a new purchase agreement for up to $5 million of common stock with Lincoln Park Capital Fund LLC (“Lincoln”), a Chicago -based institutional investor.
Michael Cordani , CEO of GelTech, commented:
“We are pleased to have signed this second funding agreement with Lincoln, a forward-thinking institutional investor which provides future flexibility. We are under no obligation to utilize the facility but plan to use any proceeds from this agreement for working capital to fund current operations and general corporate purposes.”
Upon signing the purchase agreement, Lincoln invested $100,000 in GelTech as an initial purchase under the agreement at $0.60 per share. GelTech also has the right under the agreement at its discretion to sell to Lincoln up to an additional $4.9 million of its common stock over a 30-month period. GelTech will have the right, but no obligation, to sell stock to Lincoln in amounts up to $500,000 depending on certain conditions as set forth in the purchase agreement.
GelTech Solutions, Inc.
1460 Park Lane South, Suite 1
Jupiter, FL 33458
Toll Free: 800-924-4874
GelTech Solutions provides innovative, environmentally safe and creative products to agriculture, various industries and the general public that help improve lives, reduce the need for such precious commodities as water, protect lives and property from wildfires and potentially helping to reduce the impact of hurricanes upon storm-prone areas.
Nyxio(R) Makes Early Announcement of Revolutionary Android Powered Smart TV in Response to Leaked Information
Nyxio Technologies Corporation (NYXO) has decided to accelerate the timing of a planned announcement regarding its latest technology innovation scheduled to coincide with the opening of the 2012 International Consumer Electronics Show (CES) due to reports of leaked information on the Internet.
Nyxio Technologies is extremely pleased to formally announce the introduction of the Nyxio Smart TV with Android™ OS platform as part of its growing 2012 product lineup.
Giorgio Johnson , Nyxio founder and CEO, commented:
“Apparently it’s hard to keep good news secret these days. In any case, we’re even more excited now as the news comes out about what we believe to be the first and only Android product of its type delivering Internet and television viewing convergence to the marketplace. Nyxio Smart TV with Android television viewers will now have access to nearly a half-million Android Store Apps including wildly popular games such as Angry Birds™ and Fruit Ninja™ as well as instant access to premium channels such as Netflix®, HuluPlus®, Amazon Prime, HBOGo® and others.”
The Nyxio Smart TV with Android OS offers touch-screen capability and will be commercially available shortly. All models feature the latest HD/LED technology with screen sizes from 21.5 up to 65-inches and are compatible with any application available in the Android marketplace, and will include popular features such as voice control. The company will demonstrate the new product at the 2012 Consumer Electronics Show in Las Vegas on January 10 and expects to ship products by January 31 .
Nyxio Technologies Corp
2156 NE Broadway, Portland, Oregon 97232
Tel: (503) 719-4132
Toll-Free: (800) 610-9061
Nyxio Technologies was established in 2007 to deliver high-quality, cutting-edge products to the consumer electronics industry. In only a few years, Nyxio has demonstrated a keen ability to innovate and keep ahead of the technology curve. The company’s flagship product – the VioSphere TruSmart TV – is the first fully integrated flat screen TV and full PC available on the market. Nyxio released the product three years before the consensus determined that the Connected TV and Smart TV would ride the next consumer technology wave.