Nanotechnology Now







Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > VeruTEK Technologies, Inc. Completes Private Placement, Appoints Three Independent Directors to its Board

Abstract:
VeruTEK Technologies, Inc. (VTKT.OB) announced the completion of a private placement offering whereby the Company sold approximately 1.34 million shares of its common stock plus warrants to purchase approximately 2.7 million additional shares of common stock. VeruTEK raised approximately $2.059 million. The proceeds will be used for working capital to support current growth as well as for other general corporate purposes.

VeruTEK Technologies, Inc. Completes Private Placement, Appoints Three Independent Directors to its Board

BLOOMFIELD, CT | Posted on October 18th, 2007

VeruTEK also announced the appointment of Douglas Anderson as Chairman of its board of directors and Mark Ain and Carlos Naudon as Independent Directors.

Douglas Anderson brings extensive experience in operations, management, finance and M&A to the position. He is the former Chairman, CEO and President of Open Solutions, Inc. (OSI), a leading provider of e-business and software applications for community financial institutions. OSI was acquired in January 2007 by private equity firms The Carlyle Group and Providence Equity Partners. In addition, Mr. Anderson was President of Manchester Savings Bank before it was sold to New Alliance Bank.

Mark Ain is Founder, former CEO and current Executive Chairman of Kronos Incorporated, a human capital management software company that was recently acquired by Hellman and Friedman Capital Partners for $1.8 billion.

Carlos Naudon is the founder, President and Chief Executive Officer of Banking Spectrum, a strategy and compliance consulting company serving the financial services industry. He is also an attorney with Allister and Naudon as well as a retired Certified Public Accountant. Mr. Naudon formerly served as Managing Director of OSI.

"Doug, Mark and Carlos each have a history of helping young companies become highly successful, profitable organizations," said Dr. John Collins, CEO of VeruTEK. "Doug's leadership on the board will be invaluable as VeruTEK continues to grow. Mark and Carlos round out an experienced and prestigious Board of Directors that will help ensure that VeruTEK reaches the next level. We are extremely excited that they have joined the Company."

As part of this growth strategy, VeruTEK co-founder, Senior Vice President and Director of Research and Development, George Hoag, Ph.D., has stepped down from the board effective immediately. Dr. Collins said, "another benefit of adding these tremendous new board members is that it frees George up to focus even more on research and development of new green products and technologies."

####

About VeruTEK Technologies, Inc.
VeruTEK (VTKT.OB) provides proprietary, patent-pending, green nanotechnology solutions for cleaning up the environment. For more information, please visit http://www.verutek.com .

Safe Harbor Statement

The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

For more information, please click here

Contacts:
VeruTEK Technologies, Inc.
Jim Carini

312-953-8319

Copyright © Business Wire 2007

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

Ref signals deep impact as EPSRC announces £30 million for impact acceleration accounts (IAA) January 21st, 2015

Blend Therapeutics Secures $21 Million Financing and Unveils Novel Pentarin™ Platform for Cancer Therapeutics: Company’s Technology and Expertise in Cancer R&D Evolve to Create New Class of Miniaturized Biologic Drug Conjugates (mBDCs) Encapsulated in Nanoparticles January 8th, 2015

QD Vision Receives New Funding Round to Meet Growing Demand for Quantum Dot Technology: Industry Veteran Steve Ward Named Executive Chairman January 5th, 2015

Pixelligent Closes $5.5 Million in Funding: Capital Will Be Used to Support Global Customer Growth December 12th, 2014

Announcements

GS7 Graphene Sensor maybe Solution in Fight Against Cancer January 25th, 2015

Toyocolor to Launch New Carbon Nanotube Materials at nano tech 2015 January 24th, 2015

NANOPOSTER 2015 - 5th Virtual Nanotechnology Conference - call for abstracts January 24th, 2015

Nanosensor Used for Simultaneous Determination of Effective Tea Components January 24th, 2015

Appointments/Promotions/New hires/Resignations/Deaths

Rice's Naomi Halas to direct Smalley Institute: Optics pioneer will lead Rice's multidisciplinary science institute January 15th, 2015

SUNY Board Appoints Dr. Alain Kaloyeros as Founding President of SUNY Polytechnic Institute January 13th, 2015

Blend Therapeutics Appoints Distinguished Physician Scientist, Dennis Ausiello, MD, to Board of Directors January 8th, 2015

QD Vision Receives New Funding Round to Meet Growing Demand for Quantum Dot Technology: Industry Veteran Steve Ward Named Executive Chairman January 5th, 2015

Environment

Magnetic Nanosorbents Able to Eliminate Chemical Contaminants January 19th, 2015

Malaysian Nanotechnology Company Nanopac Innovation Ltd. lists on the NSX January 19th, 2015

Iran Designs Magnetic Nano-Absorbents Cleaning Chemical Pollutants January 11th, 2015

Cheap asphalt provides 'green' carbon capture: Rice University chemists' product aims to enhance natural gas production at sea January 7th, 2015

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2015 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE