Published: March 16, 2010
Bit Cauldron Corporation Closes Series AA Financing Led by Emergent Growth Fund II
GAINESVILLE, Fla. - (BUSINESS WIRE) - Bit
Cauldron today announced that Emergent Growth Fund II of
Gainesville, Florida, has led a total round of over one million dollars
in Series AA Participating Preferred stock, enabling the company to stay
on target for a mid 2010 launch of their 3D glasses technology with name
brands to be announced later. In conjunction with the round, Garrett
Gleim has been appointed to the company's Board of Directors.
"Bit Cauldron is privileged to work with a fund that understands
multiple high tech industries and is right here in the heart of
Florida," said James Mentz, CEO of Bit Cauldron.
"Emergent Growth targets up-and-coming businesses in central Florida,
particularly those with roots in high technology like Bit Cauldron, for
its investments," said Jim Parker, Chairman of EGF-II. "Bit Cauldron's
technology for 3D television, home theater and computer gaming is a
great fit for the portfolio we are building."
Specific Bit Cauldron enabled products will be announced later in 2010.
About Bit Cauldron
Bit
Cauldron Corporation is a consumer electronics company dedicated to
filling critical gaps in the 3D ecosystem. Bit Cauldron Corporation is
an AMD Independent Hardware Vendor Partner and Consumer Electronics
Association member. For more information, visit http://www.bitcauldron.com
or email info@bitcauldron.com.
About Emergent Growth Fund II
Emergent Growth Fund II, LLC (Emergent) is a member-managed angel
investment group, focusing on early stage companies developing unique,
leading-edge products, or proprietary technologies that possess the
potential for rapid growth in significant markets. Its members are
actively involved in the angel capital process, and its strength lies in
its members - highly successful businesspeople and investors with
extensive experience in building companies and selecting investments.
For more information, visit http://emergentgrowth.com.
This document may include forward-looking statements. The statements
contained herein which are not historical facts are considered
forward-looking statements under federal securities laws. Such
forward-looking statements are based on the beliefs of our management as
well as assumptions made by and information currently available to them.
Such statements may or may not prove to be correct. We are not under any
duty to update any of the forward-looking statements after the date of
this document.
Bit Cauldron and the Bit Cauldron logo are Copyright 2010 Bit Cauldron
Corporation. Other names are for informational purposes only and may be
trademarks of their respective owners.
Bit Cauldron Corporation
Robin Horrigan, Public Relations
Consultant, 413-237-9552
robin.horrigan@bitcauldron.com
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