NXSL -NexTech Solutions, Inc. and FAS Holdings Group, LLC, doing business jointly as "NexTech FAS" (Other OTC:NXSL.PK - News), are pleased to provide this corporate update which outlines the recent acceleration in the company's current business trends, with comments from NexTech FAS president and CEO, Tony DiNapoli.
Some highlights from the last two quarters of 2007:
-- 5 (five) Advantage II Extrusion Coating systems were delivered to a large Chinese manufacturer of Flat Panel Displays for use in their LCD production line (http://www.fas.com); -- Announced that Hakuto Co. Ltd. (TSE#7433), one of the most highly respected distributors and manufacturers in the electronics industries, made a $1M investment in the company (http://www.hakuto.co.jp/english/irinfo/stocks/); -- Plastic electronics leader, Plastic Logic Limited (http://www.plasticlogic.com), placed a multimillion dollar product order for the company's Advantage IV Extrusion Coater Line; -- The company received multiple orders from a leading organic light- emitting diode (OLED) process development company for its Advantage II Extrusion Coating system; and -- The company engaged Mercom Capital Group to spearhead its investor relations initiatives.
Since the new year, the company has:
-- Completed a joint venture, the first step and a major milestone in the merger transaction between the two companies; -- Announced a ticker symbol change to NXSL as a result of a reassignment by NASDAQ; -- Announced a follow-up order from Plastic Logic Limited for NexTStar(TM), a stand-alone automated optical inspection system (AOI) to be incorporated into Plastic Logic's manufacturing line of flexible organic active matrix displays; and -- Appointed Dean J. Childers to the management team as the new chief financial officer (CFO).
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