QPC Lasers Inc.(fka QPCI)

[Rich]

I don't see this posted anywhere, but, by reading the below, IMO, this is now a complete shell. If I understand this correctly.

DMC Capital Funding Announces Leading Role in Acquisition of Laser Business


--Investment Group Buys All Assets of Quintessence Photonics Corporation
NEW YORK, June 10, 2009 /PRNewswire via COMTEX/ -- Private Equity Firm DMC Capital Funding, LLC announced today the lead investment in an ownership group which has acquired all the assets of Quintessence Photonics Corporation, the operating subsidiary of QPC Lasers Inc, the California maker of high power laser diodes. The new company, Laser Operations LLC, will leverage its financial stability and the deep business and managerial experience of its ownership group to support the customer base acquired from Quintessence and pursue new high growth opportunities in Medical, Industrial, Defense and Consumer Display markets uniquely suited for the market leading technologies and products acquired from Quintessence.
DMC Capital Funding has made the investment through its wholly owned subsidiary DMC Scientific, LLC. The principals and senior management team of DMC Capital Funding and its affiliated companies are seasoned executives with decades of successful experience investing in and commercializing technology. DMC Capital Funding is well positioned, has significant capital resources and through its affiliate DMC Worldwide, has deep operational expertise, as well as a mature and robust manufacturing, supply chain, marketing and distribution infrastructure.

About DMC Capital Funding, LLC.

DMC Capital Funding, LLC (www.dmccapitalfunding.com) is a private equity firm that acquires companies, provides growth capital and advisory services to consumer products and technology companies. The principles of the firm bring over 30 years of experience in financing, sales, marketing, manufacturing and brand development to help best-in-class and emerging companies become powerful competitors in the global marketplace.

SOURCE DMC Capital Funding, LLC



URL: http://www.dmccapitalfunding.com
www.prnewswire.com
Copyright (C) 2009 PR Newswire. All rights reserved
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KEYWORD: New York
INDUSTRY KEYWORD: FIN
CPR
HRD
SUBJECT CODE: TNM