Futuris Company (FTRS)

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Private Placement
What Does Private Placement Mean?
The sale of securities to a relatively small number of select investors as a way of raising capital. Investors involved in private placements are usually large banks, mutual funds, insurance companies and pension funds. Private placement is the opposite of a public issue, in which securities are made available for sale on the open market. Investopedia explains Private Placement
Since a private placement is offered to a few, select individuals, the placement does not have to be registered with the Securities and Exchange Commission. In many cases, detailed financial information is not disclosed and a the need for a prospectus is waived. Finally, since the placements are private rather than public, the average investor is only made aware of the placement after it has occurred.


EnviroXtract, Inc. Announces That Management is Currently Negotiating a Private Placement Memorandum to Raise Funds for Implementing Its Business Plan
Press Release Source: EnviroXtract, Inc. On Friday March 26, 2010, 1:28 pm EDT

http://finance.yahoo.com/news/EnviroXtract-Inc-Announces-pz-2388496633.html?x=0&.v=1