T.V.G. Technologies Ltd (fka TVGTF)

[ROBTRAP]

Byline: Globes correspondent

TVG Technologies Ltd. (TVGTF.PK), a provider of secure smart card crypto interfacing systems, announces today that it has entered into an agreement with Cukierman & Co. Investment House Ltd. to raise $2.75 million.

Cukierman will act as the investment banker in placing 2,000,000 free trading shares of TVG at a price of $0.50 per share for their clients. In addition, TVG will issue two million warrants with an exercise price of $.75 to $1.00.

TVG CEO Chaim Weinman said, "The money that we are raising with Cukierman …