Replies to post #18815 on Rim Semiconductor Company (fka RSMI)

[bobide1$$$]

You announced that Melton Management ltd. had invested $300,000 in New Visual. What can you tell us about them?



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Melton Management ltd. is a major institutional investor that is based in Israel. They participate in financing transactions that are rarely disclosed publicly, though a search of SEC documents will show a few of their stock holdings in US companies.

Melton Management reviewed New Visual's business and technical plans and status before making this investment. They are also parties to the non-binding agreement-in-principal that will result in an investment in the Company of between $1.5 million and $2.5 million. Melton and other investors recently completed an identical financing with another OTCBB company. This gives us additional confidence that they will complete our financing package.