3DIcon Retains Concordia Financial Group to Lead Funding for New Digital 3D Technology
TULSA, Okla.--(BUSINESS WIRE)--Nov. 29, 2005--Philadelphia Investment Banking Firm to Direct Financing of Holographic "Breakthrough" Being Developed by the University of Oklahoma; Marketing Set to Begin in 2006
3DIcon Corporation (Pink Sheets:TDCP), a communications development company, announced today that it has retained Concordia Financial Group of Philadelphia to arrange and manage the next stage of funding for 3DIcon's revolutionary holographic technology being developed by the University of Oklahoma. Financial terms were not disclosed.
"Concordia shares our vision and is eminently qualified to help make it happen," said 3DIcon CEO Martin Keating. "OU has created an exciting breakthrough in digital three-dimensional communications technology which we expect to begin marketing next year."
Concordia Financial Group is a private investment banking firm providing merger and acquisition and corporate finance services to a diverse group of clients for transactions ranging in value from $3 million to $100 million. At today's announcement, Concordia's managing director Kenneth Evans added, "We believe that 3DIcon and the University of Oklahoma could indeed change the way the world communicates. It's a unique opportunity for us."
3DIcon Corporation is a development-stage company whose mission is to create and market full-color, 360-degree person-to-person holographic technology that is both simple and portable. Such a system could revolutionize or replace all existing forms of electronic communications, including television, telephones, and personal computers. This "next-generation" technology should be well suited to such industries as construction, transportation, healthcare, education, entertainment, financial services, and the military.
This news release contains forward-looking statements made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws. Such forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to them. 3DIcon has no obligation to update such forward-looking statements. Actual results may vary significantly from these forward-looking statements based on a variety of factors.
Released November 9, 2005