LOS ANGELES, CA -- (MARKET WIRE) -- 05/19/08 -- Lilo Beuzieron, CEO of Barotex Technology Corporation (PINKSHEETS: BARX), confirms the hiring of Kann Capital, Ltd. as its Investment Banker. Kann Capital will represent Barotex for its current and future growth funding requirements as the company prepares to open its first commercial manufacturing facility for its Barotex Fibers.
Kann Capital, Ltd. (KCL) is a specialty corporate finance institution offering financial advisory services to high growth oriented middle market companies. While the firm does not confine its focus to any specific industries, KCL does have substantial experience in the information technology, health care, entertainment, manufacturing, aerospace and niche distribution areas. Garry Michael Kann founded KCL in 1994 with its headquarters in Century City, California.
"At this time we are very excited to have Kann Capital representing Barotex to the institutional marketplace as we formulate our current and future financial plan," comments Lilo Beuzieron. "We are very fortunate to have a banker that understands the composite materials market along with the firm's in-depth knowledge of, and experience in, the aerospace industry."
Mr. Kann comments, "We are very excited by the Barotex patented technology as it represents a truly disruptive product for the future of advanced composite type materials."
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About Barotex Technology Corporation
As an innovative specialty fiber company, Barotex Technology Corporation has developed patented fibers that represent a truly disruptive and paradigm shifting technology with broad based applications across many market sectors. The use of Barotex in various markets will redefine the way the world views and utilizes composite type and/or specialty materials. For many applications Barotex can efficiently and cost effectively replace the reigning composite material industry leaders such as glass and mineral fibers (fiberglass, carbon fiber, Kevlar, etc.) or Barotex can be combined with these composite materials to produce stronger, lighter, lower cost products.
This press release may contain forward-looking statements. Any statements that express or involve discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made to involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated.
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