NexTech Solutions and FAS Technologies Complete Joint Venture and Consolidate Operations Into Delaware Company Jan 15, 2008 8:00:00 AM View Additional ProfilesAUSTIN, TX -- (MARKET WIRE) -- 01/15/08 -- NexTech Solutions, Inc. and FAS Holdings Group, LLC, doing business jointly as "NexTech FAS" (PINKSHEETS: NXSN), are pleased to announce the completion of a joint venture which consolidates the assets and operations of the two companies into the Delaware limited liability company, NFJV LLC, effective Jan. 1, 2008. The completion of this joint venture is a major milestone in the merger transaction between the two companies.
NFJV, LLC, will continue doing business as "NexTech FAS," servicing customers in the semiconductor, flat panel display (FPD) and photovoltaic industries. Through this joint venture, the company is now positioned as an industry leader not only providing full production coating and inspection systems, but also offering an innovative integrated solution combining the patented extrusion coating technology with breakthrough automated optical inspection (AOI) technology onto a single platform. This patent-pending integrated solution delivers increased throughput, improved footprint, and lowers overall manufacturing costs in the production of FPDs, including LCD and OLED displays. The company is already servicing Fortune 500 clients in the FPD and semiconductor markets.
Tony Di Napoli, president and CEO of NexTech FAS, commented, "Completing this joint venture is a true milestone for the company and for our shareholders. Our combined technologies have started to gain recognition within the marketplace and are already proving their acceptance with industry giants. This JV will enable us to expand our global customer base, address large, fast-growing markets and offer more productive processing solutions for today and for the next-generation of products. 2008 brings about remarkable opportunities for NexTech FAS, particularly with the growth in developing markets such as OLED and solar."
"We believe that this strategic merger will bring great value to our customers, investors and partners, with a much larger and specialized global organization. We now have a completed organization that is extremely talented, with approximately one third of our collective engineering team holding PhDs in their fields of expertise. We have also assembled a tremendously talented Board of Directors. The industries that we serve are growing rapidly and our opportunities are almost limitless in a variety of end product fields," stated Ted Snodgrass, vice chairman and co-founder of NexTech FAS.
About NFJV, LLC
NFJV, LLC, doing business as "NexTech FAS," is the operating company of NexTech Solutions, Inc. and FAS Holdings Group, LLC. NexTech FAS is a Delaware limited liability company, headquartered in Austin, Texas, with facilities in Dallas and Tokyo. The company is widely recognized in the industry for the development of digital fluid dispensing and a patented extrusion coating (spinless coating) technology known as "FAS-Coat," which has become the de-facto standard in the coating processes used in the manufacture of FPDs. The company also delivers advanced metrology and automation solutions, and is the first to deliver a turn-key solution for manufacturing lines in both the semiconductor and FPD industries. NexTech FAS' stock is quoted on the Pink Sheets under the symbol NXSN. For more information, visit: http://www.nextechfas.com.
-------------------- Love 'em or Leave 'em either way I already did it. Posts: 801 | Registered: Jul 2006
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I hope that they get them and annouce them soon, the stock is taking a steady nose dive, I don't see in the chart that the stock has found a stable bottom for it to gain some momentum.. http://finance.yahoo.com/q/bc?s=NXSN.PK&t=2y
-------------------- -Federated Records ...live learn gain... Posts: 75 | From: Johnson City, TN | Registered: Feb 2004
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