Dallas, TX 5/3/2011 (Penny PayDay) -- EPOD Solar Inc. (OTC:EPDS), parent company of Nanotech Industries International Inc., announced today, in a press release, the closing of a private placement consisting of convertible debentures in the amount of $1,201,000. The last trade for EPOD Solar was on April 29, 2011 at $1.69 per share and has a market cap of $9 million and a 52-week range between $0.04 and $1.88 per share.
The debentures have a maturity of 36 months and an annual coupon of 10%. "The closing of this financing gives us the necessary capital to execute our business model," said Joseph Kristul, CEO and President of Nanotech.
Nanotech Industries International d/b/a "Hybrid Coating Technologies" (HCT) is a San Francisco-based innovator focused on improving the quality and safety of coatings and paint for industrial and commercial customers around the world.
They are the exclusive licensee of Green Polyurethane(TM) coatings and paint -- the world's first-ever patent protected polyurethane-based coatings and paint products which eliminate toxic isocyanates from the entire production process (licensed by Nanotech Industries, Inc.).
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