Dr. Tim Nohara, President & CEO of Accipiter Radar Technologies
says: "This investment will help accelerate our on-going growth
and ability to build and satisfy customer demand for our products and
services. Partnering with PRIVEQ brings more than just expansion capital,
networks and know-how, but a team of dedicated business professionals
who understand our space and have already proven that they are committed
to working with us and our customers to achieve mutual goals."
Commenting on the Frantic transaction, Jamie Brown, CEO of Frantic,
said "PRIVEQ's team was not only professional and timely throughout
this transaction, but completely forthright and dependable. Every time
our discussions hit a roadblock, they showed flexibility and creativity
in working with us to reach a "win-win" solution. Their business
acumen and transaction experience allowed the deal to close more quickly
than anticipated and the work ethic and knowledge of their team will
make PRIVEQ a key part of our business success going forward."
Tony Plut, President of Hallcon Corporation says, "PRIVEQ is
a significant financial investor, and is very hands-on from an operational
and strategic perspective. Strategic development is something we really
have to spend a lot of time on and PRIVEQ has the expertise to provide
real value-added assistance in the development and implementation of
our strategy. Hallcon sees a lot of value from PRIVEQ really understanding
our business and the issues our company faces. They are effectively
an extension of our management team."