TechCare Announces Closing of $1.8 Million Funding
The financing was a combination of existing investors and new investors, including:
Zvi Yemini - Chairman ofTechCare and its largest shareholder.Mr. Yemini has long been a pioneer in tech and consumer goods, having foundedZAG Industries Ltd. (sold to Stanley Black & Decker),Polymer Logistics and Hydro Industries Ltd. With an MBA fromTel Aviv University and over 35 years' experience as an entrepreneur and business leader, his$400,000 is a follow-up investment.Marius Nacht - Chairman and co-founder of Check Point Software (NADSDAQ - CHKP), a multi-national cyber security giant. Nacht holds degrees in physics and mathematics from theHebrew University of Jerusalem and in electrical engineering and communication systems fromTel Aviv University . His investment fund is focused on Israeli healthcare and wellness startups. His$400,000 is a follow up investment.- Ran Tuttnauer - CEO and owner of Tuttnauer, a company he transformed from a small local company to a global leader in sterilization and infection control, represented in 142 countries and employs 500 employees worldwide. Tuttnauer was recently acquired by
Fortissimo Capital . Excited aboutTechCare's plans, his$500,000 is a new investment. Citrine Investment & Technology Holdings - An Israeli VC specializing in locating, improving, and investing in high-profile technology companies with potential for global market breakthrough. After careful analysis, Citrine has seen the potential inTechCare and committed$400,000 in a new investment.- Oren Traistman - Board Member of
TechCare , and also a Partner inEgoz Finance and Shares Issuers Ltd. , Mr. Traistaman has with over 15 years of investment management, underwriting and strategic consultancy. He is an Investor and Director in several corporations such asAPX Ltd. ,Cathworks Ltd. ,Enox Ltd. His dedication to the project is backed up by a$50,000 follow-up investment. Zach Rubin -$50,000 follow up investment.
With the success of this round of funding, the company has solidified its balance sheet and can now focus exclusively on executing the business plan, further driving shareholder value.
"Our existing and new investors are strong partners for
In another landmark announcement,
This influx of capital will further help with marketing, signing other distributors, expanding to the additional 27 countries available to
About
Novokid is a revolutionary anti-lice home use device that eliminates lice, super lice and eggs with a simple 10 minute treatment with no rinsing or washing required.
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Additional products are in development and slated for launch in 2018-9.
Notice Regarding Forward-Looking Statements
This communication does not constitute an offer to purchase or exchange or the solicitation of an offer to sell or exchange any securities of the Company. This communication contains certain statements that are neither reported financial results nor other historical information and other statements concerning the Company.
These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, events, products and services and future performance. Forward-looking statements are generally identified by the words "will", "expects", "anticipates", "believes", "intends", "estimates", "target", and similar expressions. These and other information and statements contained in this communication constitute forward-looking statements for purposes of applicable securities laws.
Although management of the Company believes that the expectations reflected in the forward looking statements are reasonable, investors and security holders are cautioned that forward looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by the forward-looking information and statements, and the Company cannot guarantee future results, levels of activity, performance or achievements. Factors that could cause actual results to differ materially from those estimated by the forward-looking statements contained in this communication include, but are not limited to: trends in target markets; the Company's ability to develop new technology and products; effects of competition in the Company's main markets; challenges to or loss of intellectual property rights; ability to establish and maintain strategic relationships in its major businesses; profitability of the growth strategy; and changes in global, political, economic, business, competitive, market and regulatory forces. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of such forward-looking statements. The forward-looking statements contained in this communication speak only as of the date of this communication and the Company or its representatives are under no duty, and do not undertake, to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise except as otherwise required by applicable law or regulations.
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