Charlotte-Based Seertech Goes Public Through Merger With Florida Firm
Posted March 28, 2006 7:51 a.m. EST
CHARLOTTE, N.C. — Seertech
, which has developed proprietary technology for use in the power and signage industries, is now a public company.
Seertech merged with a Florida corporation, LaSalle Capital (LSAC, traded over the counter). The merged company is called Seertech and will be based in Charlotte.
The merger was approved by stockholders on March 20.
The stock will trade over the counter as of March 28 with the symbol STCR.
"We are very excited about completing this merger and now introducing Seertech to the public marketplace," said Frank Bachinsky, Seertech's president and chief executive officer. "Seertech plans to significantly expand its operations and existing subsidiaries, products and technologies. In addition, we hope to acquire other companies and technologies as part of our aggressive growth strategy for Seertech."
Seertech intends to produce large-area displays, digital signage, and power-related battery products