RIS/PACS developer Image Technology Laboratories (ITL) has retained investment banking and securities brokerage firm White Pacific Securities to raise $2 million in equity financing.
The Kingston, NY-based vendor said it expects the funds from the financing to originate from both retail investors and institutions.
According to ITL, the $2 million in potential equity financing will allow it to increase sales, marketing, and technical staff, boost R&D efforts, and satisfy the working capital requirements associated with projects in progress.
By AuntMinnie.com staff writers
December 6, 2005
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ITL founder Ryon dies, December 10, 2004
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