SALT LAKE CITY, Aug. 15, 2006 (PRIMEZONE) -- Alpine Securities, a boutique stock brokerage and investment firm, today announced it helped RemoteMDx (OTCBB:RMDX) raise $1.75 million of its recently completed Series C Convertible Preferred shares funding of $9.0 million, $7.96 million of which was in new capital and the balance in converted loans and promissory notes.
As an investment advisor to RemoteMDx, Alpine Securities was responsible for assisting RemoteMDx in marketing and selling the Series C investment opportunity to accredited investors (as defined in Rule 501 of Regulation D of the Securities Act of 1933). In addition, Alpine Securities is operating as a market maker in support of the public sales and marketing of RemoteMDx' shares of common stock.
Since 2000, Alpine Securities has served as an investment advisor, placement agent and/or co-placement agent to more than 12 public and private companies located in Utah and throughout the western United States, including such companies as Headwaters (NYSE: HW), iMergent (AMEX: IIG), Specialized Health Products International (OTC BB: SHPI), Flexpoint Sensor Systems (OTC BB: FLXT) and Bionovo (OTC BB: BNVI), among others. Through these engagements, Alpine Securities has helped these firms raise more than $25 million in public and private equity.
About Alpine Securities
Formed in 1984, Alpine Securities is a boutique stock brokerage and investment firm serving public and private companies, as well as high-wealth individuals and retail investors. A member of the National Association of Securities Dealers (NASD) and the Securities Investor Protection Corporation (SIPC), Alpine Securities focuses on exclusive investment opportunities in emerging growth companies, as well as specialized investment services for institutional clients.
For corporate clients, Alpine Securities can assist organizations in investment advisory services ranging from private equity fund-raising and public offerings to conducting due diligence and establishing ESOPs (Employee Stock Option Plans). For individual clients, Alpine Securities' services range from providing traditional/executive brokerage accounts and Rule 144 transactions to offering access to IPOs (Initial Public Offerings), PIPEs (Private Investments in Public Equity) and Private Placements, as well as helping clients establish and manage 10b5-1 selling plans for executives in publicly traded companies.
For more information about Alpine Securities, please visit its Web site at www.alpine-securities.com or call 801-355-5588 or 800-274-5588.
Notice to Investors: This announcement does not constitute an offer to purchase nor a solicitation of an offer to sell any securities.