TAIPEI, Taiwan, May 11, 2010 (GLOBE NEWSWIRE) -- Xodtec LED, Inc. (OTCBB:XODG), a leading LED lighting solutions provider, announces the Company has successfully completed a private placement financing for USD$805,724.
"We are proud that in the context of the current financial market environment we have been able to complete this equity financing for the company," says Curtis Su, CEO of Xodtec LED.
Private Investors have purchased 1,134,823 of the Company's common shares at the price of $0.71 per share for total of $805,724.
The proceeds from this private placement will be used for general working capital purposes towards the Company's operations.
About Xodtec LED, Inc.
Xodtec is an energy-saving LED lighting solutions provider based in Taiwan. Xodtec provides high performance and cost-effective energy-saving LED solutions and lighting products for private companies, public facilities, residential communities, factories and households, providing optimal energy-saving solutions that meet today's energy management requirements. Please visit the Company's website http://www.xodtec.com for detailed company information. Information on the Company's website or any other website does not constitute a part of this press release.
The Xodtec LED, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7143
Safe Harbor Statement
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