New Case coming, news from bridge
New case in pipeline, GPS Technology Company
Bridge global investment network enters the fast growing market of GPS (Global Positioning System) devices and mobile technology to participate in the rapidly growing market.
Investment Capital Management Ltd, an entirely owned subsidiary of Bridge Group has June 21, signed a Letter of Intent (LOI) with a fast-growing world wide GPS provider of vehicle tracking and mobile data solutions for vehicle fleets.
The company is at the forefront of easy-to-use business solutions for tracking, managing, monitoring, messaging, navigation and routing from door to door.
The companys software is factory installed in one of the world leader of portable navigation systems serving aviation, marine, outdoor recreation and automotive markets. The company has its headquarters in Ireland and has offices in Belgium, the Netherlands and Sri Lanka.
The Companys aim is to raise between 5 to 6 millions EUR exclusively to the Bridge network of high net individuals and to further list the company within 18-24 months internationally or merger with a global player. Investment Capital Management Ltd is responsible for signing agreements regarding realization of road shows were the companies and licensed stockbrokers can meet the Bridge members. The Bridge Advisory board has been looking into the company,prognoses and growth potential. All the members have given their strongest recommendations to go ahead with the next step.
Already this week Bridge European representatives, will meet the companys Directors and Majority shareholders in Amsterdam, to discuss the time frame, action points and meetings will be held with some well known licensed Securities firms to administrate the companys share issue for the Bridge members.
The goal is to first offer a Private placement of 1 million EURO during the late summer to be followed by a second funding of 4-5 million EURO. Both offers will be exclusive for the Bridge global investment network.
More information and the companys name will come during the summer together with the Investment memorandum.
About GPS , Global Positioning System
With more and more affordable GPS receivers and components flooding the market, the worldwide GPS market will reach a value of more than US$ 30 Billion approximately by 2008. The people tracking and handset market segments under GPS will have the largest growth rate, of approximately 9%, by 2008. The Market world leaders of GPS devices are Garmin Ltd, TomTom, Novatel, Rockwell, Trimble, XATA Technology, Raven Industries, Lowrance Electronics.
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