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Dais Analytic Corporation Message Board

  • disconnected6060842 disconnected6060842 Jul 19, 2012 4:48 PM Flag

    New Financing

    TAMPA, Fla., July 19, 2012 /PRNewswire/ -- Dais Analytic Corporation (OTC.BB:
    DLYT - News) announced today it has obtained $2,000,000 of financing from a
    long-time shareholder of the Company. Financing proceeds were used to repay, in
    full, an outstanding secured promissory note held by Platinum-Montaur Life
    Sciences, LLC with the remainder being used for the Company's working capital
    needs.

    The Company and the funder are working with a well-respected firm in the HVAC
    industry to create a strategic relationship focused around Dais' ConsERV product
    line designed to create greater revenues and market penetration for this product
    in 2012 and beyond.

    Tim Tangredi, President & CEO of Dais, said that, "The Company is thankful to
    Platinum-Montaur Life Sciences, LLC for their past and continued support. The
    Dais team is excited by the opportunity this strategic relationship will offer.
    We expect wider exposure in the sales channel will provide the Company greater
    depth to grow revenues within all of its innovative Aqualyte materials-based
    applications."

    Applications for its Aqualyte materials include Dais' award-winning ConsERV
    product, its water-based air conditioning NanoAir system, its water
    cleaningNanoClear process, and its industry altering ultra capacitor for energy
    storage - NanoCap.

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DLYT
0.45-0.04(-8.16%)Apr 17 3:51 PMEDT

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