DALLAS, TX--(Marketwire - Oct 1, 2012) - Oryon Technologies, Inc. (
"Oryon is pleased to announce the close of our latest financing," said Thomas Schaeffer, Oryon's President and Chief Executive Officer. Mr. Schaeffer continued, "We have an immediate need to expand capacity in order to meet existing demand as well as our growing pipeline of pending business opportunities. This financing is a clear indication that members of the investment community appreciate our strategies and efforts to-date."
The Financing Agreement was previously disclosed in the Company's Current Report on Form 8-K, as amended, dated May 4, 2012. To date, the Company has now received an aggregate amount of $2 million from the issuance of common stock to investors who are "accredited investors," as defined under the Securities Act. The proceeds from the subscriptions will be used for general corporate purposes.
This information is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consent with respect to any securities. Additional details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information, visit our website at: www.oryontech.com.
Watch the Elastolite® product presentation video: www.oryontech.com/investors/presentations.
About Oryon Technologies, Inc. (
Oryon is a research and development and applications engineering company that has developed multiple patents relating to electroluminescent ("EL") lighting (trademarked as "Elastolite"). Elastolite® enables thin, flexible, crushable, water-resistant lighting systems to be incorporated into multiple applications such as safety apparel, sporting goods, consumer goods and membrane switches, among others. Within Oryon's target textile markets alone, billions of units are shipped each year. The market includes outerwear, industrial safety, municipal safety, military, athletic apparel, men's, women's and children's clothing, shoes and gear. These markets generate over $250 billion annual revenues and are second in size only to the food industry. Find out more at www.oryontech.com. Watch the Elastolite® product presentation video: www.oryontech.com/investors/presentations.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the Securities Act of 1933, as amended, and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, reference to new technologies and sales methods as well as financial projections for the size of the market. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the Form 8-K, as amended, dated May 4, 2012 and our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.