Nur Completes Investment Deal
"Significantly improving our financial structure and stability."?
"These transactions significantly improve our financial structure and stability," says David Amir, Nur's president and CEO. "The company is now ready to exploit its full potential. We believe that the combination of our product portfolio, technological leadership, and financial strength positions Nur on track to achieve its business objectives." "
The purchase price of $12 million will be payable in three installments: The first Fortissimo installment of $5 million was paid in late October; the second installment, also of $5 million, is due January 29, 2006; and the final $2 million installment is scheduled for October 31, 2006.