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Santa Monica,CA-July 19, 2003- Bison
Capital Structured Equity Partners, LLC announced their investment
in IMPCO Technologies, Inc (Nasdaq: IMCO). IMPCO is
a leading designer, manufacturer and supplier of fuel delivery
and electronic control systems that allow internal combustion
engines to run on alternative clean fuels. The conversion
of internal combustion engines to run on propane or natural
gas enables Impco's customers to capitalize on the fuel price
differential and to reduce harmful vehicle emissions. Thus,
IMPCO addresses its customers' financial and environmental
concerns and provides them with energy independence.
IMPCO generates approximately $70 million in
yearly revenues. In 2000, 2001 and 2002, Deloitte & Touche
recognized IMPCO as one of the top 50 high growth companies
in California. IMPCO will utilize Bison Capital's
$20,000,000 investment for expansion and to acquire 50% of
B.R.C. Societa Responsabilia Limitata. Based in Italy,
BRC, develops, manufactures and markets alternative gaseous
fuel products and systems in all fifteen European Union nations,
as well as ten Eastern European countries, Brazil, Argentina,
Chile, Australia, India, China, Thailand and South Korea. BRC's
operations are complementary to IMPCO's through the end markets
and the geographic breadth.
"Our capital positions the Company for significant
revenue and earnings growth through facilitating the BRC
acquisition," said Bison Capital Partner, Douglas Trussler, "In
addition, we are providing growth capital so that IMPCO can
fully realize the impact of the new EPA regulations."
Bison Capital provides structured equity to
public and private entrepreneurial companies throughout the
United States. We provide capital for expansion, acquisition
or balance sheet restructuring in partnership with the management
team.
Companies interested in learning more about
Bison Capital Structured Equity Partners, LLC should contact
James K. Hunt, Managing Partner, at (310) 260 6572. |
