RFID Company Merger, Private Placement

InfoLogix expands through private placement and merger to accelerate its growth strategy in the RFID healthcare market. ...

... "2006 has been a monumental year for InfoLogix, said David Gulian, Chief Executive Officer and co-founder of InfoLogix. We have been recognized by Entrepreneur Magazine as the sixth fastest growing company in the nation, and have reached significant milestones in installing over 1,900 customer solutions and 1,100 solutions specifically for hospitals. With $17 million of equity financing behind us, we can confidently execute our growth strategy as a public company. Gulian noted that the market for healthcare and RFID-based solutions continues to witness exceptional growth. Our RFID-based software, infrastructure, and services solution portfolio is poised to take advantage of this market opportunity. " ...

Via InfoLogix: InfoLogix, Inc. Completes Over-Subscribed $17 Million Private Placement and Merger with Publicly Traded New Age Translation, Inc., Creating Newly Public RFID & Healthcare Technology Company ...