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  2. Articles posted by: Rona Fried (Page 2016)

Seattle Biodiesel Closes $2 Million Angel Financing

Seattle Biodiesel has closed a $2 million investment from strategic investors including Ignition Venture Partner and new Chairman and CEO Martin Tobias. Tobias, who spent more than 15 years in operating roles in technology companies including CEO of Loudeye and six years at Microsoft, expects Seattle Biodiesel to turn profitable before the end of the year. “Martin Tobias has an outstanding track record of identifying emerging industries and helping to build great companies,” said Cameron Myhrvold, a partner and founder of Ignition Partners. “Martin’s passion for the renewable fuel industry, his strong desire to reduce the United States’ dependency on foreign sources for oil, and his business acumen make him a natural choice to lead Seattle Biodiesel and accelerate the company’s growth. It’s an honor to have a venture partner from Ignition assume the role of chairman and CEO of a company whose impact may effect generations to come.” “As a venture capitalist I’ve reviewed over 1,200 business plans and none have had the impact on me as what I saw from Seattle Biodiesel,” said Martin Tobias, CEO and chairman of Seattle Biodiesel. “I firmly believe the world has enough inventors solving software problems, but there aren’t enough people solving […]

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Itronics Obtains $3.25 Million Financing

Itronics Inc. (OTC Bulletin Board: ITRO; Frankfurt and Berlin Stock Exchanges: ITG) reports it has entered into an agreement with four accredited and institutional investors for $3,250,000. The financing provides working capital to expand GOLD’n GRO fertilizer sales, Environmental Protection Agency registration of GOLD’n GRO Guardian, capital improvements to expand production capacity, all pursuant to the Company’s business plan, and payment of existing debt obligations. Itronics, through its subsidiary, Itronics Metallurgical, Inc., is the only company in the world with a “Beneficial Use Photochemical, Silver, and Water Recycling” facility that extracts more than 99 percent of the silver and virtually all the other toxic heavy metals from used photoliquids and converts the resulting liquids into environmentally beneficial, chelated, multinutrient liquid fertilizer products sold under the GOLD’n GRO trademark, and 5 troy ounce, 0.999 pure, Silver Nevada Miner numismatic bars. The environmentally safe liquid fertilizers can be used for lawns and houseplants. Website: http://www.itronics.com     

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