|
$6,000,000 ~ 5% Senior Convertible Notes ~ November 2004
Nestor Traffic Systems is a leading
provider of video-based intersection monitoring systems that
provide automated red-light enforcement, increase traffic safety
and prevent intersection collisions. After growing from an
installed base of forty-one intersection approaches to over
ninety in one year, Nestor was looking for capital to continue
building contracted installations and to seek new business
opportunities. Taglich Brothers, a long-time friend of the
Company’s new management, participated in this cost efficient
private placement, allowing Nestor to meet its near-term capital
needs.
The information
contained herein does not constitute a solicitation of any order
to buy or sell any securities. The information provided herein may
be displayed and printed for your personal, noncommercial use
only. You may not reproduce, retransmit, distribute, disseminate,
sell, publish, broadcast or circulate the information to anyone,
without the express written consent of Taglich Brothers, Inc.
|
