Washington, DC (January 2, 2007) --
FOCUS Enterprises, Inc., a national middle market investment
banking firm providing merger, acquisition, and corporate
finance services announced its sister firm FOCUS Mezzanine
has provided growth capital to Viztek LLC., a leading software
development company and a value-added reseller of computed
radiography (CR) scanners and related hardware, serving the
orthopedic, imaging center, small hospital and chiropractic
markets. Capital will
be used for both organic and external growth. Use of proceeds
internally will be for sales and marketing, and in particular,
expansion of Viztek’s established distribution network.
The company will also consider selective acquisition targets
as it continues its rapid growth.
20/20 HealthCare Partners is a co-investor in Viztek and
will assist the company with continued strategic development
and company growth.
Joe Cermin, Viztek’s President, stated that “FOCUS
Mezzanine provided growth capital for our firm to continue
its major expansion initiatives. The FOCUS partners involved
knew our business, were responsive to our requests, and closed
the transaction quickly and on reasonable terms. We see them
now as a partner, and would certainly use them again in the
future as our growth continues.”
About FOCUS Mezzanine, LLC
FOCUS Mezzanine, LLC is a cooperative venture between FOCUS
Enterprises, Inc. and Prudent Management, LLC. FOCUS Mezzanine makes subordinated debt
and preferred equity investments in successful, later-stage middle market operating
businesses. By providing mezzanine capital between $2 and $10 million,
FOCUS Mezzanine fills a gap in the mezzanine capital market. To
find out more about FOCUS Mezzanine, please visit http://www.focusbankers.com/focuscapital/focuscapital.asp
About FOCUS Enterprises, Inc.
FOCUS Enterprises, Inc., founded in 1982 in Washington,
DC, provides a range of investment banking services tailored
to the needs of middle market businesses. Today the firm
serves clients from offices in major cities across the United
States and worldwide. FOCUS specializes in transactions for
entities with up to $300 million in revenues, serving entrepreneurs,
corporate owners, and investors across a broad range of industries.
As of December 2006, FOCUS has 24 investment banking professionals
in its four offices in Atlanta, Chicago, San Francisco, and
Washington, DC advising existing customers globally. For
more information on FOCUS Enterprises, visit their web site
at www.focusbankers.com.
About Viztek
Viztek is a leading software development company
and a value-added reseller of computed radiography (CR) scanners
and related hardware, serving the orthopedic, imaging center,
small hospital and chiropractic markets. Founded in 1999,
the firm is a nationwide provider of service, products and
systems focused on the unique medical imaging and service
needs of healthcare facilities of all sizes. For
more information about Viztek, visit www.viztek.net. |
