|By Marketwired .||
|July 21, 2014 06:15 AM EDT||
JACKSONVILLE, FL -- (Marketwired) -- 07/21/14 -- (OTCBB: LPVO) (OTCQB: NACG) LipidViro Tech, today announced that the company has changed its name to NAC Global Technologies. The name change is effective immediately and reflects the acquisition previously announced between NAC and LipidViro Tech on April 29, 2014. The company's OTCQB ticker symbol will now change to NACG. Additionally, the company is also announcing that its shares are now DWAC and FAST approved, which should allow for more efficient and fluid trading.
"We are pleased to announce that our shares are now DWAC and FAST trading and the NACG ticker symbol is now clearly aligned with our corporate name as we move forward as a public company and execute on our business plans," said Vincent Genovese, President and Chief Executive Officer of NAC Global Technologies, Inc. "The new name reflects NAC's plan to pursue other synergistic technologies with direct application to exciting growth areas including wind power, solar power, electric vehicle, and power generation. The purpose of this name change is also to reflect all sectors of our business in the global marketplace including NAC's experience in manufacturing other types of products including: encoders, tension controls, and differential gearboxes as well as deep experience in the paper printing and converting industries."
About NAC Global Technologies
NAC Global Technologies is a development and manufacturing company operating in the robotics, automation, energy, defense, and medical industries. The company focuses on supplying critical technologies to meet key national and global needs in existing and emerging multi-billion dollar markets. The company's first product offering is harmonic gearing technology (HGT), in which the company's management has decades of experience. Expanding from this market entrance point, the company is building a portfolio of synergistic technologies and has strategic initiatives in place to expand its market and application reach into emerging clean energy and advanced, force sensing robotics in industrial and medical applications.
The Company has its corporate headquarters in Jacksonville, FL, and has one operating subsidiary, NAC Drive Systems Inc. NAC manufactures and warehouses products in Port Jervis, NY and in Beijing, China via a strategic partnership agreement with CTKM Beijing Harmonic Drive, Ltd., the national HGT supplier to the China Space Agency. More Information is available at: www.nacglobaltechnologies.com
Kirin M. Smith
Chief Operating Officer
ProActive Capital Group
641 Lexington Avenue, 6th Floor
New York, NY 10022
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