Monday, July 28, 2008

CelLynx Goes Public In Reverse Merger, Gains $2M In Funding

El Dorado Hills-based CelLynx, a developer of cell phone signal amplification technology, said Monday afternoon that it has raised $2M in equity financing, and completed a reverse merger with Norpac technologies, which is publicly held on the OTCBB as NRPT. CellLynx said that Norpac will become the CelLynx Group, and that it has replaced all of he officers of Norpac with officers of CelLynx. Backers of the firm were not disclosed, however he firm said it is funded by Palomar Ventures, a venture capital firm based in Irvine, California.