Little Bear Investments LLC Participates in Caprius, Inc. $2.5 Million Private Placement
Thursday March 1
NEW YORK, March 1 — Little Bear Investments LLC (“Little Bear”) announced today that it has once more participated in a private placement to purchase common stock and warrants of Caprius, Inc. (OTCBB: “CAPS” ). This is Little Bear’s second investment in Caprius as it also participated in a round of financing for the Company in February of 2005.
In connection with Little Bear’s participation in the financing, Zachary Prensky, Managing Director of Little Bear, stated “We at Little Bear are very excited to have invested in Caprius for a second time. We believe that the company is uniquely poised to execute its business plan of offering the medical waste industry a safe and environmentally beneficial method of disposing waste.
Caprius, Inc is a manufacturer of proprietary equipment for the on-site disinfection and disposal of infectious medical waste through its subsidiary, M.C.M. Environmental Technologies, Inc. (“MCM”). The Company’s innovative SteriMed technology simultaneously shreds and disinfects solid and liquid regulated medical waste, reducing the volume by up to 90% and rendering it harmless for disposal as ordinary waste. The SteriMed units are economical, compact, efficient and convenient, as well as environmentally friendly. The MCM patented technology offers an alternative to hauling and incinerating medical waste. Industry analysts estimate the medical waste market to be approximately $3 billion in the U.S. and approximately $10 billion worldwide. More information on the Company and MCM can be found at www.caprius.com and www.mcmetech.com.
About Little Bear
Little Bear Investments, located in the heart of Midtown Manhattan, is a merchant bank that focuses on investing in both public and private companies. Our broad range of investment experience includes: tender offers, private placements, PIPE’s, reverse mergers and bankruptcy auctions. Little Bear also offers financial, operational and strategic advisory services. Working with companies large and small, we bring the same disciplined approach to our clients as we do to businesses in which we have deployed our own capital.