Little Bear Investments LLC Participates in Caprius, Inc. $4.5mm Private Placement
Thursday February 17, 2005
NEW YORK, February 17 — Little Bear Investments LLC (“Little Bear”) announced today that it has participated in a $4.5 million private placement to purchase common stock and warrants of Caprius, Inc. (“CAPR”). Laidlaw & Co. (UK) Ltd., a registered NASD broker-dealer, acted as the placement agent in the private placement.
“This private placement gives Caprius a stronger balance sheet and the funds it needs to market and grow its revolutionary SteriMed product”, commented Mr. Zachary Prensky, Managing Director of Little Bear. “It is this type of transaction where the company’s balance sheet is restructured that we at Little Bear are focused on deploying capital.”
About Caprius, Inc.
Caprius, Inc., headquartered in Fort Lee, NJ, is engaged in manufacturing proprietary equipment for on-site medical waste disposal through its subsidiary, M.C.M. Environmental Technologies, Inc (MCM). The Company’s SteriMed units simultaneously shred and disinfect regulated medical waste, reducing its volume up to 90%, and rendering it harmless for disposal as ordinary waste. The SteriMed System is environmentally-friendly and efficiently disinfects the infectious clinical waste, including, among others, sharps, dialyzers, blood lines, bandages, plastic tubing and glass, in a 15 minute cycle. The MCM patented technology is an alternative to hauling and incinerating medical waste. In the U.S., medical waste is a $3 billion market. More information on the Company and MCM can be found at www.caprius.com or 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.
If you have any questions regarding this press release, please contact us at 212-946-2736.