CARLSBAD, Calif., April 12, 2006 (PRIMEZONE) -- Omni USA, Inc. dba Brendan Technologies, Inc. (OTCBB:OUSA), a pharmaceutical software company, today announced its engagement of Ascendiant Securities LLC, a nationally ranked investment banking firm and registered broker-dealer. Ascendiant will, on a best efforts basis, introduce Brendan Technologies to its network of institutional and accredited investors while providing related advisory services.
Mr. Lowell W. Giffhorn, Brendan Technologies' Chief Financial Officer, expressed his pleasure in working with a knowledgeable and experienced corporate finance firm that has a proven history of placing institutional investment capital in emerging growth companies. "With Ascendiant's assistance, we look forward to sharing our story with the institutional marketplace and believe that our Company's recent positive developments make this an opportune time to initiate these activities."
About Brendan Technologies, Inc.
Founded in 1997, Brendan Technologies, Inc. has been actively involved in providing software solutions to improve the accuracy, quality control, workflow, and regulatory compliance of immunoassay testing in laboratories in the biopharmaceutical, clinical, research, veterinarian and agricultural industries. The Company's innovative software addresses the data analysis, workflow, and regulatory needs of its customers, many of which are Fortune 1000 organizations that represent some of the largest corporations in their respective fields. Brendan Technologies is currently redesigning and expanding its current product lineup to better capitalize on the growing demand of its target markets for more advanced software. More information is available at www.brendan.com.
About Ascendiant Securities LLC
Ascendiant Securities LLC is a nationally ranked investment banking firm, registered as a broker-dealer with the Securities and Exchange Commission (SEC), and a member of the NASD and SIPC. Ascendiant provides investment banking and corporate finance services to its emerging public and private clients. These services include equity private placements of preferred and common stock, senior and subordinated debt financing, working capital facilities, and bridge financing. In 2005, Ascendiant was ranked among the ten most active placement agents in the United States for PIPE (private investments in public equities) financing transactions as reported by Sagient Research Systems, a leading industry tracking organization. More information is available at www.ascendiant.com.
This announcement is for information purposes only and is not an offer or solicitation to buy or sell securities.
Forward-looking statement: Except for historical information, this press release contains forward-looking statements, which reflect the Company's current expectation regarding future events. These forward-looking statements involve risks and uncertainties, which may cause actual results to differ materially from those statements. Those risks and uncertainties include, but are not limited to, changing market conditions and other risks detailed from time to time in the Company's ongoing quarterly filings, annual information form, and annual reports. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events in this press release might not occur.