LAS VEGAS, Nov. 21, 2006 (PRIMEZONE) -- Hansen Gray & Company, Inc. (Pink Sheets:HGCP) (www.hansengray.com) a leading strategic venture capital firm, today announced two independent business transactions that significantly enhance the company's growth and ability to deliver robust shareholder value.
Hansen Gray has acquired two DIRECTV contracts
The two DIRECTV contracts and the firm's wireless agreements through GTG Consulting, a wholly owned subsidiary of Hansen Gray, enable the company to generate revenue and realize profits with little overhead and zero inventory.
DIRECTV sends the equipment directly to the customer and also sends the installer to the customer's home or place of business. The customer receives up to 4 free receivers, free basic installation and a free satellite dish. Hansen Gray receives upfront commission and residual income from the customers' accounts.
Celsia Technologies Hansen Gray's largest holding, has received a contract from Daesan IT Co. Ltd. (www.daesanit.co.kr), a leading distributor of graphics card boards, to be the exclusive buyer in the Korean market of the new Iceon 1000CG graphics cooler.
The contract is anticipated to amount to approximately $500,000 in revenue for Celsia over the next six months. Hansen Gray & Company's ownership stake in Celsia Technologies (8.6 million shares) is poised to yield significant returns.
Celsia introduced the industry's first graphics card cooling product with a patented micro thermofluidic core to enhance cooling system performance. As previously mentioned above, Celsia just announced its largest sale to date: Daesan IT Co. Ltd. (www.daesanit.co.kr), a leading distributor of graphics card boards, signed a contract to be the exclusive buyer in the Korean market of the new Iceon 1000CG graphics cooler. Daesan IT will incorporate the Iceon 1000CG into its graphics card boards for its customers in the high-performance market, including computer, design and graphics professionals and gaming enthusiasts. For more information visit http://www.celsiatechnologies.com.
Frank Weber, President of Hansen Gray said, "We are excited by the opportunities of our DIRECTV contracts and the ability of Celsia to generate future revenue growth. These recent developments lend further credence to Hansen Gray's ability to garner significant returns on its investments and enhance shareholder value."
About Hansen Gray and Company,Inc.
Hansen Gray and Company, Inc. (Pink Sheets:HGCP) is a strategic venture capital firm that acquires or invests in companies, which through growth or acquisition, have the potential to become leaders in their respective markets. Please visit Hansen Gray at http://www.hansengray.com
Safe Harbor
This press release includes forward-looking statements that involve risks and uncertainties, including, but not limited to, product delivery, the management of growth, market acceptance of certain products and other risks. These forward-looking statements are made in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect Hansen Gray & Company, Inc.'s future results, please contact the Company directly. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially from management expectations.