Contact Information: Contact: Vikram S. Arneja Managing Director ICA Advisors 150 Motor Parkway, Suite 109 Hauppauge, NY 11788 631.670.6150 varneja@intelliancapital.com www.intelliancapital.com Ikona Industries: Scott Rose Corporate Communications 604.523.5507 scott@ikona.ca Investor and Media Relations: Marty Tullio McCloud Communications LLC 949.553.9748 marty@mccloudcommunications.com
ICA Advisors Retained by Ikona Gear in Management Advisory Role
| Source: Intellian Capital Advisors, LLC
HAUPPAUGE, NY--(Marketwire - July 24, 2008) - ICA Advisors, LLC, a division of Intellian
Capital Advisors, LLC, a full service merchant banking firm,
announced that it has been retained by Ikona Gear International, Inc.
(OTCBB : IKGI ) in a management
advisory role.
Ikona Gear International, located in
Coquitlam, BC, has a breakthrough patented gearing technology that is being
incorporated in a number of high-precision applications including robotics,
satellite base stations, automotive components and medical device
applications. The company also designs and manufactures an innovative line
of products for the oil and gas machinery industry, which includes
drawworks, speed increasers and mud pump drives.
"Ikona's management team has a groundbreaking technology that's smaller and
lighter and provides its customers with significant cost reduction
opportunities. ICA Advisors will work with the management team to develop a
business strategy for expanding their operations and market share over the
next several years," said ICA Advisors Managing Director, Vikram Arneja.
ICA Advisors Managing Director Bernie Gartenlaub commented, "We will work
closely with Ikona's management focusing on the company's short-term and
long-term goals, which involve entering into joint ventures agreements with
companies within North America and the Middle East. Our expertise will
assist in creating the most effective strategy for meeting their
commercialization goals and raising the capital needed to accomplish these
goals."
"We have outlined an aggressive product development and commercialization
strategy to expand our marketing and geographical reach," said Ikona CEO
and President Laith Nosh, "and are pleased to have ICA Advisors' assistance
with the execution of our business strategy and help with our capital
requirements. Our goals over the next several years include the continued
development of our oil and gas machinery equipment, penetration of
additional automotive markets, and the furthering of our efforts within the
alternative energy sector with our innovative patented gearing platform."
About Ikona Gear International, Inc.
Ikona Gear is a knowledge-based company with innovative and proprietary
products targeting two significant markets: oil and gas field machinery
and gearing and power transmission applications. The company provides a
family of mud pump gear drives, hoisting drawworks and speed increasers
that have established new standards within the oil and gas industry for
their efficiency, weight and small footprint on the drilling platform. The
company's unique patented gear technology enables engineers to design gear
products with a higher power-to-weight ratio, increased control and
precision of gear movement, extremely high input-to-output speed ratios and
generally superior application performance over standard gearing systems.
It is best suited for applications with deep ratio requirements and weight
and size constraints such as the automotive industry, satellite
communications equipment, robotics and medical devices. Ikona trades on the
OCTBB trading system under the symbol "IKGI" and on the Frankfurt Exchange
under the symbol "lG2." For more information, please visit www.ikona.ca
About Intellian Capital Advisors
Founded in 2003, Intellian is a full service merchant banking firm. Each
client works with a hand-picked Intellian team, which examines a company at
every level, from management to operational systems, to ensure the company
is appropriately positioned to reach its goals. Intellian works with a wide
array of industries including medical, manufacturing, transportation,
alternative energy, technology and media. ICA Advisors provides strategic
and management advisory services to leading middle market companies. The
portfolio of services includes merger and acquisition
transactions, divestitures, restructuring, and raising capital through a
variety of vehicles. For more information, please visit the company's
website at www.intelliancapital.com.