23.12.03

23.12.2003: Meldung: Impco Technologies: $9.6 Million Private Placement of Common Stock

Impco Technologies Closes $9.6 Million Private Placement of Common Stock
Monday December 22, 4:00 pm ET

CERRITOS, Calif., Dec. 22 -- Impco Technologies, Inc. (Nasdaq: IMCO - News), today announced that they have closed a $9.6 million private placement financing of common stock with several large institutional investors. Impco sold a total of 1.5 million shares at $6.40 per share. The financing was placed by Adams, Harkness & Hill. Robert M. Stemmler, CEO and Chairman, said, "This funding provides Impco with the working capital we need to fund the growth we expect in our certified engine products for the U.S. industrial market."

For further information contact Mr. Dale Rasmussen, Investor Relations, +1-206-315-8242, or fax, +1-206-315-8301, drasmussen@impcotechnologies.com .

Source: Impco
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