PARAMUS, N.J., Jan. 15, 2013 /PRNewswire/ -- Mycell Technologies LLC, a leading intellectual property and investment holding company, along with its wholly-owned subsidiary, Oceans Omega LLC, which specializes in the development of proprietary liquid formulations of stable, concentrated omega‐3s for use in food, beverage, pet, medical and nutritional products, announced the closing of a strategic minority investment providing Mycell Technologies with an additional $3 million in capital. Terms of the transaction and investor name were not disclosed.
"2013 is an important year for the growth of Mycell Technologies and our growth will be supported by strategic partners. Having the additional funding combined with the character, integrity and strategic vision of this investor provides the company with additional momentum," said Benjamin D. Mamola, Chairman and Chief Executive Officer. "We are very selective with our investment partners and are thankful to be able to work with such an extraordinary investor."
About Mycell Technologies LLC (www.mycelltechnologies.com)
Mycell Technologies LLC is a leading intellectual property and investment holding company, creating proprietary liquid formulations of shelf‐stable highly concentrated omega‐3s.
About Oceans Omega LLC (www.oceansomega.com)
Oceans Omega LLC, a wholly-owned subsidiary of Mycell Technologies LLC, is a leading supplier of stabilized omega-3 EPA/DHA ingredients enabling the fortification of food and beverage products that had been previously unachievable. Oceans Omega's liquid ingredient solutions represent exceptional advancements for incorporating and stabilizing omega-3 EPA/DHAs in food and beverages. Oceans Omega's technologies deliver pure, stable, high EPA/DHA omega-3 levels in unique, tasteful products including clear beverages, gelatins, gels, liquid nutritional shots, add-to-waters, pet care, etc. providing customers speed to market and a first mover advantage. Oceans Omega's corporate offices are located in Paramus, New Jersey.
SOURCE Mycell Technologies LLC