Vuzix Corporation Enters into Advisory Agreement with Spinnaker Capital Markets
ROCHESTER, N.Y., Sept. 13, 2012 /PRNewswire/ -- Vuzix Corporation. (TSX-V: VZX, OTC:BB: VUZI, FMB: V7X) ("Vuzix" or, the "Company") a leader in the design and manufacture of Video Eyewear products that provide users with portable high quality viewing experiences is pleased to announce that it has appointed Spinnaker Capital Markets Inc. ("Spinnaker") as its capital markets and investor relations advisor.
The renewable agreement is for an initial term of four months from September, 2012 to January 2013. Spinnaker's mandate will focus on developing and expanding the network of investors, analysts, and financial intermediaries who are interested in following the Vuzix growth and investment story. The agreement also provides for a full range of services for a monthly fee of $7,500. The agreement is subject to the approval of the TSX Venture Exchange.
"We are delighted to have been selected by Vuzix as its investor relations and capital markets advisor and look forward to a long and successful relationship," noted Ali Mahdavi, Partner at Spinnaker Capital Markets.
"The Vuzix team is extremely excited to work with Spinnaker to increase our market exposure, and give us stronger representation in the equity markets. This is the next step in our efforts to create shareholder value. Given Spinnaker's track record, we believe that they are the ideal partner and advisor to complement and communicate our growth strategy in delivering shareholder value," commented Paul Travers, President of Vuzix.
About Vuzix Corporation
Vuzix is a leading supplier of Video Eyewear products in the consumer, commercial and entertainment markets. The Company's products, personal display devices that offer users a portable high quality viewing experience; provide solutions for mobility, wearable displays and virtual and augmented reality. Vuzix holds over 47 patents in the Video Eyewear field. The Company has won 12 Consumer Electronics Show Innovation Awards and several wireless technology innovation awards, among others. Founded in 1997, Vuzix is a public company (TSXV: VZX - News, OTC:BB: VUZI, FMB: V7X) with offices in Rochester, NY, Oxford, UK and Tokyo, Japan. For more information visit www.vuzix.com.
Spinnaker is Toronto based advisory firm which provides TSX and TSX.V listed companies with an array of advisory services from investor relations to strategically positioning its portfolio of companies for maximum exposure amongst targeted research analysts, and retail and institutional investors. Spinnaker has long-standing relationships with Canadian, American and European investment banking, asset management and retail brokerage firms with focus on the small to mid capitalization market segment.
For additional information, please contact:
75 Town Centre Drive
Rochester, NY 14623 USA
Tel: +1 (585) 359-7562
Ali Mahdavi/Kevin O'Connor
Spinnaker Capital Markets
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Vuzix Corporation