USA: Detroit Technology Ventures, LLC Announces First Deal With Investment in Code-Alarm, Inc.
Approximate $9-million Investment Plus Refinancing Makes Code-Alarm Debt-Free With Aggressive Plan to Expand Detroit Technology Ventures, LLC (DTV), a venture capital fund focused on investing in and acquiring new and emerging technology businesses and undervalued industrial technology manufacturers, has announced a substantial equity investment in Code-Alarm, Inc. (OTC Bulletin Board: CODL). DTV Chairman and CEO Douglas H. Graham made the announcement today saying that the approximate $9-million investment, which is part of an overall refinancing of the company's capital structure, will dramatically enhance the company's balance sheet. In connection with this transaction, Mr. Graham will be joining the Code-Alarm board of directors.
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