$6,000,000 ~ 5% Senior Convertible Notes ~ November 2004
Nestor Traffic Systems is a leading provider of video-based intersection monitoring systems that provide automated red-light enforcement, increase traffic safety and prevent intersection collisions. After growing from an installed base of forty-one intersection approaches to over ninety in one year, Nestor was looking for capital to continue building contracted installations and to seek new business opportunities. Taglich Brothers, a long-time friend of the Company’s new management, participated in this cost efficient private placement, allowing Nestor to meet its near-term capital needs.
The information contained herein does not constitute a solicitation of any order to buy or sell any securities. The information provided herein may be displayed and printed for your personal, noncommercial use only. You may not reproduce, retransmit, distribute, disseminate, sell, publish, broadcast or circulate the information to anyone, without the express written consent of Taglich Brothers, Inc.