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Network Installation retains Ascendiant to conduct $2 million PIPE
By Sheri Kasprzak
New York, Oct. 30 - Network Installation Corp. said it intends to raise at least $2 million in a private placement.
Ascendiant Securities, LLC is the placement agent for the offering. Ascendiant, according to the terms of the placement agent agreement, has six months to introduce investors to the company. If Ascendiant completes a private placement for at least $2 million within six months, the placement agent agreement will be extended by one year.
Located in Las Vegas, Network Installation installs and develops wireless technologies and communications systems.
On Monday, the company's stock gave up 2 cents, or 5.88%, to close at $0.32 (OTCBB: SIEN).
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