WestPark Capital, Inc., a Los Angeles-based full service international investment banking company that specializes in emerging sectors in growth economies, today announced that it completed a WRASP that resulted in raising a total of $13.6 million for China Intelligent Lighting and Electronics, Inc., (Amex: CIL), a China-based manufacturer of a full range of lighting solutions, including high- quality LED lighting products. WestPark Capital helped China Intelligent Lighting and Electronics become a publicly traded company in the U.S. using the revolutionary financing process it created, known as a WRASP. A WRASP is an alternative capital markets transaction process where a private company goes public through a share exchange, with its common stock trading directly on the NYSE Amex or another senior exchange. In addition to raising capital, China Intelligent Lighting and Electronics gained a listing on the NYSE Amex. During the past year, WestPark Capital has begun to establish an international reputation for providing access to U.S. capital for the funding of Chinese companies.
A registration statement related to these securities has been declared effective by the Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering is made only by prospectus. A copy of the final prospectus may be obtained from WestPark Capital, Inc., 1900 Avenue of the Stars, Suite 310, Los Angeles, CA 90067, by telephone (310) 843-9300.
WestPark Capital, Inc. is a full-service international investment bank focused on emerging growth sectors such as healthcare, software, technology, biotechnology, financial services, manufacturing, consumer products, and media and telecom industries, among other categories. Founded in 1999, with offices in key markets across the United States, as well as in China*, Hong Kong*, and Taiwan*, the firm and its founder, Richard Rappaport, are credited for having created the revolutionary “WRASP.” The “WRASP” is a process in which a company becomes publicly traded through a share exchange and trades directly onto a Senior Exchange such as the NYSE, AMEX or the NASDAQ, completely bypassing the OTCBB. The “WRASP” generally possesses superior liquidity, valuation and institutional coverage. This innovative approach includes potentially increased market awareness and the visibility of an IPO.
*International offices are separate and distinct and are joint ventures that are non FINRA registered offices.
Company Website: www.wpcapital.com Member FINRA/SIPC