EntreMetrix Launches Into Semiconductor Materials With Advanced Nitride Devices
EntreMetrix Corporation (OTCBB: ERMX)
IRVINE, CA–(MARKET WIRE)–Jun 19, 2006 — EntreMetrix, Inc. (OTC BB:ERMX.OB – News) today announced the launch of a portfolio investment within the semiconductor materials industry. The new portfolio company, Advanced Nitride Devices, will focus on the commercial market entry of Gallium Nitride (GaN) and Aluminum Nitride (ALN) materials into three primary sectors which include Blu-ray and high density optional storage, power transistors and solid state lighting.
As a semiconductor material, GaN is a primary component in the manufacturing of blue laser diodes which enable Blu-ray technology. With Sony beginning to sell Blu-ray versions of its movies tomorrow and Samsung’s Blu-ray player releasing Sunday, the market for GaN is starting to ignite.
Commenting on the introduction of Advanced Nitride Devices, Scott W. Absher, EntreMetrix’s CEO, stated, “The opportunity to bring these advanced semiconductor materials into a market where demand is very rapidly expanding is exciting for EntreMetrix. Our investment and support efforts will include immediate market entry through a direct industrial sales agenda but will also include acquisitions to allow Advanced Nitride to integrate its materials science into device manufacturing and beyond.”
EntreMetrix plans to develop a number of portfolio investment scenarios in its quest to increase the Company’s net asset value. The Company intends to accelerate its Business Development platform by using its expertise in capital formation, strategic growth and public market entry to the benefit of its eligible portfolio companies. EntreMetrix’s expertise provides unique advantages for its eligible portfolio companies, including the possibility of creating a liquid market for the companies’ securities. The Company’s plan includes equity distribution of each portfolio company to EntreMetrix shareholders of record at the time of a public market entry of the Company’s portfolio investments.
About EntreMetrix: Based in Irvine, California, EntreMetrix is a Business Development Company, regulated under the Investment Company Act of 1940, and a provider of essential structural and financial support services to small business clients throughout the United States. The Company’s structural support services create value for clients by providing expertise in the areas of employee and financial management — eliminating the need for clients to manage non-core functions. For many clients, the EntreMetrix relationship results in access to structural and financial resources needed to sharpen business focus and accelerate growth. For more information on EntreMetrix, Inc., visit the Company’s Web site at www.entremetrix.com or contact Scott W. Absher, (888) 798-9100. The Company’s corporate offices are located in Southern California at 18101 Von Karman Avenue, 3rd Floor, Irvine, California 92612.
Safe Harbor Statement: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “ACT”). Statements in this release that relate to the Company’s plans and strategies, as well as management’s expectations about new and existing products and services, acquisitions and opportunities, market growth, demand for acceptance of new and existing products and services are forward-looking statements. In particular, when used in the preceding discussion, the words “estimated,” “believe,” “optimistic,” “expect,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the ACT and are subject to risks and uncertainties, and actual results could differ materially from those expressed in forward-looking statements. Such risks and uncertainties include, but are not limited to, unfavorable market conditions, increased competition, limited working capital, and failure to implement business strategies, actions by regulatory agencies, and other risks and uncertainties that could cause actual results to differ materially from historical or anticipated results due to many factors. The Company undertakes no obligations to publicly update or revise such statements. For more details, please refer to the Company’s Securities and Exchange Commission filings.
Contact:
Scott W. Absher
(888) 798-9100
investorinfo@entremetrix.com
Source: EntreMetrix Corp.
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