Amazing Technologies raises $1 million in private placement

By Sheri Kasprzak

Atlanta, Feb. 23 - Amazing Technologies Corp. said it has closed a $1 million private placement.

The investment will be made by J. Bradley Hall, Amazing's chief executive officer and chairman of its board of directors.

Hall said he could not comment in detail on the offering Wednesday because of prior engagements out of town.

"Amazing has created a comprehensive blueprint for acquiring and integrating orphaned software assets, as well as low-margin service providers," Hall said in a statement. "By working newly acquired high-margin solutions into existing customer bases, we can create substantial value for our customers and stakeholders."

Based in Newport Beach, Calif., Amazing Technologies supplies and integrates real-time solutions or web-based services.

On Wednesday, Amazing's stock closed unchanged at $0.98.

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