Conglomerate industry news provided by Financial News USA (OTC: FNWU) Seamless Technology Inc. (OTC: SLSX) (www.seamlesstech.com) today announced today that David C. Langle has joined the company as Chief Financial Officer and Chief Operating Officer of the holding company. Borys Rafalowicz, Seamless Technology CEO, said, "A proven, seasoned senior executive, Mr. Langle is a CPA with a broadly diversified background, which includes over twenty-five years of experience in public and private accounting, top management positions and directorships with major companies, primarily in public organizations. As Seamless, and its two subsidiaries, Pinneast and MerchandiZer continue their rapid expansion; we felt that it was time to expand our senior management group to handle the financial aspects of our growth.
3M (NYSE: MMM) today announced the launch of 3M Tegaderm Ag Mesh Dressing with Silver, a new wound care product with fast-acting, long-lasting antimicrobial barrier effectiveness against a wide range of microbes, including antibiotic-resistant bacteria such as MRSA and VRE(a). Koor Industries (NYSE: KOR) a leading Israeli investment holding company, announced that it has signed an agreement (the "Agreement") to acquire 50% joint-control of Epsilon Investment House ("Epsilon" or the "Company") for NIS 105 million (approx. $22m); Approx. half this amount will be injected into the company, the other half will be used to acquire shares from the current founders and managers -- Shmuel Frenkel and Ron Levkovich (the "Founders"). The transaction will be conducted based on a pre-money company value of NIS 160 million (approx. $35m). Following the transaction, Koor will hold 50% in Epsilon and the remaining 50% will be held by the company's Founders. GenCorp Inc. (NYSE: GY) recently announced that effective February 6, 2006, R. Leon Blackburn will join the Company as vice president, controller, reporting to Yasmin Seyal, senior vice president and chief financial officer.
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