San Clemente-based ICX Electronics.com has retained Markwood Capital Alliance to attract U.S. investors.
Last week, according to ICX founder and CEO Gary E. Lotzer, ICX concluded a $4 million dollar investment deal with an Asian investor Lotzer declined to name.
“With the hiring of Markwood, we are looking to attain a strategic U.S. investor that would nicely complement the Asian investment,” said Lotzer.
ICX Electronics is an online marketplace that serves as a link between manufacturers and buyers of electronics. Plans for the new capital include an acceleration of ICX’s full online launch.
Since opening in April 1999, the company has expanded from four employees in its San Clemente office to 30, and further growth is pending, Lotzer said. ICX plans to open a subsidiary office with 15 employees in Singapore on Aug. 1, he said.
