Denver, CO – March 6, 2009 – Global Geo Supplies, Littleton, Colorado announced its recent acquisition of the SoftMouse® product line from Immersion Corporation (NASDAQ:IMMR). The acquisition positions Global Geo Supplies as the largest volume provider of 3D computer mouse products worldwide. The SoftMouse® 3D computer input devices are principally used to create three dimensional computer models based on two dimensional imagery taken via satellite, aerial camera, and radar.
CFO Services, LLC, Denver, Colorado ( www.cfoservicesnow.com), owned and managed by Kira Riedel, is providing pre- and post-transaction advisory services to Global GEO Supplies.
Guillermo Gallo, Co-Owner of Global GEO Supplies comments regarding the acquisition, "We believe that market demand for this product will increase hand in hand with the demand of vector mapping products generated by the GIS (Geographic Information Systems), street/car navigation, and web mapping industries. Such vector products are mainly produced by human operators in stereoscopic workstations, of which a 3D control device like the SoftMouse is a required component. Global Geo Supplies is excited to continue the technical development of the 3D mouse and related products to provide the market with the highest quality products possible. We are confident that our customers will continue to find new applications for these products and we want to innovate with them.”
About CFO Services, LLC ( www.cfoservicesnow.com)
CFO Services, LLC, founded by Kira Riedel, is a corporate finance advisory boutique, located in Denver, Colorado since 2005. CFO Services focuses on providing customized institutional quality financial solutions to small and mid-sized companies and private investors through their financial transitions. CFO Services is currently heavily focused on buy-side transaction services and joint ventures.
About Global GEO Supplies
Global Geo Supplies (GGS) is a privately held company, headquartered in Denver, Colorado since 2001. Global Geo Supplies is owned by Guillermo Gallo, Vice President and his wife, Normal Gallo, President. GGS is a systems integrator and manufacturer of computer workstations for scientific and engineering applications. The company has experienced high growth rates ever since its inception and is actively pursuing acquisitions and joint ventures in technical product manufacturing industries.
About Immersion Corp (NASDAQ:IMMR) ( www.immersion.com)
Founded in 1993, Immersion Corporation, located in San Jose, California, is the recognized leader in developing, licensing, and marketing digital touch technology and products. Immersion's technology has helped manufacturers develop innovative and creative solutions for products such as hundreds of video games and leading video console gaming systems, medical training simulators installed around the world, driver controls for automotive manufacturers, and mobile phones.