Amaryllo issues new shares to fund company development
the leading solutions provider for RDS based Traffic information systems announced today that
funding was raised by issuance of equity to several new shareholders.
The funds will be used primarly to continue and expand the quick growth
of the company.With this new funding, Amaryllo will be able to place new and
innovative products on the European markets. The funds will be used to
finance the required expansion of the organisation, operations and
logistics, as well as to increase the research and development work
done in Amaryllo.