Advanced Modern
Technologies Corporation (AMTC), a global designer, manufacturer and
distributor of automatic washroom fixtures, announces the completion of an
equity investment in AMTC from a private investment group.
Advanced
Modern Technologies Corporation(AMTC), a global designer,
manufacturer and distributor of automatic washroom fixtures, announces the
completion of an equity investment in AMTC from a private investment group.
The group includes George
Patrick Murphy, former President and CEO of Technical Concepts. In conjunction
with the equity investment, Murphy will serve as a Strategic and Operational
Advisor to the management of AMTC, as well as a member of the Board of
Directors.
“This new round of financing
combined with George’s experience and contact base in the plumbing, sanitary
supply and paper channels will help accelerate our growth objectives as we
continue to take market share,” said Jorge Maercovich, President and CEO of
AMTC.
From 1997 to 2005, Murphy served
as President and CEO of Technical Concepts LLC, a global supplier of automatic
washroom fixtures and soap and air care systems. Prior to his tenure there,
Murphy held several top management and sales positions with divisions of
Kimberly-Clark Corp. and Scott Paper Co.
“AMTC has a truly unique
position in today’s washroom automation market. Their products combine the
highest reliability with cutting edge water saving features, positioning AMTC
as the solution provider for the future. I am excited to partner with the company
to help profitably grow its market share,” said Murphy.
