HiTech Creations Completes Equity Funding; Company Releases Air Flight Simulation Available At www.hitechcreations.com. - Free Online Library
Summary
Business Editors & High-Tech WritersGRAPEVINE, Texas--(BUSINESS WIRE)--July 27, 2000HiTech Creations Inc., a Grapevine, Texas company specializing in the development of large-scale Internet flight simulations, recently completed a private equity offering.The company, formed in 1999 by Dale Addink, has recently completed beta testing of a premium WWII air combat game, Aces High.The offering was funded primarily by an upstart angel capital group based in Arlington Texas, the Arlington Angels. Ron Sturgeon, one of the investors says, "We were glad to invest in a local Internet company with such a revolutionary product, and think it will appeal to a diverse group of computer users, as well as an existing base of air flight simulation gamers." As part of the offering, according to Mr. Sturgeon, HiTech created a board of directors, consisting of Mr. Addink, other Tarrant County business people, (including some of the investors), and at least one seasoned Internet games expert.Mr. He was co-founder and CEO of Interactive Creations Incorporated, which created the pioneering Internet-based WWII flight simulation, WarBirds, before he left to form HiTech. The game can be found at www.hitechcreations.com.For further info contact Creig Towery, spokesperson, Arlington Angels, at 817/834-3625, or Doug Balmos, Hi Tech Creations, 817/251-1540(dougb@hitechcreations.com).