TORONTO - Adeptron Technologies, an EMS provider traded on the Toronto stock exchange, announced today the selection of an investment banking firm to help raise up to C$4 million in gross proceeds for the company.

Madison Grant Fund of Toronto and First Associates Investments Inc. will act as as selling agents to raise capital for the proposed financing, through the sale of certain Madison Grant fund units.

Adeptron intends to use the proceeds of the financing to redeem or refinance outstanding notes payable and for working capital purposes to pursue ongoing strategic growth opportunities.