ATLANTA, GA, September 11, 2009
/24-7PressRelease/ -- J.P. Turner's Investment Banking Division recently completed a capital raise of more than $12.3 million for Quantum Fuel Systems Technologies Worldwide (NASDAQ: QTWW) in a private placement offering of the company's common stock and warrants. Quantum is a leader in the development and production of advanced propulsion systems, energy storage technologies and alternative fuel vehicles.
Quantum also owns a stake in Fisker Automotive (www.fiskerautomotive.com), a next-generation hybrid automotive company, and is the exclusive provider of the drive trains for its new plug-in vehicle, the Karma. Fisker Automotive is led by heralded car designer Henrik Fisker and the new automotive company expects to start delivering cars in Q4 2009.
"J.P. Turner acted as the exclusive placement agent for the offering," said Patrick Power, managing director of Investment Banking for J.P. Turner. "We are big fans of the rapidly developing alternative energy automotive market and bigger fans of Quantum."
The Investment Banking Divison has recently opened two new offerings and several more are in development. To learn more about J.P. Turner's Investment Banking Divison, or how to participate in their current offerings, please contact Joe Walker at 404-479-8339.
About J.P. Turner & Company, LLC
J.P. Turner & Company, LLC, is a full-service independent investment banking and securities brokerage firm headquartered in Atlanta with some 160 independent branch offices nationwide. Its affiliate company, J.P. Turner & Company Capital Management, LLC, offers investment planning and advisory services. J.P. Turner was founded in 1997 by Bill Mello and Tim McAfee. Mello and McAfee have assembled a strong leadership team of seasoned financial brokers and advisors who, like themselves, truly understand the challenges faced by independent representatives in the field. The company is a member of SIPC and the National Investment Banking Association. J.P. Turner was voted one of the top 10 brokerage firms in Atlanta by the Atlanta Business Chronicle. J.P. Turner is consistently voted one of the top 50 independent broker/dealers by Investment News and one of the top broker-dealers by Financial Advisor. For additional information on J.P. Turner & Company visit http://www.jpturner.com. For information on J.P. Turner & Company Capital Management visit http://www.jpturnercm.com.
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