Nova Eco Tech Limited secures 50 free hours of investment advice

January 6, 2009

Pacific Channel Limited’s offer of 100 free hours of investment advice to New Zealand life-science and engineering-technology entities with the potential to create jobs has now closed.

Pacific Channel made the offer in response to ASB Bank’s $1 billion job creation fund and the offer by the advertising agency, DraftFCB of 1,000 hours of free advertising advice to a company or companies judged to have the best potential for creating jobs.

Pacific Channel’s offer’s first recipient is an engineering technology company Nova Eco Tech Limited. Nova Eco Tech, which develops retrofit systems to enable motor vehicles to significantly reduce fuel consumption, will receive 50 free hours of investment advice from Pacific Channel.

Pacific Channel received a number of entries with great potential. Mr Ogilvie would like to thank those who submitted their proposal. Applicants for the remaining 50 free hours of advice are under consideration.

Mr Ogilvie said “the services provided by Pacific Channel will be tailored to applicant requirements and may include corporate advisory, commercialisation, investment readiness and capital acquisition strategies.”