News & Events

CelLynx Inc., Norpac do 'reverse merger'

An El Dorado Hills technology company has completed a merger that turned it into a publicly traded company.

CelLynx Inc., which develops mobile phone technology, completed a stock swap "reverse merger" with Norpac Technologies Inc.

Norpac is a Bellingham, Wash., company that gave up on its original mission – to develop self-chilling drink containers – and was casting about for a new business.

Although technically Norpac acquired CelLynx, the practical impact is just the opposite. The combined company will be renamed CelLynx Group Inc. and is applying to change its stock ticker symbol accordingly. CelLynx's officers will run the new company.

At the same time the merger was finalized, CelLynx completed a $2 million private stock offering.

For the time being, the company trades under Norpac's name. The stock closed Tuesday at 23 cents, down a penny, on the over-the-counter bulletin board listings.

CelLynx develops technology for amplifying mobile phone signals.

Dale Kasler
Story appeared in BUSINESS section, Page B9