RME Closes Seed Financing Round

June 30, 2011
Boston, MA – Resolute Marine Energy, Inc. (RME) has closed its Seed financing round. Proceeds from the financing will be used to drive RME’s product development and intellectual property development activities. The round was led by several Boston-area family trusts with the participation of private individuals. RME CEO Bill Staby commented; “These funds will leverage the federal R&D grants we’ve been receiving and will allow us to move more quickly toward our goal of commercialization in 2013.” “We are committed both to building shareholder value and to creating and sustaining an enterprise our shareholders are proud to be part of.”