Vancouver, British Columbia--(Newsfile Corp. - February 19, 2016) - Arcturus Growthstar Technologies (CSE: AGS) is the latest new listing on the Canadian Securities Exchange, and trades under the symbol "AGS". The company previously traded as Bi-Optic Ventures on the TSX Venture Exchange.
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The company is in the business of developing and distributing LED based lighting solutions for both commercial and residential applications, with a focus on delivering cost efficient lighting to North America via advanced e-commerce sites the company owns and operates. Arcturus entered the LED market through the acquisition of certain LED lighting equipment and intellectual property from Ultimate Energy Savings Canada, a company controlled by Rob Huston.
Rob Huston, now President & CEO of Arcturus, stated: "It is great to be part of the team and I am encouraged to be able to build on our sales and add value for shareholders."
The company's www.LEDCanada.com website which caters to all Canadian consumers as well as B2B customers via Contractor and Re-Seller log-in areas, attracts thousands of customers per month. LED Canada is a trusted supplier of the newest and highest quality LED Lighting solutions, helping take the guess work out of this "sometimes confusing" technology.
The company also owns and operates www.COBGrowlights.com which caters to both large and small greenhouses and indoor cultivation centres.
The Growthstar brand of LED lights have been top rated for almost 5 years and the company's newest COB (Chip on Board) and MCOB (Multiple Chips on Board) technologies are proving to be a game changing revolution in the world of "LED Grow Lights" by providing the first true option for replacing the millions of HPS lamps currently the industry standard.
Michael Withrow, Chairman added: "We took the time to structure the company and acquire assets in a high growth sector during slow economic times. Our presence in Asia is highly beneficial for the company."
The company recently closed a private placement consisting of 3 million units at a price of $0.05, raising gross proceeds of $150,000, with each unit consisted of one common share and one warrant, with each warrant exercisable at $0.10 for 6 months, subject to an acceleration clause should the shares trade at a price of $0.15 or higher.
For more information please contact Michael Withrow, Chairman, at 604-689-2646 or by email at mike.withrow.vn@gmail.com.
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