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Old 03-29-2007, 02:32 PM   #1
Alexander Turcic
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iRex to expand B2B activities / speaks of possible IPO

The details are still pretty slim, but it seems that iRex is finally kicking into overdrive to deliver the iLiad device into the B2B world. MobileRead member Martijn sent us a link to a Dutch article and he also kindly provided us with the following English summary:
  • Starting in May 2007, electronic editions of two Dutch newspapers (NRC Handelsblad and De Volkskrant) will become available on the iLiad device.
  • iRex hopes to raise additional capital, either in a new financing round, or possibly (emphasis on possibly) by going public.
  • 10'000 iLiad were sold last year and the company hopes to sell 100'000 units this year.
  • iRex is in negotiation with airlines companies such as KLM Royal Dutch to get their flight personnel to use the iLiad.
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