Frisby Technologies Inc (Nasdaq: FRIZ - news), developers of patented ComforTemp DCC, announced today that it has further strengthened its year-end financial position by closing $700,000 in equity financing through a private placement and extending an existing line of credit. Participants in the financing include accredited private investors from the Piedmont Triad region of North Carolina and Pittsburgh Plastics Manufacturing, Inc, a producer of the company's gel products.