Impatica Closes Equity Financing
Impatica Closes Equity Funding &#thirteen
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Ottawa, Canada (PRWEB) August 29, 2006 –-
Impatica Inc., an Ottawa-based mostly industry leader in the delivery and viewing of PowerPoint presentations about the Internet and wireless networks, right now declared that it successfully completed an equity financing.
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On August 29, 2006, the Business accomplished a personal placement to accredited traders whereby it marketed 12,a hundred,000 shares of Class A Common stock at $ .25 per share for gross proceeds of around $ 3.025 million prior to payment of commissions and bills. As portion of the offering, the Business also issued 6,050,000 5-12 months warrants to buy widespread shares at $ .30 per share. The warrant expiry date can be accelerated to thirty days by observe to holders if the Company’s shares trade for 30 days at or above $ one.00. The funds from the funding will be utilized largely to expand globally product sales, marketing and distribution and to speed up advancement of comply with-on products.
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On completion of the funding, Michael Doyle, Chairman and CEO of Impatica mentioned, “With a number of a long time of effective item development, commercialization and relationship constructing guiding us, Impatica is now positioned with the merchandise, channel partners and resources to capitalize on the speedily growing international market place for application-driven technology on mobile devices.”
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Quest Securities Corporation acted as the sole placement agent in link with the transaction. In consideration for acting as the agent for this transaction, Quest obtained a commission of $ 211,750 in addition 847,000 two-yr broker warrants to acquire broker units at $ .twenty five per unit. Each and every broker unit is comprised of one particular Class A Widespread share and one five-year warrant to purchase 1 frequent share at $ .thirty, matter to the very same acceleration provision described above.
Impatica ShowMate is the initial and only system that enables BlackBerry customers to venture PowerPoint presentations directly from their handhelds, with no the require for a laptop computer computer. A pocket-sized gadget that weighs much less than 3 ounces, the very well-liked Impatica ShowMate supports entire-highlighted PowerPoint presentations like wealthy text, photos, charts, graphs, animations and slide transition effects. Impatica’s ShowMate is obtainable from distributors and strategic partners about the planet and from Impatica straight at http://www.impatica.com.
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About Impatica Inc.
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Impatica merchandise allow customers of Microsoft PowerPoint and Macromedia Director™ to provide their subject material plug-in free, to Java-enabled computer systems, BlackBerrys and other handheld wireless products, even at mobile and dial-up speeds. Making use of Impatica ShowMate, PowerPoint presentations can be projected from a wireless handheld, with out want for a cumbersome laptop computer laptop or computer. Roughly three,000 organizations including some 2,500 schools and universities and hundreds of firms use Impatica merchandise to converse much more proficiently with hundreds of thousands of individuals each and every day.
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For a lot more information:
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Impatica Inc.
Michael Doyle:
(800) 548-3475
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(613) 736-9982 ext. 279
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http://www.impatica.com
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