Cistera Networks®
(OTCBB: CNWT) a leading provider of enterprise application platforms and
engines for Internet Protocol (IP) Communications, announced today that
its Short Term Investment Incentive Program (Program) succeeded in
generating approximately $880,000 in proceeds from new investment
through warrant exercises; and approximately $3,100,000 of its
outstanding convertible notes and associated accrued interest were
converted to common equity. All amounts reported herein are approximate
as they are subject to final clearing through financial institutions.
“We’re very pleased
at the positive response from our investors to this Program, especially
during these challenging times in the general equity markets,”
said Derek Downs, Cistera CEO. “This infusion
of working capital gives us the solid foundation necessary to support
our expected accelerating growth. As evidenced by the order announced in
a press release dated July 2, 2008, relating to our solution being
deployed across a Midwest state’s entire
infrastructure, our solutions have gained recognition as leading
candidates for challenging, large-scale communication environments. We
look forward to capitalizing on this market acceptance.”
About Cistera Networks, Inc.
Cistera Networks is a leading provider of enterprise communications
platforms and services. The company blends powerful application
infrastructure with industry-specific business processes, to deliver the
benefits of voice, video and data convergence to the user. Cistera’s
industry-leading platform delivers the most reliable, scalable and
secure application services for IP-based network environments. Its broad
portfolio of application services enables users to improve customer
service and satisfaction, increase productivity and collaboration,
improve responsiveness to critical incidents and to provide a safer
environment.
Based on open standards and a proven server technology foundation, the
award-winning Cistera ConvergenceServer™
has a single unified administration which delivers the lowest total cost
of ownership in the industry. It enables customers to create robust and
scalable environments that are flexible enough to adapt to their
changing needs by scaling up to support from fewer than one hundred to
thousands of users, and scaling out to support multiple sites, making it
ideal for a broad range of organizations. For more information, please
see www.cistera.com.
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