InterMetro Receives Additional Equity Investment
23 Outubro 2012 - 10:30AM
InterMetro Communications, Inc. (Ticker:IMTO), on October 12, 2012,
accepted the initial $295,000 of investment in Series A2 Preferred
Stock in conjunction with the new 3 million dollar facility
recently announced with Transportation Alliance Bank, Inc. ("TAB
Bank"). InterMetro has designated the maximum limit of $1.0
million of preferred shares for this offering, which are
convertible into shares of common stock at $0.15 (fifteen cents)
per share.
"The additional equity capital strengthens our ability to
further deploy new and existing products and services while
supporting our continued revenue growth. This new investment
is further validation of the Company's technologies," stated
Charles Rice, Chief Executive Officer of InterMetro.
The Preferred Stock was sold to accredited investors in a
private placement exempt from the registration under Regulation D
of the Securities Act of 1933, as amended. Proceeds from the
equity raise will be used for general working capital purposes.
About InterMetro Communications:
InterMetro Communications is a leading facilities-based IP
communications provider of enhanced voice and data communication
services. InterMetro owns and operates a national, private,
proprietary voice-over Internet Protocol (VoIP) network
infrastructure powered by state-of-the-art switching equipment and
software. InterMetro's robust network transports
carrier-quality, cloud-based enhanced voice and data services that
are packaged into customized products. This network powers
some of the industries' leading providers of converged
communication services such as: wholesale transport carriers,
wireless providers, broadband phone companies, VoIP service
providers, prepaid service providers, and voice-enabled application
service providers. InterMetro's experienced team has a
customer-centric approach with a proven track record of
success.
Contact Information: Lynne Gilbert (805)
433-8000 pr@intermetro.net www.intermetro.net
InterMetro Communications (CE) (USOTC:IMTO)
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