Navigation Links
Communication Intelligence Corporation Closes $3.6 Million Financing
Date:6/6/2008

REDWOOD SHORES, Calif., June 6 /PRNewswire-FirstCall/ -- Communication Intelligence Corporation (the "Company") (OTC Bulletin Board: CICI), a leading supplier of electronic signature solutions for business process automation in the financial industry and the recognized leader in biometric signature verification, announced today that it has closed a financing, on June 5, 2008, led by Phoenix Venture Fund LLC (the "Investor").

As part of the financing, the Company borrowed a total of $3,637,500 million (the "Loan") from the Investor, which is a major shareholder of the Company, and two individuals (the "Additional Lenders"). The Company received net proceeds of $2,675,000 after financing related expenses of $325,000 and refinancing $600,000 of debt previously issued to the Additional Lenders, as well as an additional $37,500 in accrued and unpaid interest on such $600,000 through May 31, 2008 at 15% per annum. The Loan, which is secured by the assets of the Company and its subsidiary, CIC Acquisition Corp., bears interest at 8% per annum, payable quarterly in arrears in cash or in kind at the Company's option, and matures June 5, 2010. The Company also issued to the Investor and the Additional Lenders warrants to purchase 25,982,143 shares of the Company's common stock, which are exercisable at $0.14 per share at any time after the Company secures approval from its stockholders to increase the number of authorized shares of common stock (which approval is expected to be secured at the Company's upcoming annual meeting of stockholders to be held on June 30, 2008), until June 30, 2011.

Contemporaneously with the closing of the Loan, the Company also issued 1,040,000 shares of Convertible Preferred Stock (the "Preferred Shares") in exchange for the cancellation of $995,000 of existing debt, as well as an additional $45,000 in accrued and unpaid interest thereon, held by several lenders, including one of the Additional Lenders and several entities rel
'/>"/>

SOURCE Communication Intelligence Corporation
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related biology news :

1. MXI Security and Communication Intelligence Corporation Team up to Deliver the First Green Portable Security Solution for Financial Institutions
2. Turning on cell-cell communication wipes out staph biofilms
3. Communication Intelligence Corporation Reports Fourth Quarter and Fiscal 2007 Results
4. Scripps research team blocks bacterial communication system to prevent deadly staph infections
5. 2 French scientists win European award for communication
6. Springer book wins Quality of Communication Award
7. Communication Intelligence Corporation Reports Second Quarter 2007 Financial Results
8. A private bandwidth for communication in bats: Evidence from insular horseshoe bats
9. M2SYS Introduces Revolutionary Biometric Artificial Intelligence Technology to Significantly Reduce Fingerprint Software False Reject Rates
10. Humans and monkeys share Machiavellian intelligence
11. Genetic contributions to human brain morphology and intelligence
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/19/2014)... , Dec. 18, 2014 Research and Markets ... of the "Micro Market Monitor: North America Perimeter ... http://photos.prnewswire.com/prnh/20130307/600769 The ... at a CAGR of 3.6% from 2014 to 2019. ... this market, Canada is expected ...
(Date:12/17/2014)... Dec. 15, 2014  HITLAB SM announced ... (GCP) audit to confirm its adherence to current ... accomplishment enables HITLAB to conduct regulated smart device ... principles for patient safety and research quality. ... access, quality, and delivery with innovative technology," said ...
(Date:12/11/2014)... Dec. 09, 2014 Research and Markets ... ( http://www.researchandmarkets.com/research/twhjll/biometrics_market ) has announced the ... APAC Region 2015-2019"  report to their offering. ... market is advances in technology. With continuous advances ... solutions to the latest standard that meets the ...
Breaking Biology News(10 mins):Micro Market Monitor: North America Perimeter Security Systems Market (Intrusion Detection Sensor, Video Surveillance, Communication/Alarm and Notification, Access Control System) 2Micro Market Monitor: North America Perimeter Security Systems Market (Intrusion Detection Sensor, Video Surveillance, Communication/Alarm and Notification, Access Control System) 3HITLAB Completes GCP Audit for FDA Smart Device & App Compliance 2Biometrics Market in the APAC Region 2015-2019: Key Vendors are 3M Cogent, NEC, Safran and Suprema 2
... albicans is one of the leading causes of ... both developing candidiasis and the clinical outcome of infection ... contribute to patient susceptibility to C. albicans ... Journal of Clinical Investigation , Michail Lionakis and ...
... An improved and expanded nomenclature for genetic sequences is introduced ... taxonomic identification of the source specimens. This nomenclature is an ... reluctant to adopt because of the use of the "type" ... open access journal Zookeys . The ...
... component of senile plaques in Alzheimer,s disease, has ... impairment. Recently, studies have shown that the pathogenesis ... disease. According to a study, administration of ... and memory and neuronal cell death in the ...
Cached Biology News:GenSeq: Updated nomenclature for genetic sequences to solve taxonomic determination issues 2
(Date:12/19/2014)... Reports from CDC show approximately 117 ... or more chronic health conditions - including cardiovascular disease, ... of these diseases, but may not eliminate the severe ... implanted nerve stimulation devices today offer relief, they require ... induce side effects. , To eliminate the need ...
(Date:12/19/2014)...  Decision Resources Group finds that the ... moderately through 2023 as the aging population, increasing adoption ... biomaterials all spur procedure volumes. Growth will be particularly ... and India , where ... for a larger proportion of the population. ...
(Date:12/17/2014)... (PRWEB) December 17, 2014 Based ... the overall surgical imaging market is dominated by ... the surgical imaging market. These players include GE ... Ziehm Imaging (Germany). , Full Report Copy ... of GE Healthcare can be attributed to its ...
(Date:12/17/2014)... (PRWEB) December 17, 2014 This ... Global Quartz Tubing industry. For an overview analysis, ... classification, application, industry chain structure, industry overview, policy ... quartz tubing industry has witnessed rapid development ... number of acquisitions. This report mentions quartz tubing ...
Breaking Biology Technology:Draper Wins GSK Funding for Smaller, Smarter Implantable Devices 2Asia Pacific Dental Biomaterial Market Will Grow Strongly Through 2023 2Asia Pacific Dental Biomaterial Market Will Grow Strongly Through 2023 3Global Refurbished Surgical Imaging Market by Product & Application is Estimated to Reach $1.25 Billion by 2019 - New Research Report by MarketsandMarkets 2Global Refurbished Surgical Imaging Market by Product & Application is Estimated to Reach $1.25 Billion by 2019 - New Research Report by MarketsandMarkets 3Global Refurbished Surgical Imaging Market by Product & Application is Estimated to Reach $1.25 Billion by 2019 - New Research Report by MarketsandMarkets 42020 Quartz Tubing Market: Global Development & Forecasts Analysis Now at DeepResearchReports.com 2
... , ... Feb. 9 Reportlinker.com announces that a new ... The Clinical Laboratory Services Market (Growth Opportunities, ... http://www.reportlinker.com/p0176223/The-Clinical-Laboratory-Services-Market-Growth-Opportunities-Competitive-Analysis-and-Competitor-Profiles.html , Clinical laboratories are an essential part ...
... , SAN ... www.endpointclinical.com ), a leader in Integrated Voice Response (IVR)/Integrated Web ... platform that allows users to design and deploy clinical trial ... development time of clinical trials. This time and cost savings ...
... , , , , , ... 9 /PRNewswire-Asia-FirstCall/ -- Tianyin,Pharmaceutical Co., Inc., (NYSE Amex: ... ("TCM") and Western Pharmaceuticals,based in Chengdu, China , today ... to Reform of Pricing Mechanism of Medicine,and Medical Services by ...
Cached Biology Technology:Reportlinker Adds the Clinical Laboratory Services Market (Growth Opportunities, Competitive Analysis and Competitor Profiles) 2Reportlinker Adds the Clinical Laboratory Services Market (Growth Opportunities, Competitive Analysis and Competitor Profiles) 3Reportlinker Adds the Clinical Laboratory Services Market (Growth Opportunities, Competitive Analysis and Competitor Profiles) 4Reportlinker Adds the Clinical Laboratory Services Market (Growth Opportunities, Competitive Analysis and Competitor Profiles) 5Reportlinker Adds the Clinical Laboratory Services Market (Growth Opportunities, Competitive Analysis and Competitor Profiles) 6Reportlinker Adds the Clinical Laboratory Services Market (Growth Opportunities, Competitive Analysis and Competitor Profiles) 7Reportlinker Adds the Clinical Laboratory Services Market (Growth Opportunities, Competitive Analysis and Competitor Profiles) 8Reportlinker Adds the Clinical Laboratory Services Market (Growth Opportunities, Competitive Analysis and Competitor Profiles) 9Reportlinker Adds the Clinical Laboratory Services Market (Growth Opportunities, Competitive Analysis and Competitor Profiles) 10endpoint Saves Money and Time for Medical Research Teams Through PULSE 2endpoint Saves Money and Time for Medical Research Teams Through PULSE 3Tianyin Pharmaceutical Co., Inc. Expects to Benefit from the Recently Published Guide to Pricing Reform for Medicine and Medical Services 2Tianyin Pharmaceutical Co., Inc. Expects to Benefit from the Recently Published Guide to Pricing Reform for Medicine and Medical Services 3
... slides were designed to study protein expression patterns ... Tissue slices from three different species are ... be treated as a single histological slide for ... hybridization. This format allows a rapid analysis ...
... Gene Pulser Xcell microbial system, 100 ... used for electroporation of bacterial and ... main unit, PC module for exponential ... sterile cuvettes (5 each of 0.1 ...
... Soybean-Casein Digest Medium (TSB), USP is ... recommended for general laboratory use. Due to ... Peptone, the medium will support growth of ... serum, etc. , Product conforms to United ...
... (MSTA) slides were designed to study protein expression ... species. Tissue slices from three different species ... then be treated as a single histological slide ... hybridization. This format allows a rapid ...
Biology Products: