Navigation Links
bioMETRX, Inc. Calls Series B Warrants
Date:9/3/2007

Institutional Investors Convert Debentures to Equity

JERICHO, N.Y., Aug. 15 /PRNewswire-FirstCall/ -- bioMETRX, Inc. (OTC Bulletin Board: BMRX), a leading developer and supplier of consumer biometric products, today announced that it is has provided notice to certain holders of its Series B common stock warrants that such holders must surrender said warrants to the company by August 25, 2007.

The Company notified holders of 375,000 series B $0.10 warrants that it has elected to pay such holders $0.12 per share, pursuant to the warrant documents by providing contractual 10 days written notice of said action. The Company has fixed the call date of such warrants as of August 15, 2007. The warrant holders so notified must return the series B warrants by August 25, 2007 to receive payment. The holders so notified do not have the right to exercise the series B warrants after the call date.

The company also announced that in connection with previous financings totaling $3,100,000, that $1,175,000 of that debt has been converted to equity by such holders.

About bioMETRX, Inc.

bioMETRX, Inc. designs, develops and markets biometrics-based products to the consumer, market under the common brand name - smartTOUCH(TM); bioMETRX Technologies, Inc. designs and engineers biometrics-based products for the home security and consumer electronics markets; smartTOUCH Consumer Products, Inc. tests and markets the company's biometrically secured products

For more information on bioMETRX and/or the company's smartTOUCH line of products including the Garage Door Opener, visit the Company website at http://www.biometrx.net

Safe Harbor Statement: This release may contain certain forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release with respect to bioMETRX's business, financial condition or results of operations, as well as matters of timing and the prospective terms of any transaction described are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond bioMETRX's control with respect to market acceptance of their technology and/or products, whether financing will be available, the effect of the application of acquisition accounting policies as well as certain other risk factors which are and may be detailed from time to time in bioMETRX's filings with the Securities and Exchange Commission.


'/>"/>
SOURCE bioMETRX, Inc.
Copyright©2007 PR Newswire.
All rights reserved

Related biology news :

1. NIH Calls on Scientists to Speed Public Release of Research Publications
2. Report calls for improved monoclonal antibodies against solid tumors
3. Johns Hopkins flu expert calls for mandatory vaccination of health care workers
4. Empty nester parent birds use recruitment calls to extend offspring care
5. Male reindeer inflate a large air sac in the neck region to emit their hoarse rutting calls
6. FDA Announces Series of Changes to the Class of Marketed Non-Steroidal Anti-Inflammatory Drugs (NSAIDs)
7. Mercury contamination of fish warrants worldwide public warning
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/16/2016)...   IdentyTechSolutions America LLC , a leading ... and a cutting-edge manufacturer of software and hardware ... seamless, integrated solutions that comprise IDT biometric readers ... provide IdentyTech,s customers with combined physical identification and ... and theft. "We are proud to ...
(Date:12/16/2016)... NEW YORK , Dec. 16, 2016 The global ... reach USD 12.14 billion by 2021 from USD 5.31 billion in ... ... market is mainly driven by technological advancements in medical devices, launch ... devices, rising preference for wireless connectivity among healthcare providers, and increasing ...
(Date:12/15/2016)... 15, 2016   WaferGen Bio-systems, Inc. (NASDAQ: ... company, announced today that on December 13, 2016, it ... The Nasdaq Stock Market LLC which acknowledged that, as ... WaferGen,s common stock had been at $1.00 or greater ... compliance with Listing Rule 5550(a)(2) of the Nasdaq Stock ...
Breaking Biology News(10 mins):
(Date:1/24/2017)... ... January 24, 2017 , ... ZeptoMetrix Corporation and ... panels with standard concentrations of histidine rich protein 2 (HRP2). , The ... concentrations from six different malaria strains, are intended for use by researchers and ...
(Date:1/24/2017)... ... January 23, 2017 , ... The ... through unique partnerships, seeks outstanding early career nominees for the 2017 New Innovator ... meeting the needs of a world in which one in nine people suffers ...
(Date:1/24/2017)... CORAL GABLES, Fla. , Jan. 23, 2017 ... interdisciplinary network focused on scientific discovery and solutions, ... is creating the Frost Institutes for Science and ... technology, engineering, and mathematics (STEM) to help solve ... University of Miami President Julio Frenk ...
(Date:1/24/2017)... , Jan. 23, 2017  Today, the Fisher ... they have funded an important study that could lead ... the onset of Alzheimer,s disease. This groundbreaking research was ... University, led by Nobel Laureate Dr. Paul Greengard ... Alzheimer,s disease. Fisher Center scientists have linked ...
Breaking Biology Technology: