Navigation Links
MB Software Corporation Reaches Agreement with Keystone Equity Partners
Date:12/28/2007

FORT WORTH, Texas, Dec. 28 /PRNewswire-FirstCall/ -- MB Software Corporation (OTC Bulletin Board: MBSB) announced today that it has reached an agreement with Keystone Equity Partners to issue 490.196 shares of its Series A Convertible Preferred Stock in exchange for the cancellation of approximately $1,500,000 in debt. The debt was recently acquired by Keystone from HEB LLC and its affiliates. The preferred stock will automatically convert into an aggregate of 2,500,000 shares of common stock upon the filing by MB Software of an amendment to its Articles of Incorporation increasing its authorized number of shares of common stock from 20,000,000 to 100,000,000, and participate with the common stock, on an as converted basis, with respect to dividends and liquidation, and votes together with the common stock as a single class, as if such shares of preferred stock had been converted.

"This transaction will result in a huge improvement to our balance sheet by eliminating the majority of all our debt. More importantly, however, the consummation of this transaction will better position MB Software to raise additional funding to continue expanding our operations and implementing our business plan, in the healthcare market," stated Scott A. Haire, the Chief Executive Officer of MBSC.

This press release contains forward-looking statements that are subject to risks and uncertainties. Any statements that are not statements of historical fact (including without limitation statements to the effect that the Company or its management "believes," "expects," "anticipates," "plans" and similar expressions) should be considered forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, uncertainties related to demand for the company's services; costs of operation; changes in laws or regulations or in their interpretation; technological changes; economic conditions and other risks described from time to time in the Company's filings with the Securities and Exchange Commission.


'/>"/>
SOURCE MB Software Corporation
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Blood-flow detector software show promise in preventing brain damage
2. Additional Top Tier Institutions Implement Mediwares HCLL(TM) Transfusion Management Software
3. NAMSA Deploys TrackWise Software as its Quality Management System
4. Imaging Software Helps Track, Treat Injured Brains
5. PreViser Launches New Website and Enhanced Version of Its Oral Disease and Risk Assessment Software
6. Pharsight to Host European Software Conference
7. NIH/NCI renews and extends nationwide license for Genomatix software and databases
8. New Software Program Helps Breast Cancer Survivors and Patients Fight Chemofog
9. Siemens Medical Solutions Diagnostics Announces the Release of the Rapidlab 1200 Series Version 2.0 Software
10. Texas Childrens Hospital Selects Hyland Softwares OnBase to Complete Electronic Medical Records Initiative
11. Four Rivers Software Systems, Inc. Announces the Promotion of Samantha Rouse to Senior Vice President of Product and Services
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... Ellevate Network, the leading network for professional women, ... towards gender equality at their inaugural Summit in New York City in June. The ... social audience of over 3 million. To watch the Mobilize Women video, click ...
(Date:10/13/2017)... ... October 13, 2017 , ... “The Journey: From the Mountains to the Mission ... lost souls in the Philippines. “The Journey: From the Mountains to the Mission Field” ... the Bible. She has taught all ages and currently teaches a class of ladies ...
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... ... products to meet the demand of today’s consumer and regulatory authorities worldwide. From ... probiotic experts and tested to meet the highest standard. , These products ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... has recently contributed a medical article to the newly revamped Cosmetic Town ... article spotlights the hair transplant procedure known as Follicular Unit Extraction ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... nation's first interactive health literacy software tool, and the Cancer Patient Education Network ... cancer patient education, today announce a new strategic alliance. , As CPEN’s ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... 2017 Diplomat Pharmacy, Inc. (NYSE: ... Consulting, LLC , and named its founder as Diplomat,s ... Tennessee , will operate under Diplomat ... service offerings for health care partners to include IT ... "In an interoperable world, technology delivers comprehensive ...
(Date:10/2/2017)... , Oct. 2, 2017 The Rebound mobile ... the struggle to reverse the tide of prescription drug addiction. ... regulating their medicine intake and stepping down their dosage in ... to launch in December 2017; the first 100,000 people to ... more at http://www.rebound-solution.com/ ...
(Date:9/27/2017)... NEW YORK , Sept. 27, 2017  DarioHealth Corp. ... big data solutions, today announced that its MyDario product is expected to ... TV listings for when The Dr. Oz Show airs in your area: ... The nine-time Emmy award-winning, ... ...
Breaking Medicine Technology: