Navigation Links
MB Software Corporation Reaches Agreement with Keystone Equity Partners

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:
(Date:6/27/2016)... , ... June 27, 2016 , ... "FCPX editors can ... inside of Final Cut Pro X," said Christina Austin - CEO of Pixel Film ... Final Cut Pro X users can now reveal the media of their ...
(Date:6/27/2016)... Brooklyn, NY (PRWEB) , ... June 27, 2016 ... ... is using cutting edge technology to revolutionize the emergency ambulance transport experience for ... Many are aware of how Uber has disrupted the taxi industry through the ...
(Date:6/26/2016)... ... 26, 2016 , ... On June 10-11, 2016, A Forever Recovery, a holistic ... World’s Longest Breakfast Table in Battle Creek, MI, where the rehabilitation facility is located. ... some of the world’s leading providers of cereal and other breakfast foods. Its residents ...
(Date:6/26/2016)... ... 2016 , ... Brent Kasmer, a legally blind and certified personal trainer is helping to develop ... The fitness app plans to fix the two major problems leading the fitness industry today:, ... all type program , They don’t eliminate all the reasons people quit their ...
(Date:6/25/2016)... ... June 25, 2016 , ... Austin residents seeking Mohs surgery services, can ... Surgery and to Dr. Russell Peckham for medical and surgical dermatology. , Dr. Dorsey ... cancer. The selective fellowship in Mohs Micrographic Surgery completed by Dr. Dorsey was under ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... Roche (SIX: RO, ROG; OTCQX: RHHBY) announced that it ... (procalcitonin) assay as a dedicated testing solution for people ... Roche is the first IVD company in the U.S ... assessment and management. PCT is a sepsis-specific ... blood can aid clinicians in assessing the risk of ...
(Date:6/23/2016)... , , , WHEN: ... , , , , LOCATION: , , , Online, with ... , EXPERT PANELISTS:  , , , Frost & Sullivan,s Global Vice ... Senior Industry Analyst, Divyaa Ravishankar and Unmesh Lal, Program Manager , ... industry is witnessing an exceptional era. Several new demand spaces, such ...
(Date:6/23/2016)... 2016 The vast majority of dialysis patients ... Treatments are usually 3 times a week, with treatment ... travel time, equipment preparation and wait time.  This regimen ... for patients who are elderly and frail.  Many elderly ... rehabilitation centers for some duration of time. ...
Breaking Medicine Technology: