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:11/27/2015)... ... November 27, 2015 , ... A simply groundbreaking television series, "Voices in ... that delves into an array of issues that are presently affecting Americans. Dedicated to ... dialogue, this show is changing the subjects consumers focus on, one episode at a ...
(Date:11/27/2015)... ... November 27, 2015 , ... The men ... prominent nonprofit healthcare organizations in the country. They have overseen financial turnarounds, shown ... helped advance the healthcare industry as a whole through their advocacy and professional ...
(Date:11/26/2015)... ... November 26, 2015 , ... Patients ... central Michigan, have come together on Thanksgiving Day to share the things that ... viewing on the Serenity Point YouTube channel, patients displayed what they wrote on ...
(Date:11/26/2015)... , ... November 26, 2015 , ... ... workshops to discuss bioavailability and the need to integrate dose form selection in ... collaboration with OBN, the membership organization supporting and bringing together the UK’s emerging ...
(Date:11/26/2015)... ... November 26, 2015 , ... ... retro-fused, self-animating trailer titles with ProTrailer: Vintage. This newly styled ProTrailer pack comes ... titles work with any font, giving users limitless opportunities to stylize and create ...
Breaking Medicine News(10 mins):
(Date:11/27/2015)... -- --> --> ... potential to save costs, improve treatment quality and accelerate ... exploited as yet. Here, particular emphasis is placed on ... tablet or directly at the patients, bedside. ... -->      (Photo: ) ...
(Date:11/27/2015)... -- Research and Markets ( ) has announced ... 2015-2019" report to their offering. ... the author the present scenario and growth prospects of ... the market size, the report considers revenue generated from ... and copper IUDs. The report forecasts the global intrauterine ...
(Date:11/26/2015)... 26, 2015 Un nuevo enfoque ... para el cáncer avanzado.   --> ... fotodinámica de Bremachlorin para el cáncer avanzado.   ... inmunoterapia con la terapia fotodinámica de Bremachlorin para el ... . --> Clinical Cancer Research . ...
Breaking Medicine Technology: