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:8/17/2017)... ... 2017 , ... Pot Valet is a leading provider of premium medical-grade cannabis ... state, and soon, every state in the country, the company offers patients safe, legal, ... altogether. , According to Pot Valet, all California patients have the legal ...
(Date:8/17/2017)... ... August 17, 2017 , ... Finalists ... international competition, were announced today. The awards recognize the world’s best employers and ... to create and drive great places to work. , A diverse group of ...
(Date:8/16/2017)... (PRWEB) , ... August 16, 2017 , ... The next ... now being accepted. , Students who successfully complete the seven-week long Patient Care ... Nurse Assistant (CNA). The average starting salary for a CNA in Kalamazoo is $24,428.* ...
(Date:8/16/2017)... ... August 16, 2017 , ... Ten outstanding teachers in the Greater ... Classroom and will win a visit by a Houston Texans player, two tickets to ... least five years old can visit texanschecking.com/stars to nominate their favorite teacher with an ...
(Date:8/16/2017)... ... 16, 2017 , ... In 1987, McDaniel & Durrett, P.C., ... business this year, and they’re marking the milestone by undertaking a significant office ... , It stands to reason that, given the central importance of gynecology ...
Breaking Medicine News(10 mins):
(Date:8/2/2017)... AURORA, Ore. , Aug. 2, 2017  Life Flight ... Call Agreement. The agreement improves patient care and operational efficiency ... Springfield , Cottage Grove ... ICU level medical transportation. PeaceHealth and Life Flight Network work ... care available during transport, or when a time sensitive emergency ...
(Date:7/31/2017)... , July 31, 2017 7D Surgical, developer of ... has purchased the 7D Surgical System to support its strategic ... Washington D.C. and Virginia.  7D Surgical has entered ... many of the premier medical facilities within those markets. ... ...
(Date:7/26/2017)... LOVELAND, Colo. , July 26, 2017 ... Tristan Guttridge and the Bimini SharkLab to custom design the ... diagnostic images of sharks in their native habitat. In ... for Discovery Channel,s Shark Week, Dr. Guttridge approached ... to take pregnancy diagnosis directly to hammerhead sharks underwater. ...
Breaking Medicine Technology: