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:4/25/2017)... ... April 25, 2017 , ... As President ... are preparing for how his administration could impact the employee benefits industry. James ... changes are most likely to make it through Congress. His discussion will focus ...
(Date:4/25/2017)... ... April 25, 2017 , ... ... on contracted partners to help with process innovation in drug formulation and manufacturing. ... experience along with state-of-the-art analytical equipment in support of their development and manufacturing ...
(Date:4/25/2017)... ... April 25, 2017 , ... Somnoware, a leading provider ... care management module. Using this new feature, sleep physicians can now predict the ... continuous positive airway pressure (CPAP), oral, or other forms of sleep apnea therapy. ...
(Date:4/24/2017)... ... 2017 , ... Emmanuel College is introducing enhancements to its ... in the fall of 2017, Emmanuel’s program will allow registered nurses (RN)s to earn ... and for as little as $14,528. These changes will enable nurses to complete their ...
(Date:4/24/2017)... ... April 24, 2017 , ... As part of the nationwide Days of Remembrance ... of the Holocaust and Nazi persecution, Center for Medicine after the Holocaust (CMATH) ... CMATH Champions trip to Germany and Poland next week. , The Fourth Biennial CMATH ...
Breaking Medicine News(10 mins):
(Date:4/20/2017)... , April 20, 2017 NeuroVive Pharmaceutical ... today announced positive preclinical results demonstrating anti-fibrotic ... for non-alcoholic steatohepatitis (NASH), in an additional ... NV556 has previously shown similar anti-fibrotic ... Today, NeuroVive,s scientists present novel data demonstrating ...
(Date:4/19/2017)... NEW YORK , April 19, 2017 Cardiology ... during the projected period The Cardiology Devices segment ... more than US$ 15 Mn in 2018 over 2017. By ... reach a market valuation close to US$ 700 Mn, expanding ... Cardiology Devices segment dominated the Asia Pacific ...
(Date:4/19/2017)... -- Global Surgical Drainage Device Market: Overview ... excess liquid and air. The fluid to be drained ... Surgical drains are used in a wide variety of ... surgery, neurosurgery, plastic surgery etc. Common use of surgical ... fluid e.g. blood or pus. Surgical drains are available ...
Breaking Medicine Technology: