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mad-max
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iBIZ Technology Corp. Reaches Settlement Agreements With All Convertible Debenture Holders
Thursday January 29, 5:53 pm ET


PHOENIX, Jan. 29 /PRNewswire-FirstCall/ -- iBIZ Technology Corp. (OTC Bulletin Board: IBZT - News), a leading manufacturer and distributor of accessories for personal digital assistants (PDA) and hand-held devices, has reached settlement agreements with The Laurus Master Fund, The NIR Group, Lites Trading and LH Financial to settle all remaining convertible debenture debt. The terms of the agreements will be disclosed in a Form 8K Filing.
Ken Schilling, President and Chief Executive Officer, commented, "Today is a monumental moment in the history of iBIZ Technology Corp. We can proudly look back on the last several years knowing we survived industry downturns and a depressed share price."

Schilling further commented, "Rebuilding our business has been a slow and arduous process; however, today iBIZ Technology Corp. is now well positioned to capitalize on our core strengths. Accordingly, with a capital structure which will not be impacted by dilution as a result of paying down debt with common stock, this is an exciting time for iBIZ and it's shareholders. We look now to the future with planned growth through increasing generic sales revenues with an exciting product offering, as well as adding revenue through acquisitions and mergers."


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mad-max
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looking for a double tomorrow

quote:
Originally posted by mad-max:
iBIZ Technology Corp. Reaches Settlement Agreements With All Convertible Debenture Holders
Thursday January 29, 5:53 pm ET


PHOENIX, Jan. 29 /PRNewswire-FirstCall/ -- iBIZ Technology Corp. (OTC Bulletin Board: IBZT - News), a leading manufacturer and distributor of accessories for personal digital assistants (PDA) and hand-held devices, has reached settlement agreements with The Laurus Master Fund, The NIR Group, Lites Trading and LH Financial to settle all remaining convertible debenture debt. The terms of the agreements will be disclosed in a Form 8K Filing.
Ken Schilling, President and Chief Executive Officer, commented, "Today is a monumental moment in the history of iBIZ Technology Corp. We can proudly look back on the last several years knowing we survived industry downturns and a depressed share price."

Schilling further commented, "Rebuilding our business has been a slow and arduous process; however, today iBIZ Technology Corp. is now well positioned to capitalize on our core strengths. Accordingly, with a capital structure which will not be impacted by dilution as a result of paying down debt with common stock, this is an exciting time for iBIZ and it's shareholders. We look now to the future with planned growth through increasing generic sales revenues with an exciting product offering, as well as adding revenue through acquisitions and mergers."



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brian1054
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Im new too this, when I look up IBZT it shows two symbols, IBZT.OB and IBZT.BE, I take it the second is on the berlin stock exchange which one are you guys talking about?
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IBZT.OB - Ibiz Technology.

Is the Penny Stock Play of the YEAR!

Will be in DOLLAR$ soon, very soon imo


Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003  |  IP: Logged | Report this post to a Moderator
   

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