eDispatch.com announces 78% of warrants exercised
VANCOUVER, June 8 /CNW/ - eDispatch.com Wireless Data Inc. (VSE: EWD) is
pleased to announce that it has received $668,571 from the exercise of common
share purchase warrants and has issued 835,714 common shares accordingly.
Of the 1,071,429 warrants outstanding, 835,714,or 78%, were exercised.
The warrants were part of the distribution on June 1, 1998, of 1,071,429 Units
at a price of $0.70 per Unit. Each Unit consisted of one common share and one
common share purchase warrant. Each common share purchase warrant entitled the
holder to purchase one common share at a price of $0.80.
Brian Ellis, President & CEO of eDispatch.com stated, ''We are extremely
pleased with the response from our investors. These additional funds will
enable our company to pursue aggressively its sales and marketing initiatives
with the wireless carriers and establish an eDispatch.com Value Added Reseller
program in North America.''
About eDispatch.com
eDispatch.com, a Wireless Internet Dispatch solution, offers a
breakthrough in realtime operations management: a simple way for
cost-conscious fleet users to receive the significant operational benefits
from the powerful combination of computer automated dispatching, wireless data
and the Internet.
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For further information: Brian Ellis (604) 320-2111,
bellis@edispatch.com |
