SEDONA Corporation's CEO, Larry Osterwise Increases His Investment in the Company
LIMERICK, Penn.--(BUSINESS WIRE)--Aug. 26, 1999--SEDONA Corporation (NASDAQ: SDNA), today announced that its CEO, Laurence L. Osterwise, was a $200,000 participant in the investment announced yesterday which resulted in fully funding the repurchase of its Series E Convertible Preferred Stock.
Laurence L. Osterwise, President and CEO of SEDONA Corporation, said that, "While I am only a part of this $2.76 million investment in SEDONA, I believe that my participation in this transaction continues the pattern that I had already established with my compensation being entirely in SEDONA Corporation common stock warrants. These two actions together demonstrate my confidence in our business plan, and keep my interests aligned with our shareholders." |
