"Flo, I'd call you a liar first... They only received a proposal and
you have no proof SFLK has accepted this PARTICULAR PROPOSAL... Wake up..."
F. Goelo + + +
'''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''
Convertible preferred, right on page 10 of IBDO's report.
"Management is also pursuing additional financing and has received a draft proposal for the sale of up to $3,000,000 of convertible preferred stock"
You owe me an apology Francois
Softlink, Inc. Receives $3 Million in Equity Financing
Business Wire - September 08, 1999 09:29
SANTA CLARA, Calif.--(BUSINESS WIRE)--Sept. 8, 1999--Softlink, Inc. (OTC BB:SFLK), the leader in multimedia email solutions, today announced it has received $3 million in equity financing to continue its growth in multimedia email solutions for the Internet era.
Softlink products, eMail inChorus(TM) and eMail VOICELink(TM) are changing the way people communicate through email, making it possible to easily compose, send and deliver highly compressed multimedia-rich messages.
This latest round of funding is shared by Deephaven Capital Management, a Minneapolis-based $350 million investment management group affiliated with Arbitrade Holdings LLC (www.arbitrade.com/), and Hornblower Investors LLC, an investment fund managed by WEC Asset Management LLC, a New York-based investment management group.
"Softlink is one of the leaders in providing innovative software for email communication," said Bruce Lieberman, portfolio manager with Deephaven Capital Management. "Email has become a standard form of communication for personal and professional use. Softlink is raising the standard of text-based email to multimedia-rich email. We're very pleased to be involved in this visionary development."
"This latest round of funding enables Softlink to continue its leadership in the multimedia email market by quickly bringing the best products to corporate users and consumers," said William Yuan, CEO of Softlink. "The investment strengthens Softlink's position for rapid market expansion and growth."
About Deephaven Capital Management
Deephaven Capital Management ("Deephaven") links the proprietary investment management and trading experience of Arbitrade's principals to outside investors through a family of hedge funds (the "Deephaven Funds"), including the Deephaven Market Neutral Funds (formerly KA Holdings and KA Trading) and the Deephaven Opportunity Funds (formerly KAE Opportunity Funds). Deephaven is headquartered in Minneapolis and has satellite offices in London and New York.
About WEC Asset Management
Based in New York City, WEC Asset Management manages investment in privately placed securities of public companies, through various investment funds.
About Softlink, Inc.
Founded in 1996, Softlink, Inc. is an innovator in multimedia-based Internet communications. Using proprietary compression and composition technology, Softlink's eMail inChorus and eMail VOICELink products revolutionize conventional text-based email with voice, graphics, pictures, animation, and live annotation.
The company is publicly traded, OTCBB:SFLK, and maintains headquarters in Santa Clara, Calif. For more information visit the company web site at www.inChorus.com. For Investor Relations, please contact Gerard Damaro at 561/367-0363.
Note to Editors: eMail inChorus and eMail VOICELink are trademarks of Softlink, Inc. All other trademarks are the property of their respective owners and are acknowledged.
Information contained in this press release contains "forward-looking statements" which can be identified by the use of forward-looking terminology. Various risk factors could cause actual results to vary materially from the future results covered in such forward-looking statements, including, but not limited to, the impact of competitive products and pricing, the management of Softlink's growth and the timely development, delivery and acceptance of new products. These forward-looking statements represent Softlink's judgment as of the date of this release. Softlink disclaims, however, any intent or obligation to update these forward-looking statements.
CONTACT: Softlink, Inc., Santa Clara
Lauren deVries, 408/496-6668
ldevries@inChorus.com
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