biz.yahoo.com
Thursday December 30, 8:01 am Eastern Time
Company Press Release
C3D Inc. Receives $1.6 Million From a
Private Investment Group
NEW YORK--(BUSINESS WIRE)--Dec. 30, 1999-- C3D Inc. (OTC Bulletin Board: CDDDE -
news; ``C3D' or the ``Company') announced today that it has received one million six hundred
thousand ($1,600,000) dollars from Winburn Advisory, a private investment group, in exchange
for the issuance of the Company's 8% Series C Convertible Note. The Note matures on October
31, 2001 and is convertible into shares of its Common Stock at a conversion price of the greater
of (a) the market price at the time of conversion, or (b) $50 per share.
Eugene Levich, the Company's President and CEO stated that he ``was gratified that the
Company's technology was beginning to be recognized by the investment community for its
potential future and current value.'
C3D (www.c-3d.net) has offices in New York, Florida and California, and laboratories in
Israel and Russia. Research is conducted by an internationally renowned team of scientists that
currently holds over 40 international patents and patent applications in the field of optical data
storage.
Statements contained in the news release that are not historical facts are forward-looking
statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are subject to risks and uncertainties, which may cause actual
results to differ materially from expected results.
THE SEC AND NASD HAVE NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contact:
Media/Broker Inquiries:
C3D, Inc.
Executive Office:
Telephone: 212/983-1107
or
Investor Inquiries:
C3D, Inc.
Patrick Maloney
Business Development Manager
pmaloney@c-3d.net |
