JIM:
FIVE: Is up 15% on volume of 96,900
They announced a recent financing:
WOODBURY, N.Y., May 30 /PRNewswire/ -- 5B Technologies Corporation (Nasdaq: FIVE - news), announced today that the Company has closed two loan facilities totaling $5,000,000, with the Connecticut Bank of Commerce (OTC Bulletin Board: CTCB - news).
The financing package includes a $3,500,000 working capital facility, as well as a $1,500,000 mezzanine debt facility that will be used for acquisitions and related strategic opportunities.
And they didn't loose any time announcing the acquisition:<g>
WOODBURY, N.Y., May 31 /PRNewswire/ -- 5B Technologies Corporation (Nasdaq: FIVE - news), a comprehensive business solutions provider, announced today that its Board of Directors and that of CeleXx Corporation (OTC Bulletin Board: CLXX - news), an information technologies products and service provider, have ratified the previously announced non-binding letter of intent by which 5B Technologies proposes to acquire all the outstanding shares of CeleXx. The transaction is subject to due diligence, the signing of definitive merger documents, shareholder approval, regulatory review, and other customary conditions.
At any rate it is up for a second day in a roll.<g>
siliconinvestor.com
RAGL
Bernard |
