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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: afrayem onigwecher who wrote (92108)	8/9/2005 12:48:50 AM
From: peter michaelson	Respond to of 122087

SAN ANTONIO, Aug 08, 2005 (BUSINESS WIRE) -- MDI, Inc. ("the Company") (MDII), a recognized leader in delivering open integrated access control, alarm management and video security solutions, today announced the completion of a stock purchase agreement with a consortium of private institutions to sell 2,900,000 shares of the Company's common stock at a price of $1.40 per share for a total capital investment of $4,000,000. Under the terms of the agreement, the Company will grant to the private institutions warrants to purchase an aggregate of 1,450,000 shares of the Company's common stock at a strike price of $3.14 per share.