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Non-Tech : ThermaCell Technologies (VCLL) -- Ignore unavailable to you. Want to Upgrade?


To: KLAW97 who wrote (132)3/9/1999 12:15:00 PM
From: Joe Griffin  Read Replies (1) | Respond to of 164
 
ThermaCell Retires Convertible Debt Issue

SARASOTA, Fla., March 9 /PRNewswire/ -- ThermaCell Technologies, Inc. (Nasdaq: VCLL - news, VCLLW - news) has retired a February 1998 debt issue of $1.5 million 8% Series B convertible Preferred Stock privately placed with Thomson Kernaghan & Co. with no remaining shares related to the issue outstanding and no additional shares issued. John Pidorenko, Chairman, President and CEO of ThermaCell,said,''Retirement of this issue alleviates any further dilution and strengthens the position of our stockholders.''

CONTACT: Gary Fishman or Kimberly Boshara, 212-889-1727, for ThermaCell Technologies.

SOURCE: ThermaCell Technologies, Inc.