| An SI Board Since October 2004 |
| Posts |
SubjectMarks |
Bans |
Symbol |
| 324 |
6 |
0
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ICEN |
| Emcee:
cmg
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Type:
Unmoderated
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BOULDER, Colo., Oct. 28 /PRNewswire-FirstCall/ -- Front Porch Digital, Inc. (OTC Bulletin Board: FPDI - News) today announced that it changed its name to Incentra Solutions Inc. (www.incentrasolutions.com) on October 25, 2004, and that, effective at the opening of trading on Friday, October 29, 2004, the Company's Over the Counter Bulletin Board trading symbol will change to "ICEN." On October 27, 2004, the Company also received a new CUSIP identification number (#45326F108) for its common stock.
Chairman and CEO, Thomas P. Sweeney, commented, "The Company changed its name to better reflect the recently combined businesses of Front Porch and ManagedStorage International. We believe we are now well positioned to accelerate penetration of existing markets and to expand into related markets." To support this strategy, the Company announced that it has amended its funding agreement with Laurus Funds to release to the Company approximately $3 million of previously restricted funds for general corporate use.
The Company will maintain its divisional brands in Front Porch Digital Broadcast & Media Services and ManagedStorage International (MSI). Sweeney remains Chairman and CEO of Incentra Solutions, Inc. and President of ManagedStorage International. Michael Knaisch continues to serve as President of the Front Porch Digital Broadcast & Media Services group.
Holders of common stock certificates that desire to exchange their certificates for certificates that have the new corporate name and CUSIP number may do so by mailing the certificates to the Company's transfer agent, Interwest Transfer Company, Inc., at 1981 East Murray Holladay Road, Suite 100, P.O. Box 17136, Salt Lake City, UT 84117 to the attention of Catherine Leaututu. Holders of common stock in brokerage accounts should contact their stockbrokers. Any costs associated with the exchange will be the responsibility of the shareholder.
About Incentra Solutions, Inc.
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