Q Comm International Completes Private Placement of $500,000 of Common Stock

Wednesday 12 January 2005 00:08 CET | News

Q Comm International, a provider of prepaid transaction processing, privately placed 100,000 newly issued shares of its common stock at $5.00 per share to an existing shareholder, generating gross proceeds to Q Comm of $500,000.

The common stock issued in the private placement has not been registered under the Securities Act of 1933 or applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Q Comm has agreed to file a registration statement covering resales of the shares issued in this transaction.

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Keywords: ,
Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce