4FRONT SOFTWARE INTERNATIONAL, INC. RAISES $450,000 IN EQUITY PRIVATE PLACEMENT.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Calif.--(BUSINESS WIRE)--Nov. 27, 1995--4Front Software International, Inc. (Nasdaq Bulletin Board Symbol: FFST FFST First Failure Support Technology FFST Fat Free Soft Tissue FFST Full and Flat Square Tube (Cathode Ray Tube design) ) today announced it closed an equity private placement with a single corporate investor Noun 1. corporate investor - a company that invests in (acquires control of) other companies company - an institution created to conduct business; "he only invests in large well-established companies"; "he started the company in his garage" for total consideration of $450,000. The placement consists of 100,000 shares of 4Front common stock at a price of $4.50 and further incentive in the form of 100,000 4Front common stock warrants initially not exercisable for one year and, thereafter, exercisable for five years at a price of $7.50. The Company said proceeds from the placement will primarily be used for additional working capital purposes. 4Front Software International, Inc. is a UK-based computer services Data processing (timesharing, batch processing), software development and consulting services. See service bureau, SaaS and ASP. company providing a wide range of leading-edge specialized business solutions and services to primarily Financial Times UK Top 500 companies and government authorities. Through its four operating subsidiaries, the Company provides key elements of distributed computing, including high-end systems development and integration, storage and client-server solutions and products, as well as extensive hardware and software support. The Company's customers include National Westminister Bank PLC, British Aerospace PLC, Oracle Corporation, British Telecom PLC, Morgan Stanley UK, Royal Dutch/Shell Group, Cambridge University and the British Ministry of Defense. CONTACT: 4Front Software International Inc., Los Angeles Mark Ellis or Ken Newell 011/44-1923-816266 or Lippert/Heilshorn & Associates Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Investor Relations Investor relations The process by which the corporation communicates with its investors. Contact: John Nesbett, ext. 101 Jason Thompson, ext. 124 212/838-3777 |
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