AppOnline completes private placement.AppOnline.com, Inc., a last-growing Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the mortgage company, today announced that is has completed the private placement of 4,000 shares of Convertible Preferred Stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". to Excalibur Excalibur (ĕkskăl`ĭbər), in Arthurian legend, sword given to King Arthur by the Lady of the Lake. At Arthur's death Sir Bedivere threw Excalibur into the lake; a hand rose from the water, caught the sword, and disappeared. Limited Partnership and B.H. Capital, a division of Reichmann Reichmann is a German surname and may refer to:
In addition to general corporate purposes, the Company intends to use the proceeds towards the continued expansion of its online business. Edward Capuano, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AppOnline.com, Inc., said, "Reichmann is a world-renowned name in real estate and investing circles and has been a wonderful partner for us as we've expanded our online business. We are pleased to see they remain committed to our strategy and have provided us with additional capital to fund our initiatives moving forward." |
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