CaminoSoft Arranges New Financing of Up to $1M.Business Editors WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Dec. 19, 2002 CaminoSoft Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CMSF CMSF Canadian Merit Scholarship Foundation CMSF Canada Millennium Scholarship Fund CMSF Chief of Mission Systems Flight CMSF Congregation of the Missionaries of St Francis ), an innovator in Intelligent Capacity Management(TM), enterprise data migration and retrieval software, is pleased to announce that it has arranged for the sale of a 6% convertible debenture Convertible Debenture Any type of debenture that can be converted into some other security. Notes: For example, a convertible bond can be converted into stock. for up to $1 million. The Company will pay interest monthly based on the principal amount due. The debenture matures on November 27, 2005, at which time the unpaid principal and all accrued and unpaid interest will be due and payable in full. Renaissance Capital Renaissance Capital is a major investment bank concentrating on Russia and the Commonwealth of Independent States (CIS). Renaissance Capital is wholly owned by management and employees. Major lines of business are: sales and trading, investment banking and asset management. Group, Inc., the largest shareholder of CaminoSoft, serves as the agent to the lender, BFSUS Special Opportunities Trust PLC. The money will be used for general corporate purposes and to accelerate the Company's business plan. Chairman Walter Kornbluh made the following comments with regard to the financing, "With this new financing in place, we can accelerate our business plan and sign strategic partners to assist in the sale and distribution of our products. We started this program this year with partnerships with Novell, Computer Associates, and Messaging Architects. We hope to add additional strategic sales partners in 2003." About CaminoSoft Corp. CaminoSoft Corp. is a creator of proprietary hardware and operating software solutions designed to store and manage the vast quantities of critical data constantly created in a wide range of businesses and industries. CaminoSoft's enterprise data migration software (Intelligent Capacity Management(TM)) has enabled corporations worldwide to effectively manage their data and maintain high availability Also called "RAS" (reliability, availability, serviceability) or "fault resilient," it refers to a multiprocessing system that can quickly recover from a failure. There may be a minute or two of downtime while one system switches over to another, but processing will continue. at low cost with a quick return on investment. The T-Rex(TM) line of data management appliances is designed to serve the burgeoning needs of global e-commerce and the digitizing of business processes. This release may contain forward-looking statements that reflect the management's current views of future events and operations. These forward-looking statements are based on assumptions and external factors, including assumptions relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc regulatory action, capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. and competing products. Any changes in such assumptions or external factors could produce significantly different results. www.caminosoft.com |
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