Communication Intelligence Corporation Completes Equity Private Placement for $11 Million.REDWOOD SHORES, Calif.--(BUSINESS WIRE)--Nov. 29, 1995--(OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : CICI CICI Cochlear Implant Club International )--Communication Intelligence Corporation (CIC CIC circulating immune complexes. CIC Circulating immune complexes. See Immune complexes. ) announced today that it has completed a private placement of 5,500,000 Shares of its Common Stock at a purchase price of $2.00 per Share with an aggregate purchase price of $11,000,000. The Company may be required to issue additional Shares to the investors upon the occurrence of certain events. The Shares sold in the private placement have not been registered under the Securities Act of 1933, as amended, and may not be offered, sold or otherwise transferred in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. unless they are so registered or pursuant to an exemption from the registration requirements of the Securities Act. The Company has agreed to file a registration statement covering the shares. Proceeds from the private placement have been used to repay certain debt and will be used for additional working capital purposes. For copies of this news release or other corporate information please contact CIC's Director of Investor Relations Investor relations The process by which the corporation communicates with its investors. , Maurice Boucher Maurice "Mom" Boucher (born June 21, 1953) is a high-ranking Hells Angels member and a Canadian convicted criminal. Born in Causapscal, Quebec, Canada, and raised in the tough Hochelaga-Maisonneuve section of Montreal, where his family moved when he was two years old, , at 604-689-8588. Communication Intelligence Corporation Communication Intelligence Corporation develops, markets, and licenses natural input computer technology -- products that use pen and image for input. Founded in 1981, CIC is a leading supplier of pen computing products to hardware manufacturers throughout the world, particularly its multilingual Handwriter Recognition System and Handwriter Dynamic Signature Verification software, PenDOS and PenMac pen operating environments. CIC's intention is to preserve user investments in installed hardware and software products by allowing existing and new pen applications to operate on all major hardware and operating system platforms, including handheld and PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). systems. CIC develops and sells software and hardware for pen computing-designing all of its products with an open-architecture to encourage alliances with other companies. The company's Handwriter Recognition System software is available in US and UK English, German, French, Italian, Spanish, and Japanese languages and is compatible with various operating systems. A Chinese Language recognition system is currently under development. CIC is headquartered in Redwood Shores, California Redwood Shores is an upscale and desirable [1] waterfront neighborhood on the San Francisco Peninsula in California. It is located on the eastern edge of Belmont, but is actually part of incorporated Redwood City. , and has subsidiaries in Japan and China. CIC's stock is publicly traded on the OTC Bulletin Board, symbol CICI. -0- Note to Editors: Company and product names used herein are trademarks or registered trademarks of their respective companies. CONTACT: Communication Intelligence Corporation Maurice Boucher, 604/689-8588 |
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