Digital Courier International Announces Extensions to Bridge Financing.VANCOUVER, British Columbia--(BUSINESS WIRE)--June 4, 1998-- Digital Courier International (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :DIC DIC diffuse intravascular coagulation; disseminated intravascular coagulation. DIC abbr. disseminated intravascular coagulation Disseminated intravascular coagulation (DIC) .) Digital Courier International Corporation (Alberta Stock Exchange:DIC) announced today, further to its news release of May 5, 1998, that the maturity date for the debentures and supplemental debentures of the Company dated October 31, 1997, December 24, 1997 and May 1, 1998 have been extended to July 1, 1998, to permit the Company and Goepel McDermid Inc., its financial advisor, to continue discussions with a number of parties interested in a strategic alliance with DCI (Display Control Interface) An Intel/Microsoft programming interface for full-motion video and games in Windows. It allowed applications to take advantage of video accelerator features built into the display adapter. . The Company may draw up to $1,500,000 of the $2,000,000 supplemental debenture debenture (dəbĕn`chər), document acknowledging indebtedness. In Great Britain a debenture is practically the same as a bond, and debenture stock is similar to preferred stock. issued on May 1, 1998 to one of its principal shareholders, MPR (MultiProtocol Router) Software from Novell that provides router capabilities for its NetWare servers. It supports IPX, IP, AppleTalk and OSI protocols as well as all the major LANs and WANs. Teltech Ltd. In addition, Telecom Leasing Canada (TLC TLC total lung capacity; thin-layer chromatography. TLC abbr. 1. thin-layer chromatography 2. ) Limited, which leases certain equipment to the Company, has agreed to extend the payment terms under capital leases. Principal payments that were due December 1, 1997 through June 1, 1998 have been extended until July 1, 1998. Digital Courier International is a leading supplier of electronic distribution and communications services for the media broadcast marketplace, with over 4,900 radio stations, duplications companies, production studios and record companies across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. under contract. DCI's "state of the art," two-way digital distribution network enables fast and reliable delivery of CD-quality audio, text and data, and provides the only "open" platform that allows for full integration with radio broadcast and advertising industry members for the purpose of audio and information exchange. Visit DCI on the Internet @ www.digitalcourier.com The Alberta Stock Exchange has neither approved nor disapproved of the information contained herein.
CONTACT: Digital Courier International Corporation
E. Lynn Patterson, 604/415-3301
or
Digital Courier International Corporation
Don Myers, 604/602-2480 or US Toll Free, 800/663-8013
Email: invest@digitalcourier.com
http://www.digitalcourier.com
|
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion