Globalink Announces Completion Of Private Financing.FAIRFAX, Va.--(BUSINESS WIRE)--June 11, 1998--Globalink, Inc. (AMEX AMEX See: American Stock Exchange : GNK GNK Gekka No Kenshi (anime) ), the world's leading provider of language translation solutions, has announced the completion of a private financing. The Company completed today the sale of 22 units of a 10% 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. generating aggregate gross proceeds of $2.2 million. Each unit consists of a $100,000 principal amount, 10% Convertible Debenture and 23,000 Common Stock Purchase Warrants. The placement agent for the transaction was M.H. Meyerson & Co., Inc. Globalink is a leading provider of language translation software and services. The Company is a pre-eminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae developer of machine translation software that automatically translates human language. Globalink software products help companies and individuals access information in foreign languages and communicate across language barriers. Globalink Language Assistant(TM), a translation and reference tool, to Globalink Web Translator(TM) for translating web pages while "surfing surfing, sport of gliding toward the shore on a breaking wave. Surfers originally used long, cumbersome wooden boards but now ride lightweight synthetic boards that allow a greater degree of maneuverability. " to Globalink Power Translator(TM), Power Translator Pro(TM) and Globalink Intranet Translator(TM), gives people a set of tools that greatly expand their ability to communicate in English, French, German, Italian, Portuguese and Spanish Spanish, river, c.150 mi (240 km) long, issuing from Spanish Lake, S Ont., Canada, NW of Sudbury, and flowing generally S through Biskotasi and Agnew lakes to Lake Huron opposite Manitoulin island. There are several hydroelectric stations on the river. . Languages to be added later in 1998 include Russian, Chinese and Japanese. Globalink augments their technology offerings with an extensive range of professional human translation services and customized corporate solutions. Call Globalink at 800-255-5660 for more information or visit their website at www.globalink.com. CONTACT: Globalink John F. McCarthy, Esquire, 703/277-3159 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion