Greenlight Completes $300,000 Private Placement.TORONTO--(BUSINESS WIRE)--July 24, 1997--(CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. , 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. GLCT GLCT Graphical Local Craft Terminal .) Greenlight Communications Inc. (Greenlight), announces that it has completed a private placement of $300,000 in common stock with investors. The shares were issued at $.50. Greenlight continues to pursue its objective of raising new equity to strengthen the working capital of the Company. In May, 1997 the Company announced that it was refocusing Noun 1. refocusing - focusing again focalisation, focalization, focusing - the act of bringing into focus on its Healthcare operations and selling or discontinuing its Entertainment operations. The Company has recently announced that its subsidiary HealthLink Communications, will be launching its "Virtual Clinic" within six months and has hired Bill MacLeod, former Woman's College Hospital 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. , as President of HealthLink to lead the initiative. Greenlight is a healthcare information technology company, providing multimedia services and patient record technology to the healthcare industry-pharmaceutical manufacturers, healthcare providers, educational and medical institutions and consumers, under the name HealthLink Communications Inc., a wholly-owned subsidiary. Greenlight also controls Motion Works Group Limited, a full service "all media" company listed on the Senior Board of the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). (symbol- MW) and OTC Bulletin Board in the US (symbol-MWKGF). Greenlight trades on the Canadian Dealing Network (symbol - GLCT), OTC Bulletin Board in the US (symbol- GLCT), Berlin Exchange (symbol- GLC) and the number of shares outstanding is approximately 8 million. CONTACT: Greenlight Communications Inc. Debra Demeza, 416/ 214-2001 ext 411 Web Site: http://www.greenlight.ca |
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