Level 8 changes name to Cicero.Level 8 Systems, Inc. has announced that its shareholders have approved a plan of recapitalization. Under the plan, shareholders authorized changing the company's name to Cicero, Inc.; authorized the board of directors to effectuate a reverse stock split; increased the authorized common stock of the company; converted existing preferred stock into a new Series A-1 preferred stock of Cicero, Inc.; and converted more than $6.5 million of debt to equity. Cicero's solution was designed to provide rapid and seamless integration of disparate systems on end-user desktops. It is a non-invasive desktop integration product for contact centers and government agencies to improve the use of technology, enhance customer service, streamline business processes and reduce costs. www.ciceroinc.com |
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