iVOW, Inc. Reports Participation Results in Offer to Exchange Warrant Program.SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- iVOW, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :IVOW), a provider of disease management services for the treatment of chronic and morbid obesity morbid obesity n. The condition of weighing at least twice the ideal weight. morbid obesity Superobesity Bariatircs A condition defined as 45 kg > ideal body weight, 2 times > ideal/standard weight or, for , today reported participation results of its offer to exchange warrant program (the "Offer to Exchange"). The Company's Offer to Exchange expired at 5:00 p.m. (PDT PDT abbr. Pacific Daylight Time PDT Pacific Daylight Time PDT n abbr (US) (= Pacific Daylight Time) → hora de verano del Pacífico PDT ) on June 12, 2006. Pursuant to the Offer to Exchange, the Company's existing warrant holders: --tendered their existing warrants to purchase an aggregate of 739,726 shares of common stock at an exercise price of $3.00 per share, in exchange for new warrants to purchase an aggregate of 739,726 shares of common stock at an exercise price of $1.40 per share. --tendered their existing warrants to purchase an aggregate of 62,695 shares of common stock at an exercise price of $3.18 per share, in exchange for new warrants to purchase an aggregate of 62,695 shares of common stock at an exercise price of $1.40 per share. --tendered their existing warrants to purchase an aggregate of 46,503 shares of common stock at an exercise price of $9.50 per share, in exchange for warrants to purchase an aggregate of 46,503 shares of common stock at an exercise price of $2.50 per share. The warrant holders participating in the Offer to Exchange must exercise their new warrants for cash by June 22, 2006, or the new warrants will expire in accordance with their terms. The purpose of the Offer to Exchange is to raise funds to support the Company's operations. About iVOW, Inc. Our business is focused exclusively on the disease state management of chronic and morbid obesity. We provide program management, healthcare services, operational consulting and clinical training services to employers, payors, physicians and hospitals involved in the medical and surgical treatment of the chronic and morbidly obese. We also provide specialized vitamins to patients who have undergone obesity surgery Obesity Surgery Definition Obesity surgery is an operation that reduces or bypasses the stomach or small intestine so that severely overweight people can achieve significant and permanent weight loss. . Our corporate website is www.ivow.com; information on our nutritional supplements Nutritional Supplements Definition Nutritional supplements include vitamins, minerals, herbs, meal supplements, sports nutrition products, natural food supplements, and other related products used to boost the nutritional content of the diet. for post-surgical gastric bypass gastric bypass n. A surgical procedure used for treatment of morbid obesity, consisting of the severance of the upper stomach, anastomosis of the small upper pouch of the stomach to the jejunum, and closure of the distal part of the stomach. patients may be found on www.vistavitamins.com. iVOW is traded on the NASDAQ Capital Market Originally called the NASDAQ Small Cap Market, NASDAQ announced a name change to the NASDAQ Capital Market on September 27, 2005. [1] The NASDAQ Capital Market exists for securities of smaller, less-capitalized companies (small caps) that do not qualify for under the stock symbol IVOW. Forward Looking Statements This news release may contain forward-looking statements concerning the business and products of iVOW, Inc. Actual results may differ materially depending on a number of risk factors which are described in the Company's press releases and periodic filings with the Securities and Exchange Commission. The Company's public filings are available at www.sec.gov. The Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this release. |
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