COGNITIVE SYSTEMS REPORTS ON FUNDING
COGNITIVE SYSTEMS REPORTS ON FUNDING NEW HAVEN, Conn., Nov. 27 /PRNewswire/ -- Cognitive Systems, Inc.
(NASDAQ: CSAI), today announced that they are being considered for a $450,000 marketing and development loan from a Connecticut agency. This application process should be completed by early 1992. Additionally, the company has recently completed a private placement of common stock to a limited group of investors. Any new funds will be targeted for the market introduction of Re:Mind, a Case Based Reasoning applications development tool.
"We are gratified that additional sources of capital appear to be available to support the introduction of this exciting new product," said Steve Mott, president. "We intend to continue this search for new capital to support this product." Cognitive Systems, Inc., specializes in building and marketing software applications and tools for intelligent database extraction and processing. -0- 11/27/91 /CONTACT: Steve Mott, president of Cognitive Systems, 203-773-0726/ (CSAI) CO: Cognitive Systems, Inc. ST: Connecticut IN: CPR SU:
SH-GK -- NY038 -- 7783 11/27/91 13:56 EST
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|Date:||Nov 27, 1991|
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