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July 11, 2007FOR IMMEDIATE RELEASEMOBIFORM SOFTWARE, INC. ANNOUNCES COMPLETION OF PRIVATE PLACEMENT OFFERINGCrystal River, FL, USA - Mobiform Software, Inc. announced today the completion of its private placement offering through Mercer Capital, Ltd., its investment banking firm. This offering, consisting of units of common stock at $1.00 per share and warrants exercisable at $1.50 was oversubscribed with gross proceeds in excess of $3.25 million being raised. The proceeds from the offering are being used for software and graphic controls development, staffing, marketing and the costs associated with the preparation and filing of a registration statement with the SEC registering the shares and the shares underlying the warrants in the offering as well as other shares that Mobiform has agreed to register. Mobiform intends to file its registration statement by the end of the 3rd quarter 2007. Mobiform, a leading authority on XML based multimedia technologies, produces software products, technology solutions and custom development components for WPF and XAML and offers a variety of professional services including consulting, training and graphics design. Mobiform's Aurora gives developers and designers alike the ability to easily build XAML applications and web sites today without having to manually code the markup. Aurora can be used as a stand-alone product or embedded into .NET applications. Mobiform’s VantagePoint product provides customers with functional industrial control graphics such as gauges, valves, dials/knobs, meters and indicators. Diligent customer interaction provides valuable information and gives MOBIFORM the ability to identify features and functionality that will enhance their product and service offerings. Mobiform is a single-source solution for XML-based graphics requirements. For more information on Mobiform and XAML authoring, please visit http://www.mobiform.com
All statements in this release that are not statements of historical fact are forward-looking statements, including any projections of earnings, revenue, cash or other financial items, any statements of the plans, strategies, and objectives of management for future operations, any statements regarding future economic conditions or performance, statements of belief and any statements of assumptions underlying any of the foregoing. These statements are based on expectations and assumptions as of the date of this release and are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The risks and uncertainties include our limited capital resources and limited access to financing. MOBIFORM assumes no obligation to update these forward-looking statements to reflect future events or actual outcomes and does not intend to do so. Copyright 2006 – Mobiform Software Inc. If you would like to view the PDF version of this Press Release you can download it here |
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