Investor Enters into Definitive Agreement to Acquire Nexicon's Outstanding Secured Convertible Promissory Notes
Company to move forward with plans to regain its listing on the OTC Exchange
Albuquerque, NM (PRWEB) February 25, 2008 -- Today, Nexicon (PNK: NXCN - News), a leading supplier of anti-piracy and network security solutions announces that a third-party investor has entered into a definitive agreement to purchase all of the rights, title, and interest to the company's outstanding notes due to YA Global Advisors, L.P., (f/k/a Cornell Capital Partners, L.P.).
"We thank YA Global Advisors for their support over the past seven years," said Richard Urrea, Nexicon CEO. "The new arrangement with our investor supports our primary objectives, to become the world's leading supplier of anti-piracy and network security solutions while enhancing shareholder value."
The company will now work towards regaining the listing of its common stock on the Over-the-Counter Bulletin Board (OTCBB). Further details regarding the timing of these activities will be released separately.
About Nexicon
Nexicon Inc. delivers next-generation anti-piracy, intellectual property security, business intelligence, and network security products and solutions. For more information, visit http://www.nexiconinc.com.
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends.
The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
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