latest news releases from the newsroom
eB2B Commerce, Inc.
eB2B Completes Private Placement
NEW YORK, Jan. 15, 2002 (PRIMEZONE) -- eB2B Commerce, Inc. (Nasdaq:EBTBD), announced today that it has closed on a private placement of notes and warrants. The Company issued $2,000,000 principal amount of five-year senior subordinated secured notes, convertible into shares of common stock at the rate of $2.42 per share. The warrants are exercisable for an aggregate of 826,439 shares of common stock, at an exercise price of $2.90 per share. The securities issued in the private placement were issued upon the conversion of $2,000,000 of senior secured notes issued by the Company in its prior bridge financing which closed in December 2001. No additional cash consideration was received by the Company.
Telelogic Expands Relationship with Volvo Due to Success of Next Generation Telematics System
MALMO, Sweden, Jan. 15, 2002 (PRIMEZONE) -- Telelogic (Stockholm Exchange:TLOG), the leading global provider of solutions for advanced software and systems development, today announced that Telelogic Tau SDL was selected by Volvo Technological Development Corporation as their visual development tool to engineer Volvo's revolutionary new in-vehicle communication (telematics) system called Volvo On Call. Telelogic Tau is the leading toolset for analyzing, designing, implementing and testing reliable advanced software systems.