DecisionPoint

DecisionPoint Systems Announces Completion of $6.3 Million Convertible Preferred Financing

IRVINE, Calif., Dec. 21, 2012 (GLOBE NEWSWIRE) -- DecisionPoint Systems, Inc. (OTCBB:DPSI), a leading provider and integrator of Enterprise Mobility, Wireless Applications and RFID solutions, announced that it had raised $6.336 million in gross proceeds from institutional and accredited investors through a private placement of 633,600 shares of 8 percent Series D convertible preferred stock, with a stated value of $10.00 per share. Each share of preferred stock may be converted into 10 common shares at any time at the option of the holder, for a conversion price of $1.00 per common share.