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Article: FOCUS Enhancements Converts $4.5 Million of Debt Into Equity; Balance Sheet Strengthened.
- Article from:
- Business Wire
- Article date:
- March 22, 2004
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Business Editors/High-Tech Writers
CAMPBELL, Calif.--(BUSINESS WIRE)--March 22, 2004
FOCUS Enhancements, Inc. (Nasdaq:FCSE), a worldwide leader in video production and conversion technology, announced Carl Berg, a director of FOCUS Enhancements, converted approximately $4.5 million in principal and accrued interest owed to him by FOCUS Enhancements into approximately 2,173,000 shares of common and 1,257 shares of preferred stock, which are convertible into an additional 1,257,000 shares of common stock.
Carl Berg commented, "I have long been a supporter of FOCUS Enhancements, as I believe the company's core competency in video will be a driving ...