Article: Y3K Signs $7 Million Equity Line of Credit with Cornell Capital Partners.

Y3K Secure Enterprise Software (YTHK), a Secure Collaborative Communications software company, announced today it has signed a financing commitment with Cornell Capital Partner LP, a New Jersey based investment firm, that will provide up to $7 million dollars in financing.

Pursuant to the terms of the funding agreement and upon an effective registration statement, Y3K has secured a firm commitment for up to $7,000,000 from Cornell to purchase shares of the company's common stock. This commitment is not contingent upon a price times volume matrix and there are no mandatory draw downs or non-withdrawal fees. Y3K has the right but not the obligation to utilize the ...

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