|
|
Article: Medical Science Systems Reports Equity Infusion and Management Changes.
- Article from:
- Business Wire
- Article date:
- June 17, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
SAN ANTONIO--(BW Health Wire)--June 17, 1999--
Medical Science Systems, Inc. (NASDAQ Small Cap Symbol: MSSI) announced today that it has closed a private placement of $5 million of its series A Preferred Stock, which shares are currently convertible into 10 million shares of the Company's Common Stock, subject to adjustment under certain circumstances.
The lead investor in the financing was Gary L. Crocker, President of Crocker Ventures, LLC, and Chairman of the Board of ARUP Laboratories, a specialty diagnostic testing firm, and the founder and President of Research Medical, Inc. which merged with Baxter International in 1997. Fine Equities, Inc., the ...