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Article: High Speed Net Solutions Receives Additional Funding.
- Article from:
- PR Newswire
- Article date:
- August 1, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. 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)
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RALEIGH, N.C., Aug. 1 /PRNewswire/ --
High Speed Net Solutions, Inc. (OTC Bulletin Board: HSNSE), a leading provider of rich media marketing and content delivery services today announced that the Company has closed a $1.6 million dollar financing round, of which $1.0 million dollars has to date been received. This round of private placement financing was arranged by van Ernst Jakob, an investment banking firm based in the Netherlands.
The Company expects to commit a majority of these funds towards the build-out of its next generation Rich Media Direct(SM) service offering. Additionally, the Company intends to make further investments in its sales, ...