INTACTA Investor Relations Contact
TECHNOLOGIES INC. Sandra Buschau
Tel: (604) 684-4691
Fax: (604) 684-4601
E-mail: [email protected]
FOR IMMEDIATE RELEASE
INTACTA CLOSES ON ADDITIONAL PORTION
OF PRIVATE PLACEMENT OFFERING
Atlanta, Georgia (June 15, 2000); Intacta Technologies Inc., (OTC BB:
ITAC.OB), announced the closing of an additional 8.25 Units in its private
placement, each Unit consisting of a $100,000 principal amount promissory note
and warrants to purchase 25,000 shares of common stock at an exercise price of
$3.50 per share, for additional gross proceeds to the Company of $825,000.
The Company had previously reported the closing of the private placement on
16.75 Units in late May. With the second closing, the Company has sold all of
the Units offered in the private placement. The securities sold in the
private offering have not been registered under the Securities Act of 1933 and
may not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements.
Intacta is a U.S. based technology developer headquartered in Atlanta, Georgia
with research and development facilities in Beer Sheva, Israel. The Company
has developed a technology designed to bridge enterprise communications and
information management systems across digital and non-digital media, by
combining, in one unique solution, compression, error correction and encoding
and decoding of digital data. The principal applications for which the
technology has developed and on which the Company is focusing its marketing
efforts are the integration of the technology with existing enterprise systems
for the secure transmission of data via the Internet, wireless and other
electronic means of communications and secure document management,
authentication and archiving.
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