Sizzling Stock Picks

[Penny Roger$]

Vuzix Announces Reduction in Warrant Overhang and other Capital Structure Improvements
| 7:30 AM |

[PR Newswire] - ROCHESTER, N.Y., Feb. 27, 2015 /PRNewswire/ -- Vuzix® Corporation (VUZI) ("Vuzix" or, the "Company"), a leading supplier of video eyewear and smart glasses products in the consumer, commercial and entertainment markets, is pleased to announce that holders of its common stock purchase warrants ("warrants") have elected to exercise into common shares, this includes the outstanding warrants held by senior management. Since January 1, 2015 the Company has received requests to exercise 4,605,892 warrants that were associated with its August 2013 stock offering which were exercisable into common stock at $2.25 per share. 469,500 of these have been exercised for cash, netting proceeds of $1,056,375 to the Company. The 4,158,092 balance was exercised on a cashless basis resulting in the issuance of 3,534,972 common shares. Additionally, the Company has received $337,500 in convertible note conversions during this time period.

http://us.rd.yahoo.com/finance/news/rss/story/*http://finance.yahoo.com/news/vuzix-announces-reduction-warrant-overhang-133000900.html


~ Market News! ~

This news update brought to you by StockGoodies SizzlingStockPicks PennyStockTweets WallStreetSurfers and PennyStockMobsters.
Covering the entire market and teaching traders! Visit here to learn technicals and fundamentals >>
http://www.stockgoodies.com/lessons.html
http://www.stockgoodies.com/chart-school.html

http://www.fallenheroesfund.org/ ~