Inventergy Global, Inc. (fka INVT)

[serious38]

Inventergy Announces Agreement With Preferred Stockholders to Extend Redemption Timeframe. This sounds Bullish to me.

Joe Beyers, the Chairman and CEO of Inventergy stated, "We are pleased that we have this extended time to drive the execution of our intention to redeem the Preferred rather than have it dilute the common stock of the Company. With the completion of the Restructuring Agreement with the Fortress Investment Group, LLC and the ramp-up of our Inventergy Innovations business, we believe that we have significant opportunities going forward and wish to minimize further dilution to stockholders." Mr. Beyers continued, "We are grateful to our Preferred investors who have provided us this flexibility under reasonable terms."

http://finance.yahoo.com/news/inventergy-announces-agreement-preferred-stockholders-140000168.html