Conversion Solutions Holdings (fka CSHD)

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posted August 14, 2006 00:23
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2006-04-28 10:28:33
Conversion Solutions announces $500 million investment
Funding agreement with Ismet Paez of The Caracas Group

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KENNESAW, Ga., /PRNewswire-FirstCall/ -- Conversion Solutions, Inc. (OTC Pink Sheets: CVSU) announces that during the SB-2 filing process the following current events have taken place.

CVSU would like to announce the signing of a Global Funding agreement with Ismet Paez of The Caracas Group. The funding agreement brings 500 Million United States Dollar denominated Global, Bonds on the Republic of Venezuela with a 13.625% annual coupon, to CVSU's financials. The bond has been loaded in the Euroclear system with the following codes:

ISIN Number: US922646AT10

Common Code: 008975540

CUSIP: 922646AT1

BB Registration: A-989/08/01 to A-989/08/19


The bond also trades under symbol (VEZD) on the Deutsche Borse Frankfort market.

"We have been working diligently toward Hypothecation of the Bonds for liquidly. We have received written pre-approval for a credit line on the bonds and are in the final phases of execution. This process is very important to the launch of CVSU's business model for the funding of the projects and Asset Backed Security (ABS) origination," stated Ben F. Stanley, COO.

"The Board of directors has decided to complete the Credit facility prior to filing the SB-2; we feel that the addition of this asset is beneficial to the shareholders value," stated Rufus Paul Harris, CEO.

dot dot dot....

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REPUBLIC OF VENEZUE 13.6250 15/08/18
US922646AT10
008975540
13.625
USD
06 Aug 1998
15 Aug 2006
14 Aug 2006
G
BOND
31 Jul 1998

Euroclear sitr posted above. 13.625 is the interest rate

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http://www.euroclear.com/wps/portal/!ut/p/_s.7_0_A/7_0_E0/.cmd/ad/.ar/2321367/.p s/X/.c/6_0_77/.ce/7_0_E3/.p/5_0_7K/.d/1?PC_7_0_E3_AdvancedSearchEB=No&PC_7_0_E3_ jspPageAction=AdvancedSearchEB&PC_7_0_E3_forceAdvancedSearch=false&PC_7_0_E3_sea rch_radio=isin&PC_7_0_E3_search_select=equals&PC_7_0_E3_search_text=+US922646AT1 0&PC_7_0_E3_results_select1=name&PC_7_0_E3_results_select2=asc#7_0_E3

search using ISIN#

enter ISIN Number: US922646AT10


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