Intrusion Inc (INTZ)

[Batscam]

Insiders put up another $500,000.

Intrusion Inc. Closes $500,000 Private Placement
Wednesday June 27, 5:29 pm ET


RICHARDSON, Texas, June 27 /PRNewswire-FirstCall/ -- Intrusion Inc. (OTC Bulletin Board: INTZ - News), today announced that it has closed a $500,000 private placement of its Common Stock. In the private placement, the Company sold 1,111,111 shares of common stock at a price of $0.45 per share; the price was based on the Company's Common Stock price at 110% of the average closing price per share for the twenty trading days ended on June 27, 2007.


G. Ward Paxton, the company's Chairman, President and Chief Executive Officer, and Michael L. Paxton, Vice President and Chief Financial Officer, invested an aggregate of $500,000 in the private placement