MIAMI --(Business Wire)-- Dec. 1, 2004 -- Telatinos Inc. (OTC: TLTA), a Latin American IP-based VoIP service provider, today announced that the Company has secured $20 million in private equity financing.
The investors are purchasing Class B Preferred shares, which will include dividends, board seats and stock option features. Until the agreement is finalized in early 2005, Telatinos will receive a bridge loan. The Company plans to use the proceeds to support larger sales and support staff for marketing initiatives in Latin America.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.