Gary or anyone have any idea how many shares Westcap got for their investment?
Thanks.
IBSG International Retains Investment Banker
Thursday February 26, 10:28 am ET
CELEBRATION, Fla.--(BUSINESS WIRE)--Feb. 26, 2004--IBSG International, Inc. (OTCBB:IGII - News) announced today that it has completed an investment agreement through WestCap Securities. The additional capital infusion is part of an overall expansion plan aimed at accelerating sales and providing additional equity to fund initial implementation costs associated with government or quasi government contracts. The company is targeting to raise $3 million in additional capital which has already been partially funded. The capital will be primarily utilized for continued expansion, strategic acquisitions and to increase services to existing customers. "The additional capital infusion we are completing is part of our overall growth strategy to expand our business development efforts, strategic acquisitions and general operating growth," stated Dr. Michael Rivers, CEO of IBSG International.
Mr. Tom Rubin, CEO of WestCap Securities stated, "IBSG International is an exciting company with tremendous growth potential. We have made a substantial commitment to IBSG International. We believe this additional investment will allow the company to continue to rapidly expand its market penetration through additional marketing and to expand its existing contracts with its customers."
