Winners Circle

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adst""We are pleased to have raised $1.5 million for AdStar without dilution to our current investors," said Leslie Bernhard, president and chief executive officer of AdStar. "Borrowing at less than prime is unprecedented in AdStar's history and reflects the substantial value of the conversion privilege and warrants, even at conversion or exercise prices substantially above recent average stock prices. We believe that with this added working capital we can more quickly achieve the goals of our business plan and accelerate our strategic acquisition program."