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UVCL - I think its time for some "growth plan " news this week


UniverCell Announces Maturity of Convertible Debentures
WEDNESDAY, MAY 19, 2004 11:22 AM
- PR Newswire




UVCL
0.01 -0.003





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BALTIMORE, May 19, 2004 /PRNewswire-FirstCall via COMTEX/ -- UniverCell Holdings, Inc. (UVCL) , a leading international cellular phone rental company, announced today that as of May 7, 2004, the remaining convertible debentures issued in 2001 have matured. On May 7, 2004 there was a remaining balance of $12,000 that was automatically converted into stock as per the debenture agreement.

Sean Y. Fulda, Chairman and CEO, stated, "We are pleased that the company has no more convertible debt. The company currently has 120,543,894 shares issued and outstanding after the final conversion. This allows us to move forward with our growth plans without any long-term debt."