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Thursday, 04/08/2010 1:20:12 PM

Thursday, April 08, 2010 1:20:12 PM

Post# of 9405
here's the .20 cents thou.
NEW YORK--(BUSINESS WIRE)--MSGI Security Solutions Inc. (OTCBB: MSGI - News) today reported that they have retired $2.6 million in debt directly related to equipment financing, which originated in December 2007. The three note holders represented $1,900,000 in principal and approximately $700,000 in accrued interest.

These former note holders agreed to convert their debt into unregistered common stock of MSGI based on a $.20 conversion price and further agreed not to sell any of their shares held until 2011.

http://finance.yahoo.com/news/MSGI-Retires-26-Million-In-bw-2501844962.html?x=0&.v=1

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