The PennyShac

[casunboy]

Can someone explain what this "Disposition" means as well as the effect it will have on MIX...THANKS!!!

Phil

http://biz.yahoo.com/prnews/050310/lath081_3.html

Press Release Source: Intermix Media, Inc.


Intermix Media Announces Disposition by Preferred Stockholder
Thursday March 10, 2:02 pm ET


LOS ANGELES, March 10 /PRNewswire-FirstCall/ -- Intermix Media, Inc. (Amex: MIX - News), commenting on recent activity in its stock, announced today that it has received from affiliates of VantagePoint Venture Partners, a large stockholder of the Company, notice of conversion of approximately 2 million shares of Series C Convertible Preferred Stock into an equivalent number of shares of common stock, which shares have been distributed to VantagePoint's limited partners.
ABOUT INTERMIX MEDIA

A leading online media and ecommerce enterprise, Intermix Media utilizes proprietary technologies and analytical marketing to develop unique content, an active community and innovative ecommerce offerings. The Intermix Network blends user-generated and proprietary online content to motivate its users to spend more time on its Network and to invite their friends to join them. By integrating social networking applications, self publishing and viral marketing, the Intermix Network has grown to over 23 million unique visitors per month, including such flagship properties as MySpace.com and Grab.com. Intermix also leverages its optimization technologies, marketing methodologies and the Internet through its Alena unit, where it launches branded consumer product offerings. Alena expands Intermix's consumer reach by marketing select high margin and innovative products directly to the consumer across the Internet. In doing so, Alena cost effectively builds consumer brands, such as Hydroderm, and drives new users back to the Intermix Network.


Contact:
Bennet Ratcliff, Group SJR
[e-mail]
[phone]




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Source: Intermix Media, Inc.