Universal Communication Systems, Inc. Secures $2.5 Million in New Corporate Funding; Company to Announce Major Plans for Expansion Shortly Friday February 17, 2:29 am ET
MIAMI BEACH, FL--(MARKET WIRE)--Feb 17, 2006 -- Universal Communication Systems, Inc. (OTC BB:UCSY.OB - News) company chairman and CEO, Michael J. Zwebner announced today that the company has successfully secured $2.5 million in new financing in the form of convertible debt from a consortium of investors. The funding will be done in two major traunch's, half upon the execution of the transaction documents, and the second upon the effectiveness of a registration statement to be filed with the S.E.C. The company plans to prepare and file the registration statement within 60 days. A further announcement relating to this proposed financing will be made soon. About Universal Communication Systems, Inc.:
Universal Communication Systems, Inc. is a publicly quoted US Company with its core emphasis on operations in the field of Water from Air extraction, Manufacture of and provision of PV Solar Energy, Solar powered consumer electronic products, and security products.
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