Cryptzone increases share capital with 25 million SEK>
Cryptzone increases share capital with 25 million SEK
(Thomson Reuters ONE) - Gothenburg, July 2nd, 2009 - Through preferential and direct shareissuing, 26.1 million SEK (3,3 million US dollars) was subscribedthroughout the month of June. In accordance with the decision fromthe shareholders meeting the company will be provided with 25.0million SEK before costs related to raising the capital.In addition to current and new shareholders who subscribed for atotal of 12.8 million SEK, a Swedish investor consortium contributedan additional 13.3 million. After a full dilution, the consortiumwill hold 49% of the capital and 37% of the voting power in thecompany. The group consists of Kattvik Financial Services AB, GyllingInvest AB, M2 Capital Management AB, TJ Junior AB, The GentlePersuader Fund, ATV Holding AB and AB Giraffen."We are very pleased at the high interest shown from this round ofraising new capital" says Per Svantesson chairman of Cryptzone." Withthe help of both new and old shareholders, we can continue to developand operate Cryptzone into the future. With the efficiencyimprovements made in the past several months and new productsdeveloped, this capital greatly increases the probability to achievea positive cash flow. According to the board's assessment, this canbe accomplished within the next three quarters. The new capital isexpected to cover the base costs and make a platform for thecontinued global expansion for more than 1 year." Per Svantessoncontinues."Cryptzone operates in an exciting segment with strong growth alongwith good products and now a well-adapted organizational structure.It will be exciting to follow the company's continued journey as theowner, where the first important milestone is to reach positive cashflow" said Patrik Tillman, CEO at Kattvik Financial Services,Cryptzone's largest shareholder today.For more information, Cryptzone AB (publ):Peter Davin, CEO CryptzoneEmail: peter.davin(at)cryptzone.comPhone: +46 (0)701 839 199Björn Muchow, CFOEmail: bjorn.muchow(at)cryptzone.comPhone: +46 (0)31 773 86 03Per Svantesson, ChairmanEmail: per.svantesson(at)effpower.comPhone: +46 705 288 780About Cryptzone:Cryptzone is a recognized leader in data leak prevention solutionsthat secure data at rest and in transit. Its mission is to providesecurity technology that people actually can and will use, therebyincreasing the overall data protection and minimizing data leaks.Cryptzone helps users secure email, files, folders, disks, USB sticksand mobile terminals without forcing users to change the way theywork, while giving IT departments' complete control of user rights.The company has offices in Gothenburg, Sweden, Los Angeles, US, andMunich, Germany. For more information about Cryptzone and thecompany's portfolio of encryption solutions, please visitcryptzone.comCryptzone is listed and trading on First North. First North is analternative market, operated by the different exchanges within NASDAQOMX. Certified Adviser on First North: Thenberg & KindeFondkommission AB, Phone: +46 (0) 31-745 50 00http://hugin.info/139230/R/1326615/312270.jpghttp://hugin.info/139230/R/1326615/312319.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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Datum: 02.07.2009 - 03:00 Uhr
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