Day: December 21, 2019

MADISON, Wis., Dec. 20, 2019 (GLOBE NEWSWIRE) — In the Sonic Foundry, Inc. (OTC Pink Sheets: SOFO) press release published Dec. 19, 2019, certain amounts on the balance sheets and statements of cash flows were misstated. This release corrects those misstatements and announces consolidated financial results for its fiscal 2019 fourth quarter and fiscal year ended September 30, 2019.Fiscal 2019 Fourth Quarter HighlightsBillings totaled $9.8 million in the fourth quarter of 2019 consistent with billings of $9.8 million for the same period last yearTotal revenues of $9.2 million compared to $8.5 million in the fourth quarter of 2018, a 9 percent increaseGross margin was $6.5 million, or 70 percent of sales, compared to $6.1 million, or 72 percent of sales, in the fourth quarter of 2018Net loss attributable to common stockholders...

Phoenix, AZ, Dec. 20, 2019 (GLOBE NEWSWIRE) — Pursuant to a 2019 Convertible Debenture Purchase Agreement between UniGen and InnSuites Hospitality Trust, a publicly traded (NYSE American: IHT) Ohio business trust (“IHT”) seeking diversification of its holdings, IHT has agreed to invest up to $1,500,000 or more in UniGen through(i) the purchase of a 6% $600,000 convertible Debenture; (ii) a 6% $400,000 convertible Debenture to close on February 1, 2020 (the “February Debenture” and, together, the “IHT Debentures”); (iii) the right to exercise a Class A Common Stock Purchase Warrant for 1,000,000 shares at $1.00 per share (the “IHT Warrants”); (iv) the right to exercise an additional Class A Common Stock Purchase Warrant for 200,000 shares, exercisable at $2.25 per share (the “Additional...

VANCOUVER, British Columbia, Dec. 20, 2019 (GLOBE NEWSWIRE) — Sharc International Systems Inc.  (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC” or “the Company”) is pleased to announce that it closed a non-brokered private placement of debenture (the “Debenture”) for gross proceeds of $1,030,000 (the “Offering”).  Each Debenture consists of $1,000 principal amount of 8.0% unsecured convertible debentures.  The Company will use the net proceeds of the Offering for investment into sales and marketing and general working capital purposes.The Debentures bear interest from their issue date at 8.0% per annum, payable semi-annually in arrears on June 30 and December 31 in each year and mature on December 20, 2022 (the “Maturity Date”). The Debentures are unsecured,...