UniverCell Announces Maturity of Convertible Debentures
May 19 2004 - 12:22PM
PR Newswire (US)
UniverCell Announces Maturity of Convertible Debentures BALTIMORE,
May 19 /PRNewswire-FirstCall/ -- UniverCell Holdings, Inc.
(BULLETIN BOARD: UVCL) , a leading international cellular phone
rental company, announced today that as of May 7, 2004, the
remaining convertible debentures issued in 2001 have matured. On
May 7, 2004 there was a remaining balance of $12,000 that was
automatically converted into stock as per the debenture agreement.
Sean Y. Fulda, Chairman and CEO, stated, "We are pleased that the
company has no more convertible debt. The company currently has
120,543,894 shares issued and outstanding after the final
conversion. This allows us to move forward with our growth plans
without any long-term debt." Contact Info: Investor Relations
UniverCell Holdings, Inc. (800) 765-2355 x8150 Safe Harbor for
Forward-Looking Statements: Except for historical information
contained herein, the statements in this release are forward-
looking statements that are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-Looking statements involve known and unknown risks and
uncertainties, which may cause a company's actual results in the
future periods to differ materially from forecasted results. These
risks and uncertainties include, among other things, product price
volatility, product demand, market competition, and risk inherent
in the company's operations. You can identify these statements by
the fact that they do not relate strictly to historical or current
facts. They use words such as "anticipate," "estimate," "expect,"
"project," "intend," "plan," "feel," "think," "hear," "enable,"
"will," "guess," "believe" and other words and terms of similar
meaning in connection with any discussion of future operating or
financial performance. DATASOURCE: UniverCell Holdings, Inc.
CONTACT: Investor Relations, UniverCell Holdings, Inc.,
+1-800-765-2355 x8150 Web site: http://www.rentalcell.com/
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