Voyant Management Increases Stake in Company by Exchanging More Debt for Equity
July 01 2008 - 4:15PM
Marketwired
MOUNTAIN VIEW, CA , a diversified media and technology holding
company dedicated to improving the quality of the digital world for
both businesses and consumers, announced that the members of its
senior management team have once again agreed to convert all of the
deferred pay owed to them by the company into convertible preferred
stock.
The senior officers of the company have voluntarily exchanged
all debt from accrued wages owed to these officers for Voyant
preferred stock. "As a sign of our confidence in Voyant, our senior
management team has been taking only a fraction of their full
salaries in recent months," explained Mark Laisure, Voyant's
executive chairman of the board. "These officers have now elected
to transfer the balance of their accrued wages into equity,
reprising a similar debt-for-equity swap that occurred in December
2007."
Voyant is a holding company addressing new, large markets at the
intersection of digital content and technology. The company seeks
to leverage its significant collection of intellectual property and
know-how to create value for its shareholders through compelling
business opportunities. The company's business units are currently
active in the fields of (a) next-generation white-space radios
(WSR), (b) Internet data transfer acceleration, (c) commercial
aviation broadband connectivity and (d) original media content
creation and aggregation.
"We believe that Voyant is in an excellent position to monetize
the intersection between digital content and technology," added CEO
Dana Waldman. "We are passionate about what we are doing here and
the opportunities and value that Voyant is creating. This
debt-for-equity swap is a chance for our management team to further
participate in the anticipated success of our company and align
ourselves with the interests of our shareholders, while also
reducing the liabilities on Voyant's balance sheet."
About Voyant
Voyant is a media and technology holding company focused on
bringing innovative technologies, media assets, and strategic
partnerships together to deliver next-generation commercial and
consumer solutions to empower, enhance, and enrich our digital
world. The company works with strategic partners in the technology
and entertainment sectors to locate, partner with, and acquire
complementary technologies and media assets that position the
company in the value chain from content creation to direct
distribution to the consumer. More information can be found at
http://www.voyant.net. To receive public information, including
press releases, conference calls, SEC filings, profiles, investor
kits, news alerts and other pertinent information, please register
at http://www.voyant.net/investorpass.
Safe Harbor
This news release contains forward-looking statements, including
but not limited to, those that refer to the company's future
development plans or operating results. Actual results could differ
materially from those anticipated due to risk factors that include,
but are not limited to, lack of timely development of products and
services; lack of market acceptance of products, services and
technologies; adverse government regulations; competition; breach
of contract; inability to secure sufficient capital for continued
operations; inability to earn revenue or profits; dependence on and
retention of key individuals; inability to obtain or protect
intellectual property rights; lower sales and higher operating
costs than expected; technological obsolescence of the company's
products; limited operating history and risks inherent in the
company's markets and business and other factors discussed on our
website on the "Investors" page, in our most recent Annual Report
on Form 10-KSB and our Quarterly Reports on Form 10-QSB filed with
the SEC. Investors are advised to read our Annual Report, quarterly
reports and current reports on Form 8-K filed after our most recent
annual or quarterly report. The forward-looking statements in this
press release represent our current views as of the dates of
individual pages and we disclaim any obligation to update these
forward-looking statements.
Media and Investor Contact: Sean Collins CCG Investor Relations
310-477-9800, ext. 202 Sean.Collins@ccgir.com
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