Spescom Software Files Registration Statement on Form S-2
December 07 2004 - 1:24PM
PR Newswire (US)
Spescom Software Files Registration Statement on Form S-2 SAN
DIEGO, Dec. 7 /PRNewswire-FirstCall/ -- Spescom Software Inc.
(OTC:SPCO) (BULLETIN BOARD: SPCO) announced today that it has filed
a registration statement on Form S-2 with the SEC, registering
12,007,782 shares of its common stock for resale by named selling
shareholders. The registration statement registers common stock
issuable upon conversion of shares of Series G Preferred Stock and
exercise of warrants issued to Mercator Advisory Group, LLC and its
affiliate, Monarch Pointe Fund, Ltd., in a November 5, 2004 private
placement. It also registers common stock outstanding and issuable
upon the exercise of warrants which were issued to various
consultants who have piggyback registration rights and elected to
have their shares registered. A registration statement relating to
these securities has been filed with the Securities and Exchange
Commission but has not yet become effective. These securities may
not be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. This release shall not
constitute an offer to sell or the solicitation of an offer to buy
nor shall there by any sale of these securities in any state in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state. Company Contacts: Carl Mostert, CEO Spescom Software Inc.
(858) 625-3000 John Low, CFO Spescom Software Inc. (858) 625-3000
DATASOURCE: Spescom Software Inc. CONTACT: Carl Mostert, CEO, or
John Low, CFO, both of Spescom Software Inc., +1-858-625-3000
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