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eCrypt Technologies Converts Debt to Equity
eCrypt settles outstanding debt with Global Capital Partners.
BOULDER, Colo., March 1 -- On Friday February 26, 2010 eCrypt Technologies, Inc. (BULLETIN BOARD: ECRY) and Global Capital Partners LLC (Global Capital), agreed to settle the outstanding debt secured by the convertible debenture held by Global Capital, by converting all amounts due on the debenture into common shares of eCrypt Technologies, at the price of $0.81 per share.
By doing so, Global Capital increased its shareholdings of eCrypt to 12.01%.
Brad Lever, President and CEO commented "We are happy to announce that there are no other outstanding convertible notes, options, or warrants that can be exercise into common stock of eCrypt."
To try "eCrypt" wireless email encryption software for FREE, go to eCrypt's website and enter PROMO CODE: PR0301.
About eCrypt Technologies
eCrypt Technologies, Inc. is an information security firm with a focus on the wireless industry. Its flagship product "eCrypt", is a first-of-its-kind wireless email encryption software for BlackBerry® smartphones, and is available under a perpetual license or on a pay-per-use basis. Using the strongest encryption algorithms available for the BlackBerry® smartphone OS, eCrypt software prevents unwanted access to email messages during transmission and storage on servers and PCs. Users may communicate freely with each other knowing that no one has access to the content of their emails.
eCrypt Technologies is a proud BlackBerry® Alliance Associate Member, and has successfully obtained a Mass Market Status for its product from the U.S. Department of Commerce, Bureau of Industry and Security. This status allows eCrypt to export and re-export the software under section 742.15(B)(2) of the Export Administration Regulations, and is recognized by the Wassenaar Arrangement.
"eCrypt" email encryption software is currently available for BlackBerry® Internet Service and BlackBerry® Enterprise Server customers.
For more information, visit eCryptinc.com or YourPrivacyIsOurBusiness.com.
The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited.
Contact:
Media Relations
media@ecryptinc.com
1.866.241.6868
Source: eCrypt Technologies Inc.
CONTACT: Media Relations of eCrypt Technologies Inc., +1-866-241-6868,
or media@ecryptinc.com
Web Site: http://www.ecryptinc.com/
eCrypt Technologies Converts Debt to Equity
eCrypt settles outstanding debt with Global Capital Partners.
BOULDER, Colo., March 1 -- On Friday February 26, 2010 eCrypt Technologies, Inc. (BULLETIN BOARD: ECRY) and Global Capital Partners LLC (Global Capital), agreed to settle the outstanding debt secured by the convertible debenture held by Global Capital, by converting all amounts due on the debenture into common shares of eCrypt Technologies, at the price of $0.81 per share.
By doing so, Global Capital increased its shareholdings of eCrypt to 12.01%.
Brad Lever, President and CEO commented "We are happy to announce that there are no other outstanding convertible notes, options, or warrants that can be exercise into common stock of eCrypt."
To try "eCrypt" wireless email encryption software for FREE, go to eCrypt's website and enter PROMO CODE: PR0301.
About eCrypt Technologies
eCrypt Technologies, Inc. is an information security firm with a focus on the wireless industry. Its flagship product "eCrypt", is a first-of-its-kind wireless email encryption software for BlackBerry® smartphones, and is available under a perpetual license or on a pay-per-use basis. Using the strongest encryption algorithms available for the BlackBerry® smartphone OS, eCrypt software prevents unwanted access to email messages during transmission and storage on servers and PCs. Users may communicate freely with each other knowing that no one has access to the content of their emails.
eCrypt Technologies is a proud BlackBerry® Alliance Associate Member, and has successfully obtained a Mass Market Status for its product from the U.S. Department of Commerce, Bureau of Industry and Security. This status allows eCrypt to export and re-export the software under section 742.15(B)(2) of the Export Administration Regulations, and is recognized by the Wassenaar Arrangement.
"eCrypt" email encryption software is currently available for BlackBerry® Internet Service and BlackBerry® Enterprise Server customers.
For more information, visit eCryptinc.com or YourPrivacyIsOurBusiness.com.
The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited.
Contact:
Media Relations
media@ecryptinc.com
1.866.241.6868
Source: eCrypt Technologies Inc.
CONTACT: Media Relations of eCrypt Technologies Inc., +1-866-241-6868,
or media@ecryptinc.com
Web Site: http://www.ecryptinc.com/