ForceLogix Technologies Inc. Announces Closing of Private Placement
13 Aprile 2010 - 7:47PM
Marketwired
ForceLogix Technologies Inc. (the "
Company")
announced today that on April 7, 2010, it closed a private
placement (the "
Private Placement") of
2,003,800 common shares for gross proceeds of $150,285 with
Callidus Software Canada Inc., which shares are subject to a
four-month hold period pursuant to Exchange policies and applicable
securities laws. Following the Private Placement, the Company has
52,577,683 issued and outstanding common shares and 31,176,992
non-exercised Special Warrants.
About ForceLogix Technologies Inc. ForceLogix
(www.forcelogix.com) (TSX-V: FLT) was created to meet the needs of
companies who wish to optimize and increase the effectiveness of
their sales force. ForceLogix provides affordable on demand
solutions allowing companies to improve their business performance
through the use of more effective sales management optimization
programs. ForceLogix enables companies to easily and affordably
design, implement, manage, audit and communicate sales performance.
By providing sales managers with more effective plans and better
visibility, these companies can dramatically improve sales
performance. ForceLogix provides solutions to thousands of Sales
Managers and individual sales people worldwide and growing.
About Callidus Software Callidus Software
(www.callidussoftware.com) (NASDAQ: CALD) is the market and
technology leader in Sales Performance Management (SPM). Callidus'
customers gain a competitive advantage by maximizing sales cost
efficiencies and driving improvements in sales execution. Our
award-winning Software-as-a-Service (SaaS) applications set the
standard for performance management of a company's sales force and
its other employees. Over 2 million employees and channel partners
have their performance managed by Callidus Software.
This news release does not constitute an offer
to sell securities, nor is it a solicitation of an offer to buy
securities, in any jurisdiction. The securities offered have not
been, and will not be, registered under the securities laws of the
United States of American or any state thereof, and may not be
offered or sold in the United States of American absent
registration or the availability of an exemption from such
registration.
For further information please contact Mr. Patrick Stakenas,
President and Chief Executive Officer of ForceLogix Technologies
Inc. at (847) 281-9307.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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Contact: Mr. Patrick Stakenas, President and Chief Executive
Officer of ForceLogix Technologies Inc. at (847) 281-9307
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