Inventergy Announces Non-Dilutive Financing
INVENTERGY GLOBAL INC (INVT)
US:NASDAQ Investor Relations:
ir.inventergy.com
Company Research
Source: Marketwire
CUPERTINO, CA -- (Marketwired) -- 08/17/17 -- Inventergy Global, Inc. (OTCQB: INVT) (the "Company"), announced today that all members of its Board of Directors ("Board") committed an aggregate $100,000 of new non-dilutive financing to fund the Company's operations. With the new financing program, the Company will provide investors with fortified returns secured by future distributions to be received by the Company from INVT SPE LLC, the special purpose entity formed to hold and monetize the 740 patents originally acquired by the Company from Panasonic, Nokia and Huawei. "We gained unanimous support from our Board to launch this new financing program," said CEO and Chairman Joe Beyers. "What makes this type of investment appealing is that it allows for non-dilutive funding for Inventergy, and provides investors with returns secured by the future distributions to the Company from INVT SPE LLC. Members of our Board have provided the first funds and we are in discussions
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