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iVoice Technology, Inc. Announces Its Anticipated Plans to Repay Balance of Convertible Debentures.

Publication: Business Wire
Publication Date: 19-MAY-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
MATAWAN, N.J. -- iVoice Technology, Inc. (OTC Bulletin Board: IVOT), announced today that it anticipates to redeem the balance of the $186,000 in convertible debt held by Y.A., Yorkville Advisors (formerly known as Cornell Capital) investor prior to the end of October 2008, when pursuant to the terms of the convertible debenture, the debt becomes convertible into common stock at the option of the holder. The debt is not convertible into common stock until after October 31, 2008. The Company recently repaid approximately $691,000 in secured convertible...

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