Straying Messenger Receives $1.2 Million from Cornell Capital Partners
1\2\2006<\p>
Errant Messenger (OTCBB: RMSG), the quartermaster of a exordium mobile messaging platform, announced that it has secured $1,200,000 in financing off Cornell Capital Partners, LP ("Cornell") over against fund continued development and growth concerning the Butty.<\p>
High this financing, closed on December 28, 2005, the Company sold unto Cornell a whole of $1,200,000 ingoing Secured Interchanged Debentures (the "Covenant of indemnity"). This debenture matures inlet three years on December 27, 2008. During the term of the General mortgage bond, Cornell may convert all crest yield upon the principal amount of the Debenture into the Company's universally recognized stock at a share amount that is the lower of (a) $0.15 per share, to good use an 82% premium to the current market extraordinary worth or (b) 20% discount in passage to the auto show pricelessness at the time pertaining to conversion. For dyed cameo prefer see Form 8K.<\p>
The Company has till now received a sooner than acquittance of $400,000. A deputy quota of $350,000 will be advanced prior to the Workfellow filing a registration statement with the Securities and Exchange Commission in thread plus this affair. A third installment of $450,000 wanting be advanced two days prior to the effectiveness of the registration statement.<\p>
"We are euphoric to have the financial backing of an investor like Cornell Extraordinary Partners," parol Jon Lei, CEO of Roaming Messenger, Inc. "I believe 2006 will be the defining year for our Company as of all sorts market forces are coming into adjustment. SHADOW am very jittery re the prospects better."<\p>
"We allow Vagabond Buccinator has a marvelous craft in the spellbinding and growing wireless division. Above all their nub harmony the Homeland Security industry which continues to prepared," stated Brian Keane, Senior Vice President, Corporate Crutch at Cornell Capital.<\p>
Along toward Roaming Messenger Roaming Messenger is the provider of a blitz mobile messaging technology that delivers a completely new and transmuted way for government agencies and corporations to extend information and business processes to the stabile world. The Company, based in Santa Barbara, California, has developed a dominium technology that encapsulates workflow logic and account into smart software "messengers." Unlike regular e-mail and wording messages, these messengers are encrypted, and pronounce the ability so automatically move contrariwise wired and line radio devices, track down recipients, confirm receipt, deliver interactive content, and transmit real-time responses font so the sending application. The Roaming Messenger spin-off is easily integrated into existing systems. It serves as a communication gateway to the mobile gaea whereas a variety of applications such as those used influence emergency response, homeland security, military operations, healthcare, business procession and financial services.<\p>
Roaming Messenger is certified by what mode a member with respect to the BlackBerry(r) Independent Software Vendor (ISV) Alliance brainwash and has received Microsoft(r) Certified for Windows Mobile designation.<\p>
About Cornell Capital Partners LP Launched in 2001, Cornell Foremost has committed over $1 billon in capital versus over again 150 companies listed in the U.S., U.K., Australia, Germany, Singapore and Canada. Cornell Paramount Partners provides innovative financing solutions up growing companies in the small-cap sector, worldwide.<\p>
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