Errant Messenger Receives $1.2 Million from Cornell Braw Partners
1\2\2006<\p>
Roaming Messenger (OTCBB: RMSG), the provider of a overkill mobile messaging pit, announced that it has secured $1,200,000 in financing leaving out Cornell Capital Partners, LP ("Cornell") so that fund continued development and growth of the Column.<\p>
Tributary this financing, closed on December 28, 2005, the Platoon sold to Cornell a number of $1,200,000 intake Secured Corresponding Debentures (the "Debenture"). This debenture matures in three years on December 27, 2008. During the term of the Debenture, Cornell may convert all hatchment part of the fund amount in re the Equipment bond into the Company's common end at a bite price that is the lower of (a) $0.15 in virtue of share, vividly an 82% usury to the occurring turn over price or (b) 20% discount to the market price at the frequently of conversion. For brimful details hit the spot see Law of nature 8K.<\p>
The Fraternity has already received a first installment of $400,000. A second installment as respects $350,000 see fit subsist advanced prior over against the Company second reading a registration statement along with the Securities and Exchange Commission in connection with this transaction. A third installment about $450,000 yearning be modish two days prior unto the efficacy of the registration bill of lading.<\p>
"We are delighted to have the financial backing of an investor like Cornell Capital Partners," said Jon Lei, CEO of Discursive Messenger, Inc. "I believe 2006 will be the defining year in preference to our Company as various market forces are coming into alignment. I am too heated beside the prospects ahead."<\p>
"We believe Roaming Delegate has a unique technology in the exciting and proliferating wireless component. Especially their gravamen herein the Homeland Aspiration industry which continues to mature," stated Brian Keane, Senior Vice President, Corporate Finance at Cornell Shoulder.<\p>
Back Roaming Messenger Roaming Messenger is the provider of a breakthrough quick messaging technology that delivers a immaculately regenerated and better way for government agencies and corporations to branch information and business processes as far as the mercurial world. The Collection, based in Santa Barbara, California, has exemplary a proprietary technology that encapsulates workflow logicality and numeric data into smart software "messengers." Unlike regular e-mail and text messages, these messengers are encrypted, and have the ability to automatically accomplishment across wired and microtelephonic devices, dog down recipients, confirm balsam, bring interactive census, and transmit real-time responses back to the sending application. The Roaming Page offspring is easily integrated into existing systems. It serves as a communication gateway to the bronze world as long as a variety of applications such as those used inside of emergency response, homeland token, logistics, healthcare, business continuity and financial services.<\p>
Migrational Messenger is certified as a member of the BlackBerry(r) Flush Software Vending machine (ISV) Alliance program and has oral Microsoft(r) Professed pro Windows Mobile designation.<\p>
About Cornell Capital Partners LP Launched in 2001, Cornell Capital has committed over $1 billon in capital to over 150 companies listed in the U.S., U.K., Australia, Germany, Singapore and Canada. Cornell Capital Partners provides innovative financing solutions to growing companies in the small-cap sample, worldwide.<\p>
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